Meet man, worked as Amitabh Bachchan’s CA, later Big B sold stake in his company, now a Billionaire with net worth of Rs…
Premchand Godha, once a chartered accountant (CA) for the Bachchan family, has risen from humble beginnings to become one of India’s wealthiest individuals. He transformed Ipca Laboratories, a struggling pharmaceutical company, into a thriving empire worth ₹28,000 crore.
Premchand Godha Early Life
Born into a farmer’s family in Rajasthan, Premchand Godha faced numerous challenges growing up. However, his unwavering determination and hard work propelled him to success. Godha started his career managing the financial affairs of Bollywood icon Amitabh Bachchan and his family, gaining valuable expertise in financial management.
Turning Point In 1975
The year 1975 marked a major turning point in Godha’s life. Partnering with the Bachchan family, he invested in the struggling Ipca Laboratories, a small pharmaceutical company at the time.
Under his leadership, the company underwent a remarkable transformation, shifting from losses to profits. Godha’s strategic vision and business acumen helped establish Ipca Laboratories as a leading player in the pharmaceutical industry. Today, the company produces medicines for conditions such as diabetes, heart disease, pain management, and malaria.
Bachchan Family’s Exit
In 1999, facing financial difficulties, the Bachchan family sold their stake in Ipca Laboratories. Despite this, Godha remained committed to the company and continued to lead it with determination. His efforts turned Ipca into a ₹28,000 crore giant in the pharmaceutical sector.
A Self-Made Billionaire
Premchand Godha’s journey is not only about the success of Ipca Laboratories but also about his personal achievements. According to Financial Express, his net worth exceeds Rs 10,800 crore (approximately $1.3 billion).
From being a CA to heading one of India’s top pharmaceutical companies, Godha’s journey exemplifies the power of perseverance, vision, and hard work. His story is a testament to the entrepreneurial spirit of India and serves as an inspiration to aspiring business leaders.
Premchand Godha’s transformation of Ipca Laboratories from a revenue of Rs 54 lakh to ₹4,422 crore underlines his remarkable leadership.