Malvinder and sukhwinder singh biography

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Indian businessman

Shivinder Mohan Singh is an Indian businessman and erstwhile billionaire with Fortis Healthcare, Religare, and Ranbaxy Laboratories. Singh was the non-executive vice chairman of Fortis Healthcare, an Indian company. He is currently under arrest for criminal breach of trust along with his brother Malvinder Mohan Singh. The two have many cases of fraud registered against them.

Early life

Singh is the son of Dr. Pravinder Singh, and grandson of Bhai Mohan Singh, the founder of Ranbaxy Laboratories, since merged with Sun Pharmaceuticals Ltd (it was earlier a unit of the Japanese drug maker Daiichi Sankyo).

Business career

Singh and his brother Malvinder Mohan Singh inherited their family's % stake in Ranbaxy after the death of their father in In April , they were the thirty-fifth richest Indians, with a net worth of $ billion.

Education

Singh attended The Doon School, and then graduated with a BA (hons.) in mathematics from St. Stephen's College, Delhi; he holds an MBA with specialization in health sector management from the Fuqua School of Business of Duke University in the United States.

Personal life

Singh lives in New Delhi with his wife Aditi S. Singh and their four sons. On 24 September, during the AGM of Fortis Hospitals, Singh announced his resignation and handed control of the hospital chain to his brother.

Arrest

As of 1 November , Singh, along with his brother, remains under arrest as his judicial custody has been extended until 14 November On 12 December , A Delhi court rejected his bail plea in a case related to alleged misappropriation of funds at Religare Finvest Limited (RFL).

References

Indian businessman

Malvinder Mohan Singh is an Indian businessman. He was formerly the CEO of the now-defunct pharmaceutical firm Ranbaxy Laboratories. Along with his brother, Shivinder Mohan Singh, he has been charged in numerous cases of fraud related to his handling of the company.

As the head of Ranbaxy, Singh oversaw both a massively fraudulent operation aimed at deceiving the U.S. Food and Drug Administration (FDA) and other international health organisations as to the quality of the company's generic drug products, as well as the deception of the company's buyers when he mediated its sale to the Japanese drugmaker Daiichi Sankyo, in Singh, who had been kept on as CEO by the purchasing company, resigned in , as the deceit became apparent and as Ranbaxy began posting losses due to FDA-imposed restrictions on its products.

In an unrelated incident, Singh was arrested in the early hours of 11 October near Ludhiana, pursuant to a further fraud case against him and his brother, who was also placed under arrest.

Early life and education

Malvinder Mohan Singh is the grandson of Bhai Mohan Singh, who bought Ranbaxy Laboratories from its original founders in

Singh and his brother, Shivinder, attended the Doon School in Dehradun and later St. Stephen's College in Delhi. He went on to study at Duke University's Fuqua School of Business in Durham, North Carolina, where he earned his MBA.

Career

Singh and his brother inherited their father's % stake in Ranbaxy upon his death in , which placed them among the richest individuals in India. During his time with the company, Singh held the position of president of pharmaceuticals and eventually became CEO and managing director, in His tenure as head of the firm coincided