Dr. Reddy’s Laboratories Announces Dr. K. Anji Reddy Has Passed Away

  Dr. Reddy’s Laboratories Announces Dr. K. Anji Reddy Has Passed Away

Business Wire

HYDERABAD, India -- March 15, 2013

Dr. K. Anji Reddy, Founder & Chairman of Dr. Reddy’s Laboratories Ltd., passed
away this evening in Hyderabad. He was ailing for some time.

Dr. Reddy’s mission in life was to provide innovative new medicines at a price
that the common man could afford. His passion for research became legendary
when Dr. Reddy’s Laboratories Ltd. became the first pharmaceutical company of
India to initiate basic drug discovery research in 1993. A B.Sc graduate from
Bombay University with specialization in Pharmaceutical Science and Fine
Chemicals, Dr. Reddy obtained his Ph.D in Chemical Engineering from National
Chemical Laboratory, Pune. Soon after his studies, he served in the
state-owned IDPL before he founded the company in 1984.

Under his leadership, the company became a pioneer and trendsetter in the
Indian pharmaceutical industry. Dr. Reddy also set-up the "Institute of Life
Sciences" at Hyderabad, which is a public-private partnership with the
Government of Andhra Pradesh for carrying out cutting edge research in Life
Sciences. Critically aware of his own responsibility to society, Dr. Reddy in
the last decade was renowned for his outcome based institutionalized
philanthropy that positively impacted the lives of nearly 5 million
underprivileged citizens, mainly children and youth.

In 1998, Dr. Reddy set up the Naandi Foundation as a Public Charitable Trust.
Naandi is probably India's largest rural safe drinking water provider, and
gives midday meals to 1.3 million government school-going children and
farmers. Dr. Reddy took up the cause of safe motherhood and newborn care,
thereby reducing maternal and neo-natal care in India. He also spearheaded and
founded the Neo Natal Intensive Care and Emergencies called “NICE Foundation,”
the only institute for newborns in Asia that also does large scale community
outreach programs, saving a number of lives on a daily basis.

Satish Reddy, MD and COO of Dr. Reddy’s Laboratories Ltd. and son to Dr. Reddy
said: “Dr. Reddy touched millions of lives through his contribution to the
Pharmaceutical industry and his Philanthropic efforts. In improving access to
affordable, high quality medicines and in innovation, his contributions have
been extraordinary. His philanthropic initiatives made a difference in the
lives of so many Indians in the areas of livelihood, education, clean drinking
water and healthcare. A nation is grateful to a man who paved a way for the
delivery of affordable medicines to the masses and made us believe and take
pride in innovation as a means to prosperity.”

Dr. Reddy served as a Member of the Prime Minister’s Council on Trade &
Industry, Government of India. He was the Chairman of Andhra Pradesh
Industrial Development Corporation (APIDC), and President of The Indian
Pharmaceutical Alliance. He served as a Board Member of GAIN, Switzerland
(Global Alliance for Improved Nutrition) and also was on the Board of
Directors for TB Alliance, New York (Global Alliance for TB Drug Development).

In April 2011, he was honored by the Government of India with the Padma
Bhushan, one of the highest Civilian Awards in India, recognizing his
distinguished service of high order in the field of Trade and Industry. In
2012, CNBC TV18 conferred the Lifetime Achievement Award (IBLA) on him for
being a visionary who had spent a lifetime building up his company into a
colossus with a global reach putting Indian industry on the world map.

Contact:

Dr. Reddy’s Laboratories Ltd.
Media:
S Rajan, +91-40-49002445
rajans@drreddys.com