He toppled Mukesh Ambani from his coveted place, where he comfortably sat for the last 7years or so and now this position has a new person.
Who is Dilip Shanghvi? He is the owner of Sun Pharma, the pharmaceutical company which is 4th largest in the world. After his company acquired Ranbaxy pharma, his company's shares reached dizzying heights. His company's current market capitalization is 215000 crore rupees.He started his business in 1983 with few lakhs as investment and now in 32 years he has reached this milestone.
What bothers me is that, in 2002 his company market capitalization were around 2600 odd crores. Well had I not studied engineering for 2 years and instead my father had spent that money by buying Sun Pharma shares, it would have worth 1 crore by now :D :D :D. His company has grown by 100 times in the last 13 years. Phenomenal isn't it?
Moral of the story is the early movers on any profession will have the full advantage of gaining the unprecedented reaps. Always rely on your instincts and sometimes you got to take decisions based on leap of your faith, do not worry about the outcome.
No comments:
Post a Comment