![]() With this acquisition, Torrent Pharma, which has an annual revenue of over ₹8,500 crore, will enter the league of top 10 players in the dermatology segment and will be the leader in the cosmetic dermatology space.Īcquisitions are also part of the strategy in the power business with the company expanding and increasing their footprint in the renewable energy space. Recently, Torrent Pharmaceuticals entered into a definitive agreement to acquire 100 percent of skincare manufacturer Curatio Healthcare for ₹2,000 crore. “But to accelerate that growth, acquisitions play an important role,” he says. In a market that is not consolidated enough, organic growth is important, points out Samir, chairman of the group. According to the company, this market is under-penetrated and with changing demographics, increasing urbanisation, and evolving regulations, there is an opportunity to provide incremental value and create a quality brand at the national level.Īcquisitions, too, have been part of the business strategy at the group. This February, the group also diversified into the diagnostics sector by forming Torrent Diagnostics Private Limited. Sleepwell: From Licence Raj to a brand to reckon with Ranked 26 on the Forbes India Rich List 2022 with a net worth of $6.4 billion (₹51,821 crore), the brothers have built on the pharma business, Torrent Pharma, started by their father in 1959 as well as diversified into the power and gas sector in 19, respectively. Second generation brothers Sudhir and Samir Mehta generously welcome us into their personal space. As do several family portraits including one of late Uttambhai Nathalal Mehta, the man who laid the foundation of the 63-year-old Gujarat-based Torrent Group. Inside, there are antique collections and paintings by artists like Manjit Bawa, Desmond Lazaro and Harry Bertoia that line the walls. Off Billionaires’ Street in Ahmedabad a large but unassuming home stands surrounded by trees and connected to a plantation beyond. ![]() (Clockwise from front) Sudhir Mehta (seated), chairman emeritus, Torrent Group (pharmaceuticals & power), Aman Mehta, director, Torrent Pharmaceuticals, Varun Mehta, director, Torrent Power, and Samir Mehta, chairman, Torrent Power & Torrent Pharmaceuticals
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