Dilip Shanghvi is an Indian businessman and one of the richest persons in India. He is the founder and managing director of Sun Pharmaceuticals. As of the 2015 Forbes real time ranking, he is the richest Indian having surpassed the long-standing richest Indian on the list, Mukesh Ambani. He was born on 1 October 1955 in Amreli, Gujarat, India. Shanghvi earned a Bachelor of Commerce degree from the University of Calcutta. He is an alumnus of J. J. Ajmera High School and Bhawanipur Education Society College, from where he did his schooling and graduation, respectively. In 1997, he acquired Caraco Pharma, a loss-making American company, with the aim of expanding Sun's reach in the United States and turned them around in no time. Both the deals have paid off; the US now accounts for 60% of Sun's revenue. He also acquired Israel's Taro Pharma in 2007. He is also credited with steering Sun Pharma to fifth place in the global generic drugs market. On 19 February 2015, he surpassed Mukesh Ambani as the richest person of India, as his parent company stock surged. In 2016, he received the Padma Shri Award.