Do you remember the COVID-19 pandemic, when the drug Remdesivir became a lifesaver for thousands in India? There were just a few pharmaceutical brands in India that were serving it. Today, we’ll talk about Cipla Limited, one of the biggest producers of this drug.
Cipla was founded in 1935 with the goal of providing healthcare for everyone.
Let us explore the rich history of Cipla Limited today!
Cipla Limited| Founders, Leadership, and Milestones
- Incorporated: 1935
- Founder: Dr. K.A. Hamied (1898-1972)
- Chairman: Dr. Y.K. Hamied
- MD & Global CEO: Umang Vohra
- Employees: 25,000+
- Turnover: $2.8 Billion
- Market Cap ₹ 1,18,231 Cr.
Source- Cipla.com, as of June 2024.
History of Cipla Limited: A Legacy of 89 Years in Transforming Healthcare Worldwide
The great Cipla history is a remarkable growth story.
Whose concept was it during the era when India was still under British rule?
Let us understand it all!
In the heart of Mumbai, a pharmaceutical titan named CIPLA emerged in 1935.
CIPLA Ltd. was established under the visionary leadership of Dr. Khwaja Abdul Hamied. With a legacy marked by esteemed dignitaries, technological leaps, and a relentless commitment to healthcare, CIPLA’s history is indeed a story to be read for generations to come!
Let us walk you through the history of CIPLA, which will soon celebrate its 100th anniversary.
1935 – 1960 Dignitaries Grace Cipla
The history of CIPLA did have an amazing start!
Remember studying about Sardar Vallabhbhai Patel, Morarji Desai, and Sir C.V. Raman?
The company had esteemed these visitors during this time.
Can you imagine what it must have been like to meet such influential figures?
1947
Independence Day was celebrated at CIPLA’s Mumbai Central Headquarters with a grand flag-hoisting ceremony.
Just picture the pride and joy that must have filled the air on that historic day.
1948
CIPLA made its mark in the 1948 edition of the MARG journal with its advertisement.
Wonder what it advertised and how it caught people’s attention back then.
1954
CIPLA showcased its products at the All India Medical Conference.
1957
CIPLA’s cricket team emerged victorious, clinching the E-Merck shield.
1961-1975: Turnover Milestone
Cipla achieved a significant milestone in 1968 as its turnover crossed the 1 crore mark.
How do you think they celebrated this achievement?
1976-2011: Computerization at HQ
Cipla took a technological leap forward in 1979 with the installation of an ORG 2001 computer at its Mumbai Central Headquarters.
1984
The inauguration of the Patalganga manufacturing plant marked a new chapter in CIPLA’s growth story.
1991
Cipla Limited reached another milestone as its turnover crossed Rs. 100 crores.
How do you think they sustained this growth over the years?
The continuous demand for their products was the solid reason!
2019
Cipla Limited embraced digital therapeutics by partnering with Wellthy Therapeutics in India and Brandmed in South Africa.
How do you think this partnership revolutionised patient care?
CIPLA also made strides in the USA by acquiring the key anti-infective ZEMDRI™.
What impact do you think this acquisition had on CIPLA’s global presence?
2020
Cipla Ltd continued its legacy as a great place to work by receiving the Great Place To Work Certification once again.
What do you think makes CIPLA such a desirable workplace?
They also expanded their reach in Sri Lanka and ventured into the oncology market through a distribution agreement with Roche Products (India) Pvt. Ltd.
How do you think this expansion strategy contributed to Cipla’s growth?
In response to the COVID-19 pandemic, Cipla Limited launched remdesivir under its brand name CIPREMI and received regulatory approval for Favipiravir in India under the brand name Ciplenza.
How do you think Cipla Limited’s initiative will impact the future of scientific research in India?
Take a look at the Cipla company profile.
About Cipla Limited
Cipla, as an organisation, is built on the foundation of care.
“Caring for Life” is Cipla’s guiding purpose.
It has a presence in over 80 countries. Cipla products lists include more than 1,500 products across various therapeutic categories in over 50 dosage forms.
To make healthcare more affordable globally, Cipla is deepening its presence in key markets:
Australia, Brazil, Europe, Kenya, Malaysia, Morocco, Nepal, South Africa, Spain, Sri Lanka, the United Kingdom, the USA, Ghana, and Germany.
For over eight decades, Cipla’s mission to improve patients’ lives has inspired every aspect of its work.
In 2001, Cipla introduced a triple anti-retroviral therapy for HIV/AIDS in Africa for less than a dollar a day.
- When was CIPLA Established: Cipla was established in 1935
- CIPLA Owner: The current owners of Cipla are Yusuf Hamied and his brother Mustafa Hamied. They inherited the business after the death of their father, Khwaja Abdul Hamied, who founded the company in 1935.
- CIPLA Founder: Late Dr K.A. Hamied
- CIPLA Product List: More than 1500 products like Generics, active pharmaceutical ingredients (APIs), and over-the-counter (OTC) products. These cover treatments such as analgesic, antipyretic, anti-emetic, antacid, anti-allergic, anti-asthmatic, and antibiotic.
- CIPLA Subsidiaries: Cipla Limited has over 55 subsidiaries, including, Cipla Agrimed Proprietary Limited, Cipla Nutrition Proprietary Limited, Cipla Personal Care Proprietary Limited, Cipla Pharma Lanka (Private) Limited, etc.
- CIPLA Turnover: $2.8 Billion
Cipla Company Financial Summary
FY24:
- Income from Operations (EBITDA): INR 6,233 Cr (24.5%), 26% YoY growth
- Revenue: INR 25,455 Cr, 14% YoY growth
Q4:
- Income from Operations (EBITDA): INR 1,316 Cr (21.4%), 13% YoY growth
- Revenue: INR 6,163 Cr, 10% YoY growth
Explore: Top Healthcare Companies in India
Cipla Limited: Empowering Communities Through Collaborative Social Change
The company, through its Foundation, continues its passionate journey of social change.
Its CSR initiatives include:
- To implement social initiatives, Cipla Limited collaborates with reputed institutions, NGOs, government agencies, and domain experts.
- Its CSR strategy focuses on collaborating with communities in India and South Africa. It targets areas such as Health, Education, Skills, Environmental Sustainability, and Disaster Response.
In FY2022-23, its social initiatives impacted over 400,000 individuals in India.
FAQs| Cipla History
The full form of Cipla is Chemical, Industrial & Pharmaceutical Laboratories.
The Cipla family is owned by Yusuf Hamied & family; Yusuf Hamied is the non-executive chairman.
Yes, Cipla is a multinational corporation (MNC) with over 50 subsidiaries spread worldwide.
Source– cipla.com/sites, cipla.com/
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