Malvinder Shivinder Singh Net Worth is
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Malvinder Mohan Singh is a former chairman and CEO of Ranbaxy Laboratories, an Indian unit of Japanese drugmaker Daiichi Sankyo, who resigned in 2009 after Ranbaxy posted losses and after Daiichi Sankyo decided to get more actively involved in the newly acquired Indian unit. He is the grandson of Bhai Mohan Singh, the founder of Ranbaxy. He and his brother Shivinder Singh, who in 1999 upon the death of their father inherited their family's 33.5% stake in Ranbaxy, are among the twenty richest Indians.
Singh attended The Doon School, Dehradun and St. Stephens College, Delhi. He also received an MBA from Duke University's Fuqua School of Business.
Malvinder Singh's tenure as CEO of Ranbaxy starting in 2006 is controversial. Corporate culture of fraud continued unchecked under his tenure. In November 2006, Malvinder Singh led a delegation to FDA headquarters to try to reverse the decision to accept new drug applications from Ranbaxy. This attempt failed as FDA asked Ranbaxy to turn over audits done by its outside consultant, Parexel, which the company was claiming were confidential. The meeting ended in a standoff. Soon thereafter Mr. Singh decided to cash in. On 11 June 2008, Singh stunned the Indian business world by announcing that he and his brother were selling their 34% stake in Ranbaxy to the Japanese drugmaker Daiichi Sankyo for $2 billion.
Malvinder Singh is part owner of Fortis Healthcare and Religare Wellness

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Malvinder Shivinder Singh Latest News

Protect Daiichi interests, Delhi HC tells Singh brothers

The Delhi High Court on Monday directed former Ranbaxy promoters Malvinder and Shivinder Singh to abide by their assurance to protect the interests of Japanese drugmaker Daiichi Sankyo and that any sale of assets by them cannot take place without first ...
Posted: January 23, 2017, 1:02 pm

Fortis cofounder Malvinder Singh: Shivinder will always be by my side

Shivinder Singh, executive Chairman of Fortis Healthcare has stepped down from his position, to join a philosophical and spiritual organisation Radha Soami Satsang Beas headquartered near Amritsar. By clicking on submit button, you authorize IIFL & its ...
Posted: September 30, 2015, 11:38 pm

Fortis' Shivinder Singh to quit, join spiritual organisation

Supporting his younger brother's decision, Fortis' executive chairman Malvinder Mohan Singh said: "It is not always that one gets to commit oneself in the service of the society and I am delighted that Shivinder is taking this step at this phase of his life."
Posted: September 23, 2015, 6:15 am
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