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Anji Reddy's death personal loss: Orchid's Raghavendra Rao

Source : IANS
Last Updated: Fri, Mar 15, 2013 16:20 hrs

Chennai, March 15 (IANS) Terming the death of Dr.Reddy's Laboratories founder Kallam Anji Reddy a "personal loss", Orchid Chemicals and Pharmaceuticals Ltd chief K. Raghavendra Rao said he was a combination of a good leader, pioneer, businessmen, friend, mentor, and human being in one.

"Reddy looked at two things ahead of times. While he spotted the potential in generic drugs, Reddy also focussed on basic research and licensed molecules to major pharma companies," Raghavendra Rao, chairman and managing director at Orchid, told IANS.

"Reddy's passing away is a personal loss for me. In 2008, when I faced a crisis in relation with my shareholdings, Reddy flew down to Chennai and advised me on managing them. He also gave me tips on how corporates could be socially responsible. Some of the tips are being implemented near our plant here," he added.

Reddy died in Hyderabad Friday. He was 73.




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