JP Taparia Wiki, Age, Wife, Family, Biography & More

JP Taparia is an Indian industrialist. He is the founder and chairman of Famy Care Ltd., a healthcare company that makes hormonal and female reproductive healthcare products including emergency contraceptives.

Wiki/Biography

JP Taparia, also known as Jyotiprasad Taparia, was born in 1945 (age 78 years; as of 2023).

Family

Taparia belongs to a Marwari family of engineers.

Parents & Siblings

There is not much information about his parents and siblings.

Wife & Children

JP Taparia has two sons; however, there is not much information about his wife and marital status. His son Sanjeev Taparia serves as a managing director at Famy Care Ltd., while his son Ashutosh Taparia serves as the managing director at Famy Care Ltd. and Ananta Capital.

JP Taparia (centre) with his sons, Sanjeev Taparia (left) and Ashutosh Taparia (right)

JP Taparia (centre) with his sons, Sanjeev Taparia (left) and Ashutosh Taparia (right)

Career

Famy Care

JP Taparia worked in his extended family’s hand tools and engineering business until 1990. On 28 September 1987, Jyotiprasad ventured into entrepreneurship by founding Famy Care Ltd., which established itself as a global leader in the production of female oral contraceptives. Famy Care formed a technological partnership with Finland’s LierasOyand in 1991 following which it achieved a significant milestone by becoming the first Indian pharmaceutical company to provide contraceptive devices to the Government of India. In 1996, Taparia’s sons, Sanjeev Taparia and Ashutosh Taparia, joined Famy Care and helped the company expand beyond Intrauterine Devices (IUDs) by identifying a need for oral contraceptive pills, which were also in high demand from the Indian government. The creation of Mala D, an oral contraceptive pill that is taken to delay the menstrual period or make the period occur less frequently, proved to be a successful move. Following the success of Mala D tablets, Famy Care began exporting its products to other Asian and African countries. The company’s operations quickly scaled up and in 2010, the private equity firm AIF Capital invested $40 million for a 17.5% stake in the business. Famy Care’s strategy was to provide a diverse range of contraceptive options, starting with injectables and progressing to oral pills and eventually condoms. This focus on diversification and expanding product offerings has been a key factor in the company’s success in the industry.

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Director

JP Taparia has served as the director of various companies including Gyan Plantations Private Limited (2 May 1995 – 13 August 2022), Kenpack Pharma Private Limited (4 July 1997 – 9 September 2022), Integrated EduTeam Solutions Private Limited (26 April 2011 – 12 October 2019), Everplus Estates Limited Liability Partnership (18 June 2013 – 9 January 2022), and Tarakesh Pharma Private Limited (14 June 2022 – 30 March 2023).

Facts/Trivia

  • In March 2023, the Taparia family made history by securing India’s most expensive apartment deal to date. They purchased a luxurious sea-view triplex apartment from the 26th to 28th floors in the Lodha Malabar residential tower, located in the prestigious Malabar Hill neighbourhood of south Mumbai, for over Rs. 369 crores. Boasting stunning views of the Arabian Sea and the Hanging Gardens, the prime location is situated opposite the governor’s estate. The registration for the deal took place on 29 March 2023, and the family paid a stamp duty of around Rs. 19.07 crore for its registration.
  • The Taparia family is one of India’s highest tax-paying families.

Categories: Biography
Source: dienchau2.edu.vn

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