Nimmagadda Prasad
- January 8, 2024
- Businessperson
Quick Facts
| Full Name | Nimmagadda Prasad |
| Occupation | Businessperson |
| Date Of Birth | Oct 11, 1961(1961-10-11) |
| Age | 63 |
| Birthplace | Krishna district |
| Country | India |
| Birth City | Andhra Pradesh |
| Horoscope | Libra |
Nimmagadda Prasad Biography
| Name | Nimmagadda Prasad |
| Birthday | Oct 11 |
| Birth Year | 1961 |
| Place Of Birth | Krishna district |
| Home Town | Andhra Pradesh |
| Birth Country | India |
| Birth Sign | Libra |
| Siblings | Nimmagadda Prakash |
| Spouse | Nimmagadda Sridevi |
| Children(s) | Nimmagadda Swathi |
Nimmagadda Prasad is one of the most popular and richest Businessperson who was born on October 11, 1961 in Krishna district, Andhra Pradesh, India.
Prasad started his career as a management trainee in Indian Molasses Company in Delhi (an associate of United Molasses Company, UK) in 1984 and was promoted to salesman at Rhone Poulenc Chemicals (the company later merged with Hoechst AG to form Aventis, and then to Vorin Laboratories as general manager of marketing in 1993, from his continuous efforts was elevated to managing director in 1995. When Indian pharma market leader Ranbaxy Ltd. acquired Vorin, Prasad was re-designated Senior managing director and chief executive officer.
In 2000, Prasad took over the sick pharmaceuticals company Herren Drugs, and renamed it Matrix Laboratories, and obtained US FDA clearance for the manufacturing facilities in Hyderabad. Matrix grew dramatically through a series of mergers and acquisitions. Prasad acquired Medicorp Technologies in May 2003, Vorin Labs in September 2003, Vera Laboratories, Fine Drugs & Chemicals the same year 2004 and a controlling stake in Concord Biotech in
- Prasad set his eyes on the global pharma-scape by acquiring Belgium- based Docpharma in June 2005, and a controlling stake in China’s McChem Group. He also floated a JV South Africa’s Aspen Pharmacare in September 2005, and picked 43% stake in Switzerland’s Explora Laboratories SA the same year.
Nimmagadda Prasad Net Worth
| Net Worth | $5 Million |
| Source Of Income | Businessperson |
| House | Living in own house. |
Nimmagadda Prasad is one of the richest Businessperson from India. According to our analysis, Wikipedia, Forbes & Business Insider, Nimmagadda Prasad 's net worth $5 Million. (Last Update: December 11, 2023)
Nimmagadda Prasad (born 11 October 1961) is an Indian industrialist from Andhra Pradesh, India, known for his ventures in the Pharmaceutical and Television industries, and is involved in philanthropic activities through Nimmagadda Foundation.
Height, Weight & Body Measurements
Nimmagadda Prasad height Not available right now. Ayad weight Not Known & body measurements will update soon.
Who is Nimmagadda Prasad Dating?
According to our records, Nimmagadda Prasad married to Nimmagadda Sridevi. As of December 1, 2023, Nimmagadda Prasad’s is not dating anyone.
Relationships Record : We have no records of past relationships for Nimmagadda Prasad. You may help us to build the dating records for Nimmagadda Prasad!
In a span of 6 years, Prasad built Matrix to a US$1.03 Billion value enterprise before it was acquired by US-based Mylan Inc. in 2006.
Facts & Trivia
Ayad Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in India. Nimmagadda Prasad celebrates birthday on October 11 of every year.
On 17 May 2012, Nimmagadda Prasad was questioned for several days and eventually arrested by the CBI. He was lodged in Chanchalguda jail, where he was always seen carrying a bottle of mineral water. After several failed attempts, he was eventually granted bail after seventeen months, in October 2013.