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Lupin founder and Chairman Dr Desh Bandhu Gupta passes away

Lupin founder and Chairman Dr Desh Bandhu Gupta passes away

Mumbai: Dr Desh Bandhu Gupta, Founder and Chairman of Lupin Limited (Lupin), passed away early this morning in Mumbai. He was 79 years old. He will be remembered as a visionary, path-breaker and a nationalist who created a solid legacy of a global pharmaceutical major with a presence in over 100 countries.

Born in Rajgarh, Rajasthan, Dr Gupta earned a Master of Science Degree (Chemistry) and had a vision to fight life threatening diseases of highest national priority by delivering good quality medicines at an affordable price. It was with this objective that he moved to Mumbai and founded Lupin in 1968.

Since its inception, Lupin has been a pioneer in the Indian pharmaceutical landscape, and it was under the leadership of Dr Gupta that the company grew from being a domestic Indian pharmaceutical company to a global pharmaceutical major. The company is now the 4th largest generics pharmaceutical player by market capitalization in the world.

A firm believer in the concept of holistic development, Dr Gupta set-up Lupin Human Welfare and Research Foundation (LHWRF) in 1988 to eradicate poverty by encouraging sustainable development at the grass root level in rural India. His efforts have led to a positive impact on the lives of 2.8 million families in 3,463 villages across India.

 Vinita Gupta, CEO and Nilesh Gupta, MD – Lupin, said “We are deeply saddened with the demise of our father early this morning. What DBG put in motion 50 years ago in helping to create, innovate and lead in the pharmaceutical space is an unparalleled legacy. Those who knew and worked with DBG, remember him giving generously and fostering a dynamic environment where people could learn and grow. We will continue to build on his legacy and live by the values he instilled.”

Source: PRESS RELEASE
1 comment(s) on Lupin founder and Chairman Dr Desh Bandhu Gupta passes away

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    P.K.Rajagopal Nair July 1, 2017, 11:12 am

    The shocking news of the sudden demise of Shri. D.B. Gupta has created a big void in the pharmaceutical
    industry, which will be difficult to fill one. Being an employee of Lupin in the late 70s and associated with
    him very closely, I know very well what kind of person he was,how much he struggled when the company was in its infancy state. He was ofcourse my boss. He used to explain things like a teacher
    and I used to listen to him like a student. It was really a wonderful experience to work with him which I will cherish all through my life. I consider him as my mentor who has influenced me immensely in the
    later part of my life. Unfortunately , I did not have an opprtunity to meet him after leaving Lupin, despite
    being attempted a couple of occasions. His simplicity has made him big. Such people are rarely been born. He was a man with unparallel qualities and will be remembered for years & years to come. Those
    who are linked to Lupin should feel proud of having associated with such a wonderful personality. He
    was a born workaholic and this has helped him to taste success which ultimately has catapulted Lupin
    to a company of international repute. His Son & daughter should take the company forward from
    where he has left. I wish , God Almighty will give them the courage and boldness to face challenges
    in order to take the company to new heights.
    On this occasion of immense sadness, I pay my condolences to Mrs. Gupta, Mr. Nilesh Gupta , Mrs. Vinita-
    Gupta and all others at home.
    The happy & wonderful days I spent with Guptaji will ever remain green in my memory. Guptaji will
    never go to oblivion. I salute and pay homage to this great visionary and philanthropist.
    From P.K.Rajagopal Nair

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