Meet India’s billionaire brothers with $14.1bn net worth mulling one of India’s biggest pharma takeovers

Ahemdabad based siblings are riding the momentum of India’s ambition to become the world’s pharmacy.

Billionaire Brothers Aim To Scale Up Torrent Pharma
Billionaire Brothers Aim To Scale Up Torrent Pharma

The Ahmedabad-based siblings behind the Torrent Group have taken a bet that could change the shape of India’s pharmaceutical sector. Riding on India’s ambition to become the “world’s pharmacy,” brothers Sudhir and Samir Mehta, who ranked No. 15 on the Forbes India Rich List 2025 with a net worth of $14.1 billion, have just taken a major step that could reshape their empire’s future.

The $1.3 billion power move

In June 2025, Torrent Pharmaceuticals, the flagship company of the Mehta brothers, agreed to buy KKR’s 46% stake in rival JB Chemicals & Pharmaceuticals for ₹11,900 crore ($1.3 billion), according to Forbes. The deal values JB Pharma at around $3 billion, which instantly makes this step one of the biggest takeovers in India’s pharma space this year.

Soon after, Torrent launched a mandatory open offer to acquire another 26% stake for around ₹6,800 crore, moving forward with a clear intent to fully integrate JB Pharma and merge it with Torrent in the near future.

According to Samir Mehta, who chairs both Torrent Pharma and the larger Torrent Group, the acquisition will give a strong boost to the company’s performance. JB Pharma’s strong India presence and global business are expected to add significant value to Torrent’s portfolio.

Torrent Pharma’s revenue rose 7% in the year ending March 31, touching ₹11,520 crore. For JB Pharma,  sales jumped 12% to ₹3,920 crore in the same period. That’s exactly the kind of growth Torrent wants to tap into.

The legacy of the Torrent group

The Torrent story began way back in 1959, when the brothers’ late father, Uttambhai Nathalal Mehta, founded the company. He started his career as a government clerk in 1944, then worked as a salesman for Swiss pharma major Sandoz. He built Torrent with a clear idea to bring world-class medicines to Indian homes. Decades later, that same vision is what Sudhir and Samir are now taking global.

Today, Torrent Group is known as one of the biggest conglomerates with sectors involving pharma, power, and gas, generating revenues of about $4.9 billion. 

Torrent Power today lights up more than 3.8 million homes across Gujarat and two other states. The company is run by Jinal Mehta, Sudhir’s elder son, while his younger son Varun Mehta serves as executive director. Samir’s son Aman serves as a director on the Torrent Pharma board. In 2021, Torrent Gas announced an investment of $1.3 billion over five years to expand CNG infrastructure across the country. And by 2022, the group entered a new line of business altogether with Torrent Diagnostic. Even after a 14% dip in their overall wealth, Sudhir and Samir Mehta ranked on 504 among global billionaires of 2025.

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This article was first uploaded on October fifteen, twenty twenty-five, at twenty-two minutes past three in the afternoon.
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