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Indravadan Modi

Indravadan Ambalal Modi (18 February 1926 – 26 November 2012)[1] was an Indian pharmaceuticals industrialist who founded Cadila Pharmaceuticals in Ahmedabad. He is popularly known as the 'Medicine Man of India' for his contribution to the pharmaceutical industry of India post independence.[2]

Indravadan Modi
Born(1926-02-18)18 February 1926
Died26 November 2012(2012-11-26) (aged 86)
NationalityIndian
Other namesMedicine Man of India
EducationUniversity Department Of Chemical Technology ,Bombay University
OccupationFounder of Cadila Pharmaceuticals

Founder of IRM

Founder of CPL Bio
SpouseShilaben
Children1

Modi co-founded Cadila Laboratories in 1951 along with his childhood friend Raman Patel to offer cheaper drugs in India. In 1995, the company split into two separate entities; Raman Patel formed Cadila Healthcare while Modi named his company Cadila Pharmaceuticals.[3]

Early life edit

Modi was born in Hansot, Bharuch.[3] He lost his mother while he was very young and was brought up by his grandmother. He graduated in Bachelor of Science, Baroda College in 1948[citation needed] and came down to Bombay for higher studies. He studied Pharmaceuticals and Fine Chemicals at University Department of Chemical Technology (UDCT).[4] He then did a brief stint as a chief chemist in a chemical manufacturing unit before quitting to start his own venture.[5]

Founding of Cadila Laboratories edit

Post independence, India was dominated by multinational drug making companies. There were few Indian drug manufacturing facilities in the market.[5] Modi, in 1952, quit his job and established Cadila Laboratories with his close friend, Ramanbhai Patel, a pharmacy professor. They pooled in their resources to start making vitamins to treat Anemia, a disease prevalent in India at that time.[6] In the early days, his wife and grandmother helped out in the company. He would take out Rs. 250 for his monthly expenses and would invest the rest into the business. Cadila started developing innovative products such as Livirubra and Cadila Gripe and formulations such as Isopar for treatment of TB. The company focused on providing innovative products every two years.[5] In 1967, Cadila set up its first factory. In 1970, R&D activities started happening in the company.[5]

Cadila's First Employee edit

While Modi was one of the founder of the company, his wife, Shilaben was the first employee of Cadila Laboratories.[7] She would wash and label the product herself from a 3-room apartment in Azad Society that was taken on rent for Cadila Laboratories. She inspired her husband to enter into the business of Gripe Water, the first indigenous Gripe Water made in the country.[7]

Cadila Pharmaceuticals and Cadila Healthcare edit

In the year 1995, Cadila Laboratories split up into Cadila Pharmaceuticals and Cadila Healthcare. Modi, owner of Cadila Pharmaceuticals, brought in his son, Rajiv Modi to take care of the business.[6]

Philanthropy edit

In the year 1943, Modi's cousin died due to severe illness at the age of 18, due to lack of proper healthcare. Using this as an inspiration, he set up a Kakaba and Kala-Budh Public Charitable Trust under the Bombay Public Charitable Trust Act. Under this, he set up a 30-bed hospital in the village of Hansot to provide modern healthcare facilities to those who cannot afford it at one-third of the original rates.[5]

The trust also aids and Gujarat Government's rural development programs.

Distinguished Positions edit

  • Founding member, Resurgent Group of Gujarat.[8]
  • Member, National Working Group on Patent Laws, India (NWGPL).[9]
  • Member, Indian Drug Manufacturers' Association (IDMA)[9]
  • Contributor to Indian Patents Act, 1970[9]
  • Contributor, 1986 Drug Policy of Government of India[9]
  • Vice President, CHEMEXCIL[5]
  • Promoter, B.V. Patel Pharmaceutical Education and Research Development Centre (PERD)[5]
  • President, Ahmedabad Management Association, 1991-1993[10]

Awards and recognition edit

  • Lifetime Achievement award, June 2005, Gujarat Chamber of Commerce and Industry.[11]
  • Express Pharma Pulse Lifetime Achievement Award[5]
  • Indian Pharmaceutical Association's Ramanbhai Patel Foundation Lifetime Achievement Award[5]
  • Lifetime Achiever, Power 100: Eminent Personalities of Gujarat[5]
  • Gujarat Glories Power People 50[5]
  • Schroff Memorial National Award 1992[10]
  • Outstanding Entrepreneur Award 1993, The Federation of Gujarat Mills and Industries, Baroda[10]
  • Lifetime Achievement Award, 2009, All India Medical Association[5]
  • Lifetime Achievement Award, 2010, 3rd Annual Pharmaceutical Leadership Summit by Pharmaceutical Leadership[5]

Death edit

In his last days, Indravadan Modi developed a lung disease which started deteriorating and was put on a ventilator for the last 9 days. On November 26, 2012, Indravadan Modi succumbed to the infection. He was cremated in Cadila's campus of Dholka, near Ahmedabad.[12]

References edit

  1. ^ "Cadila's Indravadan Modi — the man who fought angrezi dawa".
  2. ^ "Indravadan A Modi: The medicine man of India". DeshGujarat. 2012-11-26. Retrieved 2020-10-09.
  3. ^ a b "Cadila Pharma Chairman Indravadan Modi dies at 87".
  4. ^ ""Bicycle to a Rolls Royes": The Iron Man of India, I A MODI". Pharmaleaders. Retrieved 7 April 2021.
  5. ^ a b c d e f g h i j k l m "Indravadan A Modi: The medicine man of India". DeshGujarat. 2012-11-26. Retrieved 2019-10-14.
  6. ^ a b Karmali, Naazneen. "Dark Horse". Forbes. Retrieved 2019-10-14.
  7. ^ a b Datta, Jyothi. "Cadila Pharma's 'first employee' passes away". @businessline. Retrieved 2019-12-03.
  8. ^ Shekhar, Himanshu (1901). Management Guru Narendra Modi. Diamond Pocket Books Pvt Ltd. ISBN 9788128828034.
  9. ^ a b c d "Industrialist Indravadan Ambalal Modi and Founder of Cadila Pharmaceuticals died". Jagranjosh.com. 2012-11-27. Retrieved 2019-10-16.
  10. ^ a b c "In Conversation With I. A. Modi". Lokvani. Retrieved 2019-10-16.
  11. ^ "Indravadan Modi, Valji Patel get lifetime award". business-standard.com.
  12. ^ "Pharma legend I A Modi passes away, legacy lives". The Times of India. November 27, 2012. Retrieved 2019-10-16.

indravadan, modi, indravadan, ambalal, modi, february, 1926, november, 2012, indian, pharmaceuticals, industrialist, founded, cadila, pharmaceuticals, ahmedabad, popularly, known, medicine, india, contribution, pharmaceutical, industry, india, post, independen. Indravadan Ambalal Modi 18 February 1926 26 November 2012 1 was an Indian pharmaceuticals industrialist who founded Cadila Pharmaceuticals in Ahmedabad He is popularly known as the Medicine Man of India for his contribution to the pharmaceutical industry of India post independence 2 Indravadan ModiBorn 1926 02 18 18 February 1926Died26 November 2012 2012 11 26 aged 86 Ahmedabad Gujarat IndiaNationalityIndianOther namesMedicine Man of IndiaEducationUniversity Department Of Chemical Technology Bombay UniversityOccupationFounder of Cadila Pharmaceuticals Founder of IRM Founder of CPL BioSpouseShilabenChildren1Modi co founded Cadila Laboratories in 1951 along with his childhood friend Raman Patel to offer cheaper drugs in India In 1995 the company split into two separate entities Raman Patel formed Cadila Healthcare while Modi named his company Cadila Pharmaceuticals 3 Contents 1 Early life 2 Founding of Cadila Laboratories 2 1 Cadila s First Employee 3 Cadila Pharmaceuticals and Cadila Healthcare 4 Philanthropy 5 Distinguished Positions 6 Awards and recognition 7 Death 8 ReferencesEarly life editModi was born in Hansot Bharuch 3 He lost his mother while he was very young and was brought up by his grandmother He graduated in Bachelor of Science Baroda College in 1948 citation needed and came down to Bombay for higher studies He studied Pharmaceuticals and Fine Chemicals at University Department of Chemical Technology UDCT 4 He then did a brief stint as a chief chemist in a chemical manufacturing unit before quitting to start his own venture 5 Founding of Cadila Laboratories editPost independence India was dominated by multinational drug making companies There were few Indian drug manufacturing facilities in the market 5 Modi in 1952 quit his job and established Cadila Laboratories with his close friend Ramanbhai Patel a pharmacy professor They pooled in their resources to start making vitamins to treat Anemia a disease prevalent in India at that time 6 In the early days his wife and grandmother helped out in the company He would take out Rs 250 for his monthly expenses and would invest the rest into the business Cadila started developing innovative products such as Livirubra and Cadila Gripe and formulations such as Isopar for treatment of TB The company focused on providing innovative products every two years 5 In 1967 Cadila set up its first factory In 1970 R amp D activities started happening in the company 5 Cadila s First Employee edit While Modi was one of the founder of the company his wife Shilaben was the first employee of Cadila Laboratories 7 She would wash and label the product herself from a 3 room apartment in Azad Society that was taken on rent for Cadila Laboratories She inspired her husband to enter into the business of Gripe Water the first indigenous Gripe Water made in the country 7 Cadila Pharmaceuticals and Cadila Healthcare editIn the year 1995 Cadila Laboratories split up into Cadila Pharmaceuticals and Cadila Healthcare Modi owner of Cadila Pharmaceuticals brought in his son Rajiv Modi to take care of the business 6 Philanthropy editIn the year 1943 Modi s cousin died due to severe illness at the age of 18 due to lack of proper healthcare Using this as an inspiration he set up a Kakaba and Kala Budh Public Charitable Trust under the Bombay Public Charitable Trust Act Under this he set up a 30 bed hospital in the village of Hansot to provide modern healthcare facilities to those who cannot afford it at one third of the original rates 5 The trust also aids and Gujarat Government s rural development programs Distinguished Positions editFounding member Resurgent Group of Gujarat 8 Member National Working Group on Patent Laws India NWGPL 9 Member Indian Drug Manufacturers Association IDMA 9 Contributor to Indian Patents Act 1970 9 Contributor 1986 Drug Policy of Government of India 9 Vice President CHEMEXCIL 5 Promoter B V Patel Pharmaceutical Education and Research Development Centre PERD 5 President Ahmedabad Management Association 1991 1993 10 Awards and recognition editLifetime Achievement award June 2005 Gujarat Chamber of Commerce and Industry 11 Express Pharma Pulse Lifetime Achievement Award 5 Indian Pharmaceutical Association s Ramanbhai Patel Foundation Lifetime Achievement Award 5 Lifetime Achiever Power 100 Eminent Personalities of Gujarat 5 Gujarat Glories Power People 50 5 Schroff Memorial National Award 1992 10 Outstanding Entrepreneur Award 1993 The Federation of Gujarat Mills and Industries Baroda 10 Lifetime Achievement Award 2009 All India Medical Association 5 Lifetime Achievement Award 2010 3rd Annual Pharmaceutical Leadership Summit by Pharmaceutical Leadership 5 Death editIn his last days Indravadan Modi developed a lung disease which started deteriorating and was put on a ventilator for the last 9 days On November 26 2012 Indravadan Modi succumbed to the infection He was cremated in Cadila s campus of Dholka near Ahmedabad 12 References edit Cadila s Indravadan Modi the man who fought angrezi dawa Indravadan A Modi The medicine man of India DeshGujarat 2012 11 26 Retrieved 2020 10 09 a b Cadila Pharma Chairman Indravadan Modi dies at 87 Bicycle to a Rolls Royes The Iron Man of India I A MODI Pharmaleaders Retrieved 7 April 2021 a b c d e f g h i j k l m Indravadan A Modi The medicine man of India DeshGujarat 2012 11 26 Retrieved 2019 10 14 a b Karmali Naazneen Dark Horse Forbes Retrieved 2019 10 14 a b Datta Jyothi Cadila Pharma s first employee passes away businessline Retrieved 2019 12 03 Shekhar Himanshu 1901 Management Guru Narendra Modi Diamond Pocket Books Pvt Ltd ISBN 9788128828034 a b c d Industrialist Indravadan Ambalal Modi and Founder of Cadila Pharmaceuticals died Jagranjosh com 2012 11 27 Retrieved 2019 10 16 a b c In Conversation With I A Modi Lokvani Retrieved 2019 10 16 Indravadan Modi Valji Patel get lifetime award business standard com Pharma legend I A Modi passes away legacy lives The Times of India November 27 2012 Retrieved 2019 10 16 Retrieved from https en wikipedia org w index php title Indravadan Modi amp oldid 1177460324, wikipedia, wiki, book, books, library,

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