Early Life and Education
Prasad, the second child of Syamala and Harischandra Reddy, did his initial schooling at the Vidyaranya High School in Hyderabad, Andhra Pradesh, India. He later moved to his hometown, Nellore, where he finished his schooling at VR High School. Prasad moved to Chennai to study 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.While there, he was nominated to the Dean’s List for high academic achievement and received the Tao Beta Pi membership for high scholastic achievement. He also 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, in 1983. In 1983, he returned to India and joined his father’s construction business.
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. Fuelled 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.
Read more about this topic: G. V. Prasad
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