LoknathNAMA

Daicchi HQ and Ranbaxi HQ ( on top )

I was going to IDEMI, Chunabhatti in Mumbai where I learns software programming. On the newsstand in Sion railway station I saw Businessworld magazine with a feature on “the man behind the Ranbaxi deal.” .The crazy as I was, took it read. The hero of the deal is Viren Mehta, an US based acquisition and merger specialist and founder of Mehta Partners LLC.

In addition to BW, I also later in night  , browsed net to know more on the man who could make the biggest Pharma company selling in post –independent India.  Varun is a specialist in Pharma and bio-technology industry sector. He is the managing member of and managing member of Mehta Partners, LLC which offers investment, strategic and financial advice in Pharma sector since 1998.

Dr. Mehta was a partner of Mehta and Isaly from July 1989 to December 1997. He was also a part of the strategic planning team of the International Division of Merck. Dr. Mehta obtained his Doctor of Pharmacy from the University of Southern California and his M.B.A in International Finance and Marketing from UCLA.

A Gujurati by birth with business in his blood, Viren was involved in a deal of Sun Pharma in its acquisition of Detroit based Caraco group. He was also involved with deals of Zudus. The story about Ranbaxi deal has been well-discussed everywhere. Malvinder Singh was looking for partnership opportunity while the Daicchi’s CEO Takashi Shoda could convince him for a bout out.

German Daicchi had keen interest in India. It had hired D Vijendran, an old Ranbaxi hand, to set up a   

Ranbaxi’s Malvinder with Daichhi CEO subsidiary of Daicchi had keen interest in India. It had hired D Vijendran, an old Ranbaxi hand, to set up a subsidiary of the global Pharma major. At this juncture, he proposed to buy the company in stead of floating a partnership. The already rich Malvinder Singh of Ranbaxi family has now added Rs 5000 Crore + to his sleeve. Time will tell how he is exploring the huge with his added capital. But the role played by low profile high action man Viren Mehta will be remembered by all beyond Pharma domain. He dreams to create a handful of major Indian companies out of the Indian pharma landscape. I wish him all successes.

 I wish to see Businessworld flashing another cover story on his merger advisory success soon!