It's raining billionaires in India's pharma and health care space

Created 7 billionaires in 2020; now 17 super-rich promoters in the sector with combined wealth of Rs 4.35 trillion

The pharma and health care space is the latest breeding ground of India’s billionaire promoters. The sector created seven billionaire promoters in CY2020, thanks to pandemic-induced growth. This is more than half the new billionaire promoters last year.

For comparison, 13 promoters across sectors entered the super-rich club last year while five exited the list due to a fall in their companies’ market capitalisation.

Now there are 17 super-rich promoters in the pharma and health care space, up from 10 last year. These promoters had combined wealth of Rs 4.35 trillion, or around $60 billion, at the end of December 2020, up