02 September 2008

Habil Khorakiwala - Fobs - The World's Indian Billionaires

#1014 Habil Khorakiwala

Age: 65

Fortune: inherited

Source: pharmaceuticals

Net Worth: $1.1 bil

Country Of Citizenship: India

Residence: Mumbai , India.

Industry: Pharmaceuticals

Marital Status: married, 3 children

Education: Bachelor of Arts / Science
Purdue University, Master of Science
Chairs and runs pharmaceutical firm Wockhardt, which gets 64% of its $670 million in sales from the U.S. and Europe. Has overseas manufacturing plants in the U.K., U.S., France and Ireland. Expanded global footprint last year by acquiring France's Negma Laboratories for $265 million and Mortin Grove Pharmaceuticals in the U.S. February offering of hospital chain Wockhardt Hospitals was withdrawn owing to choppy market. Still plans to spin off and list research arm.

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