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G. V. Prasad
జి.వి. ప్రసాద్
Residence Hyderabad, India
Nationality Indian
Ethnicity Telugu, Andhraite
Alma mater Purdue University
Illinois Institute of Technology
Alagappa College of Technology
Occupation CEO of Dr. Reddy's Laboratories
Religion Hindu
Relatives Kallam Anji Reddy (father-in-law)
Kallam Satish Reddy (brother-in-law)

G. V. Prasad (Telugu: జి.వి. ప్రసాద్) is an Indian business executive, and CEO of Dr. Reddy's Laboratories.[1][2] Prasad studied Chemical Engineering at the Alagappa College of Technology. After completing five semesters, he went on to the Illinois Institute of Technology in Chicago to complete the three remaining semesters. Prasad followed up the engineering degree with a one year MBA at Purdue University. He won the 'Outstanding Senior Student' Award from the American Institute of Chemists, Chicago chapter in 1982. He earned his Masters in Industrial Administration from Purdue University a year later. [3]

His first exposure to the world of pharmaceuticals was in 1985 with Benzex Labs, a pharmaceutical enterprise that he co-founded. Benzex was later acquired by Dr. Reddys and Prasad returned to the construction business, only to come back to pharmaceuticals in 1990 – this time as the CEO and MD of Cheminor Drugs Ltd. In 2001, Cheminor Drugs merged with Dr.Reddy's Laboratories[4] and Prasad took over as the vice-chairman and CEO of the merged entity.[5]

Early life[edit]

Prasad, the second child of Syamala and Harischandra Reddy, did his initial schooling at the Vidyaranya High School in Hyderabad, Andhra Pradesh, India. He later moved to his hometown, Nellore, where he finished his schooling at VR High School.[6]

Personal life[edit]

Prasad is married to Anuradha, the daughter of Kallam Anji Reddy, who is the founder of Dr Reddy's Labs.[7] Anuradha is the managing trustee of Dr Reddy's Foundation as well as the founder-director of Saptaparni, an organisation promoting the traditions and culture of India.[8]

Early career[edit]

After completing his Masters, Prasad returned to India and joined his father's construction business, immersing himself in various projects in Karnataka. In 1985, he co-founded Benzex Labs, an API manufacturing company, which was later acquired by Dr Reddy's. He briefly returned to the construction business before reappearing on the pharma landscape in 1990 as managing director of Cheminor Drugs Ltd. Fueled by a spirit of entrepreneurship, Prasad transformed Cheminor into a world class API and Generics manufacturer, largely through his focus on professionalism, good governance and transparency.

In 2001, Cheminor Drugs merged with Dr.Reddy's Laboratories and Prasad took over as the vice-chairman and CEO of the merged entity. Prasad is widely credited as the architect of Dr. Reddy's successful global generics strategy. He envisioned newer business platforms like the Custom Pharmaceutical business and Specialty pharmaceuticals and is dedicated to building the innovation side of the business.

Professional affiliations[edit]

  • AP State Committee, WWF-India
  • Member of the Advisory Board, Acumen Fund
  • Member of the Board, Infotech Enterprises Ltd.
  • Member of the Board, Diana Hotels, India
  • Member of the Board, Ocimum Bio Solutions
  • Member, American Chemical Society
  • Member, American Institute of Chemical Engineers
  • Served as Chairman of the CII National Committee on Environment and the Intellectual Property Committee (2006–2007)

References[edit]

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/G._V._Prasad — Please support Wikipedia.
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266 news items

Moneycontrol.com

Moneycontrol.com
Wed, 29 Oct 2014 04:22:45 -0700

Discussing the company's results, GV Prasad, co-chairman and CEO, DRL, said the quarter has been a flattish one on the back of high R&D expenses. He expects growth to return once launches start happening. The company is expect to file two new drug ...
 
Economic Times
Tue, 23 Sep 2014 14:23:15 -0700

In an exclusive interview to ET, Chief Executive Officer G V Prasad opens up about how "jugaad" attitude caused lapses among few Indian drug makers, leading US Food & Drug Administration to impose curbs on some plants. Edited excerpts from the ...
 
Bloomberg
Wed, 19 Nov 2014 02:16:14 -0800

G.V. Prasad, chief executive officer of Dr. Reddy's Laboratories Ltd., India's second-largest drugmaker, said in an interview. “I've never felt the need for security. Now I'm not so sure.” Two phone calls to Aurobindo for comment went unanswered. The ...
 
Economic Times
Thu, 30 Oct 2014 19:31:49 -0700

While whole-time directors GV Prasad (Co-chairman & CEO) and Satish Reddy represent the family with 26% stake, they are never seen to be overbearing. Last year, for example, Prasad, who was then Chairman and CEO, anointed former McKinsey leader ...

The Hindu

The Hindu
Thu, 06 Nov 2014 06:37:30 -0800

This year we have Ratan Tata and G.V Prasad, co-chairman and CEO, Dr. Reddy's Laboratories, as part of the programme. Ravi Venkatesan, former chairman of Microsoft, has also been with us. The richest resource of Insight, according to Ram Charan, is the ...

Zee News

Zee News
Sun, 02 Nov 2014 01:37:30 -0700

G V Prasad, co-chairman and CEO, DRL, had said in an interview to a news channel that the company is all set to file at least one NDA before the end of this year and another in the next few months after that, thus making two NDAs in the next year or so.

Business Standard

Business Standard
Mon, 30 Jun 2014 07:28:06 -0700

Showing enormous conviction in what they chose to do, Dr Reddy's co-chairman and chief executive officer G V Prasad says he would prefer taking risky bets on research even while adopting a cautious approach to acquisitions. While Sun Pharma's dramatic ...

Business Today

Business Today
Tue, 04 Nov 2014 19:59:51 -0800

"We in India are globally competitive in terms of CEO salaries and many have globally benchmarked salaries? a million-dollar salary is not at all unusual," says GV Prasad, CEO, Dr Reddy's. The decade also saw the rise in the salaries of promoter CEOs.
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