Sudhir and Samir Mehta Biography | Torrent Pharmaceuticals| Torrent Power
Men, since time immemorial, have only tried to shape the world for good. Their stories and achievements are perpetual, and it almost takes an entire library to read about them. The biography here today will be about two such men who have done their part in progressing and uplifting our nation for good. The names are Sudhir Uttamlal Mehta and Samir Uttamlal Mehta. They both are brothers from the same mothers. But, their achievements, however, stand to be more than an individual. Check Here Sudhir and Samir Mehta biography.
Sudhir and Samir Mehta biography
Sudhir Mehta is a billionaire businessman from our country India. Along with his brother Samir Mehta, they operate the Torrent Group. Torrent Group the parent company founded by their father Uttambhai Nathalal Mehta deals mainly with pharmaceutical products and energy. In February 2020, Forbes declared the brother’s net worth to be somewhere around US$ 5.1 billion. In this biography, you will know more about both the brother’s backgrounds, lifestyle, and the businesses they represent as operating heads.
Sudhir was born in the year 1954. He stands to be the driving force for one of the most valued names within the pharmaceutical and energy industries. His ambition to put his father’s company into new forefronts of success has shaped up and yielded positive results. The man behind the Torrent group has forever been instrumental with his decisions. Extensive diversification of the Torrent group into the power sector was possible due to Sudhir’s strong business ideologies and dedication.
Torrent group entered the power industry with the acquisition of Mahendra Cables. The company then renamed itself in the late 80s and is now known as Torrent Cables Limited. Both the Ahmedabad Electricity company and the Surat Electricity company acquired by Sudhir Mehta in the early 90s marked the group’s journey into the energy sector. Sudhir took the helm of being the chairman of the group in 1998. This came soon after the sad demise of his father Sri Uttambhai Nathalal Mehta. Since then, the Torrent group has only grown into new heights of success from scratch. Thanks to the able leadership of Sudhir, which made them stand as one of the leading business groups the country has.
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The younger brother to Sudhir Samir Mehta was born in the year 1963. He assists Sudhir as an executive chairman of the Torrent group. Samir holds a respectable Master’s degree in business management. He helps the group achieve astonishing heights of success in terms of business growth with his organic business management skills. It was under his leadership for the Torrent group to become one of the most respectable names within the pharmaceutical industries in India. With his constant efforts, Torrent managed to hold a steady position among the domestic markets.
Samir even helped the group to make a stand and a leadership position with suitable business operations that are strong, growing, and profitable at the same time. Today, the Torrent group has overseas existence in the international markets. Brazil, U.S.A, and Germany are a few places to name where the group has successfully established itself. According to sources, 60% of the total revenue that the Torrent group generates flow in from these international markets. Samir plays a crucial role in the business development part of the group for several years now. He comes up with strategies that work and valuable guidance which he implements for the group to grow.
Torrent Power – Projects
As far as the energy sector of the Torrent group is concerned, Shri Bhatt played a pivotal role. The entire journey of SUGEN Mega Power Project, starting from the concept to commissioning of the project came in under his leadership. The project is unique in so many ways. Samir did his part as well. SUGEN Mega Power Project was a budget-friendly project which results in the lowest per megawatt cost due to the sustainable efforts led by Samir and the group. However, Shri Bhatt was responsible for a few other projects as well. His constant support makes Torrent power stands where it does today. He played a significant part in the 1200 MW DGEN Project and the UNOSUGEN Project, which both today are under operation. Shri Bhatt also oversees several other power projects of the Torrent group. Torrent Pipavav is another pipeline project the group worked for and came out with bright colors in the long run.
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Sudhir and Samir Mehta – In Short
- Both the brothers stood in the 27th rank of India’s richest back in 2019.
- Sudhir and Samir Mehta earn their bulk source of wealth from Torrent Pharmaceuticals, a 3 billion dollar industry under the torrent group.
- Torrent group today is a 60-year-old company formed by the brother’s father, Shri Uttambhai Nathalal Mehta. He used to work as a salesman for a Switzerland pharmaceutical company known as Sandoz before he incepted Torrent.
- Torrent Power is successful in distributing and lighting up the homes of 3 million consumers in their state of origin Gujarat and two other states as well.
- Torrent power share rates grew on the higher side by the end of FY 2019. The group only expects a rise in profits in the years to come with its renewable energy business.
Social Work and Philanthropy
Sudhir and Samir Mehta’s Torrent group donated a whopping Rs 100 crores in efforts to combat the global pandemic COVID-19. Their contribution had a distribution where 50 crores went directly to the PM Cares fund, and the rest 50 crores funding with other variable initiatives. Several government hospitals and NGOs working at the grassroots levels to battle the pandemic received this fund to contain the devastating impacts due to the pandemic. Torrent group even ensured that all the employees that include thousands of construction workers contracted under them get their wages paid in full.
Final Words of Wisdom
Sudhir and Samir Mehta are business tycoons who have had extensive efforts to contribute to the GDP of India. Even during tough times, the brothers showed that no matter how small your initiatives are, they always have an immense impact at the end of the day. To read more such inspiring stories from our state, stay tuned on our page.