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Parvinder
Singh of Ranbaxy passes away
New Delhi: The man who set up India's first
multinational pharmaceutical company, Parvinder Singh, chairman and managing director of
Ranbaxy Laboratories, passed away at the Apollo Hospital on 3 July. Singh was suffering
from cancer of the oesophagus and was admitted at the hospital last week.
Credited with establishing a company of truly
international standards, Parvinder Singh began almost from scratch and built up Ranbaxy to
a research-based international pharma company and India's largest, with 22 overseas
subsidiaries and a turnover of Rs 1,400 crore. A company that followed corporate
governance and undertook original research, Ranbaxy has to its credit develeopment of two
original molecules and sophisticated drug delivery systems.
Parvinder Singh had a doctorate in pharmacy from the
University of Michigan.
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