Malvinder

Malvinder & Shivinder Mohan Singh
$1.5 billion
Delhi



Associated Companies:



Two brothers inherited the family's 33.5% stake in India's leading pharmaceutical company Ranbaxy Laboratories. That was more then five years ago because of the premature death of their father, Parvinder Singh. Since then the brothers have quite admirably managed themselves as well as the company. Although Ranbaxy's profits taken a beating over the last 12 months the long range plans are very much on course.This year the brothers' private holdings are up. Malvinder is president of Ranbaxy's pharma business while younger sibling Shivinder runs Fortis, the family's hospital chain, which recently bought one of India's leading cardiac institutes Their new diversification stream is financial services and their financial services company "Religare" has started making noises on that front.

Malvinder is responsible for the entire global operations of the billion dollar company, spanning across 40 countries An MBA graduate from the Fuqua School of Business, Duke University, USA (1996-98), Malvinder has done his under graduate studies in St Stephen’s college BA (Hons) Economics, (1990-93). Before that Malvinder did his schooling from Doon School. During 1993-94 Malvinder was briefly associated with American Express Bank in Delhi and Mumbai. In 1994 Malvinder joined Ranbaxy as a management trainee.Younger brother Shivinder also studied at the Doon School before following it up with a graduate degree in mathematics from St. Stephen’s College. Shivinder is also an MBA with specialisation in health sector management from the Fuqua School of Business, Duke University, USA.

Mathematics and healthcare are quite different from one another but Shivinder says that maths and computers have been his favourite subjects since childhood. Shivinder is one of the principal promoters of Fortis Healthcare and SRL Ranbaxy.

The brother often say that big success is always associated with big risks. The company took a few such risks which eventually paid off. In the early 1990s, Ranbaxy invested heavily in creating infrastructure in various countries across the globe. Then their huge research and development (R&D) investment in new chemical entities (NCE’s) have started to pay off.

Malvinder is also fond of photography and travelling. He learnt photography from his father who was a good photographer. Shivinder on the other hand is fond of playing golf, tennis and table tennis. He is also a huge movie buff.

In Ranbaxy circles, brothers Malvinder Mohan Singh and Shivinder Mohan Singh are referred to as MMS and SMS respectively