Forbes Billionaires List – #265 – Malvinder & Shivinder Singh


Ambitious brothers have been on buying binge since selling their stake in pharma major Ranbaxy Laboratories to Daiichi Sankyo for $2 billion in 2008. They bought Singapore hospital chain Parkway Holdings but sold out after counter offer from Khazanah, Malaysia’s sovereign wealth fund, pocketing $90 million. They bought a diagnostics unit from fellow billionaire Ajay Piramal for $130 million merging it with their Super Religare Labs which they plan to list. Other purchases include US private equity firm Landmark Partners and Australian dental clinics chain. Brothers are reportedly mulling starting a regional airline. Malvinder is a keen photographer. Source