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Wockhardt was founded by Dr. Habil Khorakiwala in the 1960s. [7] His father Fakhruddin T. Khorakiwala had acquired Worli Chemical Works [8] in 1959. This was incorporated as Wockhardt Pvt. Ltd., in 1973. [5] Wockhardt Ltd. was incorporated on 8 July 1999. [9]
Wockhardt Hospitals Ltd is an Indian for-profit private hospital network headquartered in Mumbai. [4] The chain of hospitals is owned by the promoters of Wockhardt , [ 5 ] a multinational pharmaceutical company. [ 6 ]
Habil Khorakiwala is the founder and Chairman of Indian multinational pharmaceutical and biotechnology company Wockhardt. [1] He founded Wockhardt in 1967, [2] which since then has grown into one of the top Indian makers of generic drugs, formulations, biopharmaceuticals, nutrition products, vaccines, active pharmaceutical ingredients (APIs) and a chain of advanced Super Speciality Hospitals.
From 2000 until his death, he was the chancellor of Jamia Millia Islamia. [2] He was a well-known Indian businessman, and founded the Akbarallys group of departmental stores in Mumbai. [1] [3] He acquired Worli Chemical Works which later was incorporated as Wockhardt Ltd, becoming India's 5th largest pharmaceutical company. [3]
Torrent Pharmaceuticals was established in 1959 by U. N. Mehta as Trinity Laboratories. It was renamed as Torrent Pharmaceuticals in 1971. [5]In 1997, Torrent Pharma and Sanofi established a 50:50 joint venture called Sanofi Torrent for selling Torrent Pharma's products. [6]
In 2018, Manipal Hospitals and TPG Capital acquired Fortis Healthcare Limited as part of a deal for ₹ 39,000 million. [12] [13] [14] In 2019, Fortis Healthcare announced that it had completed the acquisition of RHT Health Trust (RHT) assets for an enterprise value of ₹ 46,500 million.
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