G.V. Prasad
Co-Chairman and Managing Director
Dr. Reddy's Laboratories Ltd.
G V Prasad leads the core team at Dr. Reddy’s that has contributed significantly to its transformation from a mid-sized domestic operation into a worldwide pharmaceutical conglomerate. Since his fulltime role as CEO in 1990 till date he has seen revenues grow from $50 million to $2.5 billion. He has led the global expansion of the company, especially into developed markets, through both organic and inorganic moves.
Prasad’s emphasis on research, innovation, transparency, business ethics and flatter corporate structures has helped shape Dr. Reddy’s into what it is today - an organization of global repute, recognized industry-wide for scientific innovation, progressive people practices and high standards of corporate governance. He is driving the necessary imperatives for Dr. Reddy’s to engage even more deeply with the human aspects of health.
Prasad is a firm believer in sustainable manufacturing and business practices and leads the company’s sustainability initiatives including the adoption of green technologies and processes. Today, environmental goals are built into operational approaches, thereby reducing the company’s ecological footprint.
As a lover of nature and wildlife, Prasad is involved with the activities of the World Wildlife Fund, AP and Telangana chapter, Wild Life Trust (WTI) of India and other conservation minded organizations.
Education
Bachelors in Chemical Engineering from Illinois Institute of Technology, Chicago, 1982 Masters in Industrial Administration from Purdue University, 1983
Professional Affiliations & Board Memberships
Along with his responsibilities as Co-Chairman and MD, Prasad finds the time and energy to work on other causes that he holds dear. Prasad is a Board Member of institutions such as Indian School of Business and Ashoka University. He has also previously served on the Boards of IIT Hyderabad, S V University, Cyient and Acumen Fund to name a few. He is currently the Chairman of CII National Committee on Pharmaceuticals (2019-20) and has also previously been the Chairman of the CII National Committee on Environment and the Intellectual Property Committee (2006–2007). Prasad has recently been appointed as the Honorary Consul of the Kingdom of Belgium in Hyderabad.
Awards & Recognitions
- Boundary Breaker leader Award, CEO Awards 2018
- Listed among the Top 50 CEOs that India ever had, Outlook magazine, 2017
- One of the top 5 most valuable CEOs of India by Business World, 2016
- India Business Leader of the year by CNBC Asia, 2015
- India’s Best CEO by Business Today, 2014
- India Business Leader of the Year by CNBC Asia, 2014
- India Talent Management Award by CNBC Asia, 2014