Mankind Pharma, a leading pharmaceutical company in India, was founded by brothers Ramesh and Rajeev Juneja in 1995 with a modest capital of Rs 50 lakh and just 20 employees. Today, the company is the fourth-largest pharmaceutical company in India, with a market capitalization of Rs 97,572 crore. The Juneja brothers, who hail from Meerut in Uttar Pradesh, have come a long way from their humble beginnings. Ramesh, the chairman and whole-time director, started out as a medical representative, while Rajeev, the vice chairman and managing director, worked in a chemist’s shop.
Despite their simple starts, the brothers had big dreams and a vision to make a mark in the pharmaceutical industry. They launched their operations in just two states in the first year, but over time, their business expanded massively across India and internationally. The company is known for its popular brands such as Manforce condoms, Gas-O-Fast antacid, and the multivitamin HealthOK, all of which were named by Ramesh Juneja.
In April 2023, Mankind Pharma launched its initial public offering (IPO), which attracted significant attention from investors and the public. Two major private equity firms, Capital International and ChrysCapital, have invested in the company, demonstrating their confidence in its potential. The Juneja brothers’ success has also been recognized by Forbes, which estimates Ramesh’s net worth at Rs 27,472 crore and Rajeev’s at Rs 26,613.5 crore.
The journey of Mankind Pharma and the Juneja brothers is an inspiring tale of entrepreneurship and perseverance. From a small business in Meerut to becoming industry giants, their story is a testament to the power of vision, hard work, and innovative thinking. Today, Mankind Pharma is a household name in India, and its products are trusted by millions of people. The company’s success has also created employment opportunities and contributed to the growth of the Indian economy. As Mankind Pharma continues to expand and innovate, its founders remain committed to their mission of providing quality healthcare products to people across the country.