Meet the billionaire who once served as Amitabh Bachchan’s Chartered Accountant (CA) and turned around a struggling pharma company, catapulting it to a market value of Rs 28,000 Crore.
India’s billionaire list has expanded dramatically over the last ten years, with names like Mukesh Ambani, Shiv Nadar, and Savitri Jindal capturing headlines. Today, we focus on an individual who not only navigated the business sphere alongside Bollywood icon Amitabh Bachchan but also rejuvenated a failing pharmaceutical firm. This businessman hails from a farming background in Rajasthan and has remarkably increased the company’s revenue from Rs 54 lakh to an incredible Rs 4,422 crore.
Premchand Godha, the Executive Chairman of Ipca Laboratories—a prominent Mumbai-based pharmaceutical company—boasts a net worth of $1.7 billion (Rs 14,435 crore), as reported by Forbes.
At 77 years of age, Godha leads a company now valued at Rs 28,000 crore. His early association with the Bachchan family as their CA provided him with invaluable experience in finance, which laid the groundwork for his epic success story.
Early Life
Born into a humble farming family in Rajasthan, Godha completed his commerce degree at the University of Rajasthan. Subsequently, he earned his Chartered Accountant certification from the Institute of Chartered Accountants of India, according to reports from DNA.
Beginning his professional career in 1971, he managed various financial affairs for the entire Bachchan family, including Bollywood’s legend, Amitabh Bachchan.
Business Ventures
In 1975, Godha invested in Ipca Laboratories alongside the Bachchan family when the company was facing severe financial challenges. His sharp business instincts and strategic vision revitalized Ipca, transforming it from a state of losses to substantial profits. Under his leadership, the firm’s revenue skyrocketed from Rs 54 lakh to Rs 4,422 crore over the years, as per The Economic Times. Notably, the Bachchan family’s exit from the company in 1999 marked a turning point, driven by their own financial struggles after Amitabh Bachchan’s brother, Ajitabh Bachchan, had chaired it during the 1990s, per DNA reports.
Godha has been a Director on the Board of Ipca Laboratories since October 31, 1975, and became Managing Director in March 1983. His tenure has seen Ipca flourish into a highly respected pharmaceutical firm, specializing in medications for diabetes, cardiovascular diseases, pain relief, and malaria, with a current market valuation of Rs 28,000 crore.
Net Worth
Over the years, Godha has established himself as a savvy first-generation entrepreneur, currently boasting a net worth of $1.7 billion (Rs 14,435 crore), thereby positioning him among the wealthiest individuals in India.
