Divis Lab Success Story: 12th failed student built a company worth Rs 1 lakh crore, Read full story
Divis Lab Success Story: There are many such success stories in the world of business and startup which people take as inspiration. So today we have brought for you another inspiring startup story, after reading which you will get to learn a lot.
Today we are talking about a person who had failed twice in his 12th class and his family members or all his relatives always kept taunting him, but today the same person has made a company worth crores in the business world. .
Here we are talking about Murali Divi who is the founder of Divis Labs company and today his company is worth about Rs 1 lakh crore. Therefore, in today’s article, we are going to tell you about Divis Lab Success Story, how Murali Divi has created this company worth crores.
Murli Divi hails from Andhra Pradesh state of India, he was born in a poor family where there was a lot of financial crisis in the family. Murali’s father was an ordinary employee in a company, who used to support the entire family with his salary.
In his childhood, Murali was not very good at studies and this was the reason why he failed twice in his 12th class. But despite this, he never gave up and continued his studies, due to which Murali DV went to America in the year 1976 at the age of just 25.
Let us also tell you that according to the report of Forbes India, when Murali left for America, he had only Rs 500 in his pocket. But today Murali has become the owner of crores.
Jobs in America: Divis Lab Success Story
When Murali DV went to America, he started working as a pharmacist there. By working in America, Murali used to earn about 65,000 thousand dollars every year, which is equal to 54 lakh rupees in India.
After working for a few years in America, Murali DV decided to return to India, when he made this plan, he had only Rs 33 lakh at that time.
Came to India and started my business
Murali had not even decided what to do after returning to India from America. But still Murali returned to India. After returning to India in 1984, Murali worked with a company in the pharmaceutical sector. After working there, in the year 1990, Murali started Divis Lab, whose first unit he established in Telangana.
In Divis Lab, Murali started preparing the raw materials used in the manufacturing of medicines. Today, Divis Lab is one of the three big companies manufacturing APIs in the pharma sector.
Today he has made a company worth crores
Divis Lab, which started in the year 1984, has today become a multi-crore company. At present the valuation of this company in the business world is around Rs 1 lakh crore. Together, this company generates revenue in crores of rupees every year.
Divis Lab Success Story Case Study
Divis Lab Success Story Overview
Aspect
Details
Company Name
Divi’s Laboratories
Founded
1990
Headquarters
Hyderabad, India
Founder
Dr. Divi Murali Krishna Prasad
Subsidiary Brands
– Divi’s Laboratories (USA) Inc (New Jersey, USA) – Divi’s Laboratories Europe AG (Basel, Switzerland)
Manufacturing Units
Three (Near Hyderabad and Visakhapatnam, India)
R&D Centers
Three in India
Patents
42
Employees
More than 17,000
Leadership
– Dr. Divi Murali Krishna Prasad (Chairman and Managing Director) – Dr. Satchandra Kiran Divi (Whole-time Director & CEO) – Nilima Prasad Divi (Whole-Time Director, Commercial)
Recent Achievement
Top three API manufacturers globally; one of the top API firms in Hyderabad
Industry Growth Prediction
Global pharmaceuticals manufacturing industry CAGR of 11.34% from 2021 to 2028; Indian pharmaceutical sector expected to be worth US$ 49 billion in FY22
Notable Audits
USFDA, EU GMP, HEALTH CANADA, TGA, ANVISA, COFEPRIS, PMDA, MFDS
Mission
Creating value through high-quality APIs, custom synthesis, and sustainable leadership in chemistry
Vision
Adding significance to manufacturing through core values and societal service
We hope that from this article you have got information about Divis Lab Success Story. Do share it with your friends so that they can also get information about Divis Lab Success Story.
