The man who earlier worked as Amitabh Bachchan's CA is now among India's richest
Humble Beginnings and Early Career
Born into a farmer’s family in Rajasthan, Premchand Godha faced several challenges while growing up. Despite these hurdles, he pursued his education and built a career as a chartered accountant. During his early professional life, he managed the finances of the Bachchan family, including Bollywood superstar Amitabh Bachchan. This role gave him a wealth of experience in financial management, laying the foundation for his future endeavors.
Godha’s life took a significant turn in 1975 when he, along with the Bachchan family, invested in Ipca Laboratories, a struggling pharmaceutical company at the time. The firm was on the verge of collapse, but Godha’s strategic thinking and business acumen proved to be the game-changer. Under his leadership, Ipca Laboratories shifted from losses to profitability, with the company’s revenue growing from Rs 54 lakh to Rs 4,422 crore over the years.
Today, Ipca Laboratories is a key player in the pharmaceutical industry, producing medications for diabetes, cardiovascular diseases, pain management, and malaria. The company has a current market valuation of Rs 28,000 crore, a testament to Godha’s exceptional leadership.
The Bachchan Family’s Exit
In 1999, the Bachchan family sold their stake in Ipca Laboratories due to financial difficulties. However, Godha remained steadfast in his commitment to the company. His unwavering dedication and visionary leadership propelled Ipca to new heights, turning it into one of the most respected pharmaceutical
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