RANBXY: FAMILY FEUD

‘WAR-EPIDEMIC’ SPREADS!

AFTER THE SINGHANIAS, LODHI-BIRLAS, AMBANIS, IT’S NOW THE SINGHS’ TURN...

Malvinder Singh, CMD, Ranbaxy, his brother Shivender Singh, MD, Fortis Health- Care and their uncle Analjit Singh, founder, Max India Ltd. are leading prestigious healthcare and pharmaceutical companies. Unfortunately, the recent tussle between these three for family property has assumed significant unhealthy proportions. This bitter dispute has now become a routine cause of embarrassment in particular for Ranbaxy, India’s largest pharmaceutical company. On July 5, a complaint was launched by Nimmi Singh (former Ranbaxy Chairman Dr. Parvinder Singh’s widow) “against Analjit Singh for intimidating, threatening and abusing her, when she tried to stop trespassers in her home,” divulges a source close to the family. Well, for the uninitiated, the foundation stone of this rift was laid way back in 1990s. And more than a decade later, after Malvinder Singh became the CMD on January 26, 2006 and Bhai Mohan Singh, the founder of Ranbaxy breathed his last on March 28, 2006; the first half of 2006 will be marked as a bitter season in the calendar of Ranbaxy.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor-:- Prof. Arindam Chaudhuri - 2006

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