Divis Lab Success Story: There are many such success stories in the world of business and startups which people take as inspiration. So today we have brought for you another inspirational startup story, after reading which you will get to learn a lot.
Today we are talking about a person who failed twice in his 12th class and his family members or all relatives always used to taunt him, but today the same person has built a company worth crores in the business world.
Here we are talking about Murali DV who is the founder of Divis Labs company and today his company has become worth about 1 lakh crore rupees. Therefore, in today’s article we are going to tell you about Divis Lab Success Story that how Murali DV has built this company worth crores.
How Divis Lab Success Story started
Murli Divi belongs to Andhra Pradesh state of India, he was born in a poor family where there was a lot of financial crisis in the family. Murli’s father was an ordinary employee in a company, who used to take care of the whole family with his salary.
In his childhood, Murli was not very good in 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 Murli 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 Murli left for America, he had only 500 rupees in his pocket. But today Murli has become the owner of crores.
Worked in America: Divis Lab Success Story
When Murali DV went to America, he started working as a pharmacist there. Murali used to earn about 65,000 dollars every year by working there, which is equivalent to 54 lakh rupees in India.
After working for a few years in America, Murali DV decided to come back to India. When he planned this, he had only 33 lakh rupees with him.
Started his own business after coming to India
After returning to India from America, Murali had not even decided what he wanted to do. But still Murali returned to India. After returning to India, Murali worked with a company in the pharma sector in the year 1984. After working there, Murali started Divis Lab in the year 1990, whose first unit he established in Telangana.
In Divis Lab, Murali started preparing API i.e. its raw material used in the manufacture of medicines. Today, Divis Lab is one of the three largest companies making API in the pharma sector.
Today it has become a company worth crores
Started in the year 1984, Divis Lab has become a company worth crores today. At present, the valuation of this company in the business world is about Rs 1 lakh crore. Along with this, every year this company makes its revenue in crores of rupees.
Divis Lab Success Story Case Study
Divis Lab Success Story Overview
| 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 |
| Core Business Values | Financial Stability, Reliable Supply Partner, Trustworthiness, Transparency, Complimentary |
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