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C OM M UNI TY

Abhishek Kumar Singh, the 21-

year-old millionaire in
pharmaceuticals industry

This is a community article contributed by Young Entrepreneurs

22 December 2016

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The Beginning

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 In December 2006, Abhishek Singh launched the first 90 generics in the pharma
isolated market of Lebanon. In its first year these cost effective generics
received more than 1 million users who could not afford branded medicines in
their own county. This new avenue of choice was built entirely by Abhishek Singh,
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21-year-old with no previous extensive work expertise in pharmaceuticals
industry. According to CNBC, Singh learned everything he needed to know POPU LAR

through practical experience at pharma manufacturing units, and proposed to She got kicked out of
malls and got blocked
develop 4,000 generics in the next decade as a core goal. on Facebook:
Sahyujhyahs startup
story
The inspiring bit of this young one which shall attract ones attention has been; POPU LAR

was that of Abhishek Singh, the 21-year-old millionaire (fortunately millionaire at How one airport trip
caused this 22-year-
21!), who sold his New Generics to much in need countries such as Lebanon, old college dropout
Brazil, Senegal for millions! to build a business
with 6 million unique
signins
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Its quite an interesting story actually: Abhishek Singh started using the GST registration

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 computer at 9, and began visiting his family pharma plants from 1999 when he opens: procedure to
enroll for GST
was 11 back when the concept of generic medicine was quite new in the market registration by
and India was known to only make copy products which are out of patent. existing taxpayers

Abhishek Singhs first success was with Tacrolimus Capsules, an

immunosuppressive drug used mainly after allogeneic organ transplant to
lower the risk of organ rejection. This generic launch was as quite popular so
much so that this was tendered by almost 28 countries in a span of 4 years till
the new bio-similar sirolimus Capsule.

Abhishek Singh was offered $300,000 from a Turkey based venture capital
funding billionaire for Tacrolimus; to sell its technology with full rights. He
refused this money, along with the feedback and criticism that selling such right
of a bio-similar which was already not affordable in India; would further mean
deprivation access to such life saving medicines.

The CNBC ran a story on the 21 year olds rise to fame, as well as some unique
advice offered to the young entrepreneur/ young millionaire. Worth a read!

Abhishek Singhs who is satisfied with his companys current global exposure;
highlights that its very easy get investment in pharma company; however, if
greedy investors are allowed on the board of noble pharma companies; the greed
always leads to drug price manipulation and then even though a company may MOST POPULAR
become large scale, but essential purpose and motto of A.K.Singh from Taj
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Pharma may be defeated; i.e. human kind shall not make money from/at the
10 crucial mistakes I
cost essential life saving medicines and access to medicine shall be basic human want to stop making
in 2017
right.
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 Makes for a very interesting read!
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ABOUT THE AUTHOR

Young Entrepreneurs
The potential and possibilities of youth entrepreneurship should be considered in the
highest context of the economic realities of our country

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 MOST POPULAR
2 Comments Sort by Oldest

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Meet the Forbes 2016

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highest earning
YouTube celebrities

Kunwar Kartikey Singh Nothing;-; at ge f hak

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Great achievement. Go ahead
All set to watch
Like Reply 1 Dec 29, 2016 4:23am Dangal? Here are 5
things everyone can
Sangram Singh Rajasthan University
learn from the real
Great, Phogat family
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