Nimmagadda Prasad Net Worth, Age, Height, Bio, Birthday, Wiki!
Explore Nimmagadda Prasad net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Nimmagadda Prasad? Who is Nimmagadda Prasad dating now & how much money does Nimmagadda Prasad have?
Nimmagadda Prasad Biography
Nimmagadda Prasad is one of the most popular and richest Businessperson who was born on October 11, 1961 in Krishna district, Andhra Pradesh, India.
Prasad started his career as a management trainee in Indian Molasses Company in Delhi (an associate of United Molasses Company, UK) in 1984 and was promoted to salesman at Rhone Poulenc Chemicals (the company later merged with Hoechst AG to form Aventis, and then to Vorin Laboratories as general manager of marketing in 1993, from his continuous efforts was elevated to managing director in 1995. When Indian pharma market leader Ranbaxy Ltd. acquired Vorin, Prasad was re-designated Senior managing director and chief executive officer.
In 2000, Prasad took over the sick pharmaceuticals company Herren Drugs, and renamed it Matrix Laboratories, and obtained US FDA clearance for the manufacturing facilities in Hyderabad. Matrix grew dramatically through a series of mergers and acquisitions. Prasad acquired Medicorp Technologies in May 2003, Vorin Labs in September 2003, Vera Laboratories, Fine Drugs & Chemicals the same year 2004 and a controlling stake in Concord Biotech in 2006. Prasad set his eyes on the global pharma-scape by acquiring Belgium-based Docpharma in June 2005, and a controlling stake in China’s McChem Group. He also floated a JV South Africa’s Aspen Pharmacare in September 2005, and picked 43% stake in Switzerland’s Explora Laboratories SA the same year.
| Name | Nimmagadda Prasad |
| First Name | Ayad |
| Last Name | Lamdassem |
| Occupation | Businessperson |
| Birthday | October 11 |
| Birth Year | 1961 |
| Place of Birth | Krishna district |
| Home Town | Andhra Pradesh |
| Birth Country | India |
| Birth Sign | Libra |
| Full/Birth Name | |
| Father | Not Available |
| Mother | Not Available |
| Siblings | Nimmagadda Prakash |
| Spouse | Nimmagadda Sridevi |
| Children(s) | Nimmagadda Swathi |
Ethnicity, religion & political views
Many peoples want to know what is Nimmagadda Prasad ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Nimmagadda Prasad's ethnicity is Not Known. We will update Nimmagadda Prasad's religion & political views in this article. Please check the article again after few days.
In 2006, Prasad sold off his majority shares in Matrix to Mylan Laboratories, USA, a large generic Pharmaceutical Company. From an initial investment of Rs. 30 million, Prasad retained 5% in Matrix, and made about Rs. 5.70 billion in the transaction in which Mylan picked up a 71.5% stake in Matrix laboratories.
Nimmagadda Prasad Net Worth
Nimmagadda Prasad is one of the richest Businessperson from India. According to our analysis, Wikipedia, Forbes & Business Insider, Nimmagadda Prasad's net worth $5 Million. (Last Update: December 11, 2023)
Nimmagadda Prasad (born 11 October 1961) is an Indian industrialist from Andhra Pradesh, India, known for his ventures in the Pharmaceutical and Television industries, and is involved in philanthropic activities through Nimmagadda Foundation.
| Net Worth | $5 Million |
| Salary | Under Review |
| Source of Income | Businessperson |
| Cars | Not Available |
| House | Living in own house. |
In 2006, Prasad sold off his majority shares in Matrix Pharmaceutical to Mylan Laboratories, USA, a large generic Pharmaceutical Company. For his achievements, the state government has honoured him with the “Best Management Award” in 2006. On the other hand, in 2012, he was jailed during CBI’s investigation on Y. S. Jaganmohan Reddy’s Disproportionate Assets, for allegedly having paid Rs. 8.50 billion on a quid pro quo amounting to Rs 14261.7 million investments in VANPIC and other firms held by him, during Y. S. Rajasekhara Reddy’s government. However, these assets were subsequently attached by the Enforcement Directorate of India, and Prasad was granted bail after seventeen months.
Prasad continued his entrepreneurial journey by acquiring Maa TV in 2006 and made it a leading Telugu General Entertainment Channel network. The revenue of the company has grown to Rs.350 Crores in 7 years.
Height, Weight & Body Measurements
Nimmagadda Prasad height Not available right now. Ayad weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
With over 15 years of professional experience in multinational pharmaceutical environment, Prasad turned entrepreneur in the year 2000 by acquiring a sick pharmaceutical company in Hyderabad, and made it a great turnaround company, Matrix Laboratories Limited. With good product innovation, manufacturing scale, leadership, global marketing footprint and M&A Strategy, Prasad steered Matrix Laboratories as one of the major pharmaceutical companies in India.
In 2008, Prasad joined as a local partner with the Government of Ras al-Khaimah for the implementing of a mega infrastructure project under the umbrella of VANPIC for the development of a world-class port-based integrated industrial corridor in the coastal region of Andhra Pradesh. This project was expected to transform the hitherto agri-based Guntur and Prakasam districts of Andhra Pradesh into major industrial hubs. With regards to VANPIC project, Prasad is embroiled in the alleged disproportionate assets case against Y S Jaganmohan Reddy, President of YSR Congress,
Who is Nimmagadda Prasad Dating?
According to our records, Nimmagadda Prasad married to Nimmagadda Sridevi. As of December 1, 2023, Nimmagadda Prasad’s is not dating anyone.
Relationships Record: We have no records of past relationships for Nimmagadda Prasad. You may help us to build the dating records for Nimmagadda Prasad!In a span of 6 years, Prasad built Matrix to a US$1.03 Billion value enterprise before it was acquired by US-based Mylan Inc. in 2006.
Facts & Trivia
Ayad Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in India. Nimmagadda Prasad celebrates birthday on October 11 of every year.
On 17 May 2012, Nimmagadda Prasad was questioned for several days and eventually arrested by the CBI. He was lodged in Chanchalguda jail, where he was always seen carrying a bottle of mineral water. After several failed attempts, he was eventually granted bail after seventeen months, in October 2013.
You may read full biography about Nimmagadda Prasad from Wikipedia.
