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The highest paid CEOs in India

February 17, 2009

Murali K Divi

Rank: No 13

Company: Divis Laboratories Limited

Designation: Chairman and managing director

Compensation: Rs 13.25 crore (Rs 132.5 million)

Divis Laboratories market cap: Rs 6,104.70 crore (Rs 61.05 billion)

About: Divi holds a doctorate degree in pharmaceutical sciences and has extensive experience of over 30 years in the active pharmaceutical ingredients industry. He is a member of American Institute of Chemical Engineers, American Chemical Society, American Cosmetic Society and American Pharmaceutical Association.

Divis Laboratories was established in the year 1990. It focussed on developing new processes for the production of active pharma ingredients and intermediates. Later, the company expanded its breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.

Divis Laboratories was valued at Rs 90 crore (Rs 900 million) when it went public in 2003. By 2004, Murali Divi was ranked the 42nd in the Indian billionares' club, with a net worth of Rs 825 crore (Rs 8.25 billion).

Image: Divis' production facilities

Also read: The end of the Gulf dream

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