G. V. Prasad

G. V. Prasad (Telugu: జి.వి. ప్రసాద్) is an Indian business executive, and co-chairman and managing director of Dr. Reddy's Laboratories.[1] He 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 master's degree in industrial administration from Purdue University a year later.[2]

G. V. Prasad
జి.వి. ప్రసాద్
NationalityIndian
Alma mater
OccupationCo-Chairman and Managing Director of Dr. Reddy's Laboratories
Relatives

Prasad was in 1985 with Benzex Labs, a pharmaceutical enterprise that he co-founded. Benzex was later acquired by Dr. Reddys and he returned to the construction business. In 1990, he was the CEO and MD of Cheminor Drugs Ltd. In 2001, Cheminor Drugs merged with Dr. Reddy's Laboratories[3] and Prasad took over as the vice-chairman and CEO of the merged entity.[4]

Early life

Prasad, the second child of Syamala and Harishchandra Reddy,[5] 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

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

After completing his master's degree, 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.[9]

In 2001, Cheminor Drugs merged with Dr. Reddy's Laboratories and Prasad took over as the vice-chairman and CEO of the merged entity.[9] He 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.[9]

Professional affiliations

References
  1. "G V Prasad - Profile". Bloomberg. Retrieved 13 February 2020.
  2. https://www.iith.ac.in/administration/pdfs/Profile-GV%20Prasad.pdf
  3. "Dr. Reddy's, Cheminor merger swap at 9:25". Hindu Business Line. 1 June 2000. Archived from the original on 19 February 2014.
  4. Dr. Reddy’s Q4 net down - The Hindu
  6. Forbes India Magazine - GV Prasad: You can never have a company totally dependent on one person
  7. "K. Anji Reddy". Forbes. Retrieved 6 June 2011.
  8. GV Prasad is new DRL chief - The Times of India
  9. "GV Prasad: You Can Never Have A Company Totally Dependent On One Person". Forbes India. Retrieved 18 April 2020.
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