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Dr. Reddys Laboratories was founded by Dr Anji Reddy, a entrepreneur-scientist, in 1984. The DNA of the company is drawn from its founder and his vision to establish India's first discovery led global pharmaceutical company. In fact, it is this spirit of entrepreneurship that has shaped the company to become what it is today. Dr Anji Reddy, having moved out of Standard Organics Limited, a company he had successfully co-founded, started Dr. Reddy's Laboratories with $ 40,000 in cash and $120,000 in bank loan! Today, the company with revenues of Rs.1947 crore (US $446 million), as of fiscal year 2005, is India's second largest pharmaceutical company and the youngest among its peer group. The company has several distinctions to its credit. Being the first pharmaceutical company from Asia Pacific (outside Japan) to be listed on the New York Stock Exchange (on April 11, 2001) is only one among them. And as always, Dr. Reddy's chose to do it in the most difficult of circumstances against widespread skepticism. Dr. Reddy's came up trumps not only having its stock oversubscribed but also becoming the best performing IPO that year.
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