Chairman of Cadila Pharmaceuticals Indravadan A. Modi passes away

Ahmedabad, 26 November 2012

-Cremation of the Legend of the Indian Pharma Industry at company’s Dholka campus near Ahmedabad on Wednesday, November 28, 2012

-Darshan 9:00 am onwards, Cremation at 5:00 pm

• Revered as the Champion of Indian Patents Act, 1970 which helped the Indian Pharmaceuticals Industry in attaining its present global status.

• Played a major role in giving shape to the 1986 Drug Policy of Government of India.

• Effectively championed the cause of national sector of the pharma industry and became a rallying point against the new patent regime during its consideration stages.

• Represented the National Working Group on Patent Laws, India (NWGPL) and Indian Drug Manufacturers’ Association (IDMA) at Delhi in 1993.

• Key promoter of the B. V. Patel Pharmaceutical Education and Research Development Centre (PERD).

• Led and served at key positions at Indian Drug Manufacturing Association (IDMA), CHEMEXCIL, Ahmedabad Management Association (AMA)

• Under his leadership AMA scaled new heights by introducing diploma programme for management studies

• Served many social noble cause even before the introduction of concept of Corporate Social Responsibility

Ahmedabad: Veteran industrialist and the pioneer of Indian Pharmaceuticals industry Shri Indravadan Modi- the Chairman of Cadila Pharmaceuticals and group companies passed away on November 26, 2012. He was 87.

Born in a small village of Hansot of Bharuch district in South Gujarat on February 18, 1926, Shri Modi has left a long lasting impact on Indian Pharmaceuticals industry and was very active till the last moment.

In newly independent India, when the myth was prevalent that Indian companies can not make medicines and ‘angrezi dawa’ was the word for allopathic medicine, Shri Modi dared to foray in Pharmaceutical industry and established Cadila and initiated a new era of Pharmaceutical industry in the country. His entrepreneurship inspired many new young technocrats to venture into Pharma industry, which ultimately led India to self reliance in the Pharmaceutical Industry.

Mr. Modi is revered in the Indian Pharmaceutical Industry as the Champion of Indian Patents Act, 1970 which helped the Indian Pharmaceuticals Industry in attaining its present global status. He played a major role in giving shape to the 1986 Drug Policy of Government of India.

His contributions are widely acclaimed in the industry circles. Mr. Modi represented the National Working Group on Patent Laws, India (NWGPL) and Indian Drug Manufacturers’ Association (IDMA) on the subject “Patent Regime” proposed in the Uruguay Round at Delhi 1993.

He effectively championed the cause of national sector of the pharma industry and became a rallying point against the new patent regime during its consideration stages. He was also member of many educational and social organizations and government bodies.

Mr. Modi was one of the key promoters of the B. V. Patel Pharmaceutical Education and Research Development Centre (PERD). Located in Ahmedabad the Centre is a forum for Industry-Academia interaction. Conceptualized as the confluence of Pharmaceutical Education, Training and Research; the Centre offers core and advanced courses in doctorate and post doctorate programmes in Pharmaceutical Sciences.

During his tenure from 1991 to 1993, AMA scaled new heights by introducing diploma programme for management studies and floating a centre for career development. AMA was adjudged as the Best Local Management Association in the country.

Under his leadership Cadila Pharmaceutical achieved new milestones and offered many innovative and ‘firsts in the world’ medicines to the mankind including Rabeprazole in IV form for upper GI bleeding, Polycap for prevention of cardiovascular diseases, Risorine with booted Rifampicin for the treatment of Tuberculosis etc. He also has the credit to bring cutting edge technology VPL Virus Like particles) for vaccine manufacturing in India.

He has been felicitated by many prestigious awards for his outstanding contribution to Pharma Industry.

Long before the concept of Corporate Social Responsibility became an intensive subject of national debate at management and business forums, Mr. Modi was practicing it silently and consistently to support the noble social causes. In 1985, he established Kaka-Ba hospital with ultramodern facilities to serve the needy poor patients.

Shri Indravadan A Modi: The medicine man of India