Dr. Murali K. Divi is the wealthiest individual in Hyderabad, boasting a net worth of $7 billion (approximately ₹5,847 crores), according to the Hurun Global Rich List 2024. As the founder and managing director of Divi’s Laboratories, a global leader in the pharmaceutical industry, Dr. Divi has established a stronghold in producing active pharmaceutical ingredients (APIs) and providing custom manufacturing services to major international pharmaceutical companies.
Growth and Global Reach of Divi’s Laboratories
Under Dr. Divi’s leadership, Divi’s Laboratories has grown rapidly, especially in the last year, with his wealth increasing by 40% from 2023 to 2024. The company has cemented its presence globally, with 90% of its revenue coming from exports. Divi’s Laboratories now generates an annual revenue of $965 million and is valued at ₹1,45,000 crores, reflecting its massive international footprint.
A Pioneer in Pharmaceuticals
Before founding Divi’s Laboratories in 1990, Dr. Murali Divi had over 15 years of experience in the pharmaceutical industry. He began his career as a pharmacist in the United States and later worked with Dr. Reddy’s Labs in India. In 2003, the company went public with an IPO, which played a pivotal role in its expansion and success. Today, Dr. Divi’s children, Dr. Kiran S. Divi and Neelima Prasad Divi, hold key roles in the company, continuing the family’s involvement in its operations.
One of the World’s Richest Scientists
Apart from being the richest person in Hyderabad, Dr. Divi is also ranked 33rd on Forbes’ 2023 list of India’s wealthiest individuals. He is counted among the wealthiest scientists globally, a rare achievement that reflects his significant contributions to the pharmaceutical industry.
