CEO of Dr. Reddy's Laboratories

G. V. Prasad
G. V. Prasad

G. V. Prasad  is an Indian business executive, and CEO of Dr. Reddy’s Laboratories. Prasad studied Chemical Engineering at the Alagappa College of Technology. After completing five semesters, he went on to the Illinois Institute of Technology in Chicago to complete the three remaining semesters. Prasad followed up the engineering degree with a one-year MBA at Purdue University. He won the ‘Outstanding Senior Student’ Award from the American Institute of Chemists, Chicago chapter in 1982. He earned his Masters in Industrial Administration from Purdue University a year later.

His first exposure to the world of pharmaceuticals was in 1985 with Benzex Labs, a pharmaceutical enterprise that he co-founded. Benzex was later acquired by Dr. Reddys and Prasad returned to the construction business, only to come back to pharmaceuticals in 1990 – this time as the CEO and MD of Cheminor Drugs Ltd. In 2001, Cheminor Drugs merged with Dr.Reddy’s Laboratories and Prasad took over as the vice-chairman and CEO of the merged entity.

Early career:

After completing his Masters, Prasad returned to India and joined his father’s construction business, immersing himself in various projects in Karnataka. In 1985, he co-founded Benzex Labs, an API manufacturing company, which was later acquired by Dr Reddy’s. He briefly returned to the construction business before reappearing on the pharma landscape in 1990 as managing director of Cheminor Drugs Ltd. Fueled by a spirit of entrepreneurship, Prasad transformed Cheminor into a world class API and Generics manufacturer, largely through his focus on professionalism, good governance and transparency.

In 2001, Cheminor Drugs merged with Dr.Reddy’s Laboratories and Prasad took over as the vice-chairman and CEO of the merged entity. Prasad is widely credited as the architect of Dr. Reddy’s successful global generics strategy. He envisioned newer business platforms like the Custom Pharmaceutical business and Specialty pharmaceuticals and is dedicated to building the innovation side of the business.

Professional affiliations:

AP State Committee, WWF-India
Member of the Advisory Board, Acumen Fund
Member of the Board, Infotech Enterprises Ltd.
Member of the Board, Diana Hotels, India
Member of the Board, Ocimum Bio Solutions
Member, American Chemical Society
Member, American Institute of Chemical Engineers
Served as Chairman of the CII National Committee on Environment and the Intellectual Property Committee (2006–2007)