JP Taparia is an Indian industrialist. He is the founder and chairman of Famy Care Ltd., a healthcare company that manufactures hormonal and female reproductive health products, including emergency contraceptive pills.
Wiki/Biography
JP Taparia, also known as Jyotiprasad Taparia, was born in 1945 (78 years old; as of 2023).
family
Taparia belongs to the Marwari family of engineers.
Parents and siblings
There is not much information about his parents and siblings.
wife and children
JP Taparia has two sons; however, there is not much information about his wife and marital status. His son Sanjeev Taparia serves as the Managing Director of Famy Care Ltd., while his son Ashutosh Taparia serves as the Managing Director of Famy Care Ltd. and Ananta Capital.
JP Taparia (centre) with his sons Sanjeev Taparia (left) and Ashutosh Taparia (right)
Profession
family care
JP Taparia worked in his family’s hand tools and engineering business until 1990. On September 28, 1987, Jyotiprasad started his business by founding Famy Care Ltd., which became the global leader in the production of oral contraceptives for women. Famy Care entered into a technology partnership with Finland’s Lieras Oyand in 1991 and subsequently achieved a major milestone by becoming the first Indian pharmaceutical company to supply contraceptive devices to the Indian government. In 1996, Taparia’s sons Sanjeev Taparia and Ashutosh Taparia joined Famy Care and identified a need for oral contraceptives, helping the company expand beyond intrauterine devices (IUDs), which the Indian government had Also very high. Mala D is an oral contraceptive used to delay menstruation or reduce the frequency of menstruation, and it has proven to be a successful move. With the success of Mala D tablets, Famy Care began exporting its products to other Asian and African countries. The company’s business expanded rapidly, and in 2010, private equity firm AIF Capital invested US$40 million for a 17.5% stake in the company. Famy Care’s strategy is to offer a variety of birth control options, starting with injectables and progressing to oral pills and finally condoms. A focus on diversification and expanding product offerings is a key factor in the company’s success in the industry.
director
JP Taparia has served as a director of several companies, including Gyan Plantations Private Limited (May 2, 1995 to August 13, 2022), Kenpack Pharma Private Limited (July 4, 1997 to September 9, 2022) , Integrated EduTeam Solutions Private Limited (April 26, 2011 to August 12, 2022 October 2019), Everplus Estates Limited Liability Partnership (June 18, 2013 to January 9, 2022) and Tarakesh Pharma Private Limited (June 14, 2022 to March 30, 2023).
Facts/Trivia
- In March 2023, the Taparia family made history by sealing India’s most expensive apartment deal to date. They paid more than Rs. for a luxurious sea-view triplex apartment on the 26th to 28th floors of the Lodha Malabar residential building, located in the prestigious Malabar Hills neighborhood of south Mumbai. 369 crores. Offering stunning views of the Arabian Sea and Hanging Gardens, it is ideally located opposite the Governor’s Residence. Registration of the transaction took place on March 29, 2023, and the family paid stamp duty of approximately Rs 10 lakh. 19.07 million towards its registration.
- The Taparia family is one of the highest tax-paying families in India.
Categories: Biography
Source: HIS Education