India is never behind in any industry because of the great entrepreneurs we have. Today in this write-up, I will tell the story of the spirit behind a company like PharmEasy. The journey and the struggle are commendable and need to be talked about, so here I am presenting Siddharth Shah Biography to learn and understand the building story of India’s number one Healthcare Platform.
Table of Contents
- Siddharth Shah is the son of Dr. Bhasakr Shah, the founder of Ashirvad Hospital, Asian Heart Institute, and Jupiter Hospital
- During the final project of his MBA, Siddharth Shah was suggested by his professor that he should test his idea and incorporate a company and hence he founded Dial Health which failed.
After that, he founded Ascent Health and Wellness and PharmEasy, and boom the path of success and line of acquisitions was increasing day by day.
Siddharth Shah Biography
Siddharth Shah was born on 31 July 1988 in Ghatkopar, Mumbai, India. He was born and raised there. From the beginning, he had a clear vision of his career after completing his education to do something of his own and not run toward a job. His vision ultimately took birth as PharmEasy.
Siddharth Shah is the founder and CEO of PharmaEasy which is India’s largest Healthcare platform with multiple other companies he has built. As of 2023, Siddharth Shah age is 35 years and he has successfully built and is leading India’s largest Healthcare Platform.
|Full Name||Siddharth Shah|
|Date of Birth||31 July 1988|
|Age||35 Years (As of 2023)|
|Birthplace||Ghatkopar, Mumbai, India|
|Residence||Mumbai, Maharashtra, India|
|Father’s Name||Dr. Bhaskar Shah|
|Mother’s Name||Dr. Jasmine Shah|
|Qualification||Computer Engineering and MBA|
|College Name||MBA – Indian Institute of Management, Ahmedabad|
|Business Name||API Holdings (Parent company of PharmEasy)|
|Current Position||Co-Founder & CEO|
|Net Worth||Rs 4,000 Crore|
Siddharth Shah Education
Siddharth was born and raised in Mumbai along with his 4 friends Dharmil Sheth, Dhaval Shah, Harsh Parekh, and Hardik Dedhia they all completed their early education in Mumbai and were raised together which led to stronger friendship between all of them.
After schooling, only Dhaval Shah did MBBS while all 4 did engineering including Siddharth Shah, and all 4 also did MBA. Siddharth Shah also did engineering and computer science and then enrolled himself at the Indian Institute of Management, Ahmedabad in 2010 which he completed in 2012.
Siddharth Shah Family
In Siddharth Shah family, there are his parents and other members. Siddharth Shah’s father’s name is Dr. Bhaskar Shah who is the founder of Ashirvad Hospital, Asian Heart Institute, and Jupiter Hospital and his mother’s name was Dr. Jasmine Shah.
Dr. Bhaskar belonged to a poor family and was the only person to get a proper education due to his own hard work that ultimately led him to become a successful Cardiologist as well as an entrepreneur. Siddharth Shah’s parents had full faith and trust in him and thus even after initial failures, they kept supporting him. In fact, Siddharth Shah’s parents also funded his business initially.
Siddharth Shah Career
During his final time at IIM, he was working on a project like everyone else for marks and placement. His professor Anil Gupta suggested Siddharth only keep it a project and make it a company, he understood and registered the company – DialHealth. The simple idea behind DialHealth was to provide Pharmacy online and make it accessible for every needy person as India’s first online pharmacy.
In order to set up and execute DialHealth, Siddhart approached his Carnegie Mellon University graduate friend Hardik Dedhia. Siddharth Shah and Hardik Dedhia founded Dial Health Care India Pvt Ltd in June 2012.
Unfortunately, Dial Health failed and again Siddharth was ready to take a fly with another venture. In August 2013, they founded Ascent Health and Wellness with the concept that any drug would be delivered within 4 hours to the retailers. Rapidly a large network of retailers was built.
In 2015, two more friends Dharmil Sheth and Dhaval Shah joined them and the PharmaEasy was born. Soon PharmaEasy became India’s most trusted online pharmaceutical brand. The race toward success had now begun and Siddharth was never going to stop.
In 2017, Sidharth Shah PharmEasy launched a tech-enabled platform Retialio to accelerate the technology adoption in the pharma business that eventually helped a well-defined and managed structure.
In 2016, they acquired DocOn which was a Doctor Consultation platform, then in late 2020 Medlife, and on 25 June 2021, they acquired diagnostic chain Thyrocare for Rs 4,546 Crore.
In order to manage all these companies, in June 2020, all the founders established a parent company named API Holdings.
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Siddharth Shah PharmEasy
After launching API Holdings in 2020, Siddharth Shah PharmaEasy became a unit of the company along with others. Siddharth Shah PahrmaEasy became the leading online pharmacy in India in December 2020 while Ascent became the leading wholesaler of pharmaceutical GMV products in India.
Must Read: Top 10 Pharma Companies of India in 2023
Siddharth Shah Net Worth
The estimated Siddharth Shah net worth is approximately Rs 4,000 Crore and possibly more than that. He is the founder and CEO of API Holdings which has multiple units including Ascent, PharmEasy, Retailio, Docon, Thyrocare, Medlife, etc.
Must Read: Top 12 Business Leaders In India 2023 – Inspiration For Youth
Siddharth Shah Awards & Recognitions
In this PharmEasy founder Siddharth Shah biography, I have shared his commendable journey of entrepreneurship and for ultimate contribution to the healthcare industry, he has been honored with several awards and honors. So here I am sharing the list of Siddharth Shah awards & recognitions below.
- The Economic Times 40 Under 40 – 2020
- Entrepreneur 35 Under 35 – 2023
Check Also: Who Has Been Featured On The Entrepreneur 35 Under 35 List of 2023?
Siddharth Shah Social Media
Through this Siddharth Shah PharmEasy success story, I have shared all the crucial details about the serial entrepreneur and you might be interested in following him as he is available on various social media platforms including Instagram, Facebook, Twitter, LinkedIn, etc. where you can follow the page of PharmEasy.
Siddharth Shah PharmEasy Instagram username is @pharmeasyapp and it has more than 75.8K followers. Its Facebook username is PharmEasy and it has 145K followers on Facebook. Its Twitter handle name is @pharmeasyapp and it has more than 10.1K Followers on Twitter.
Siddharth Shah LinkedIn username is Siddharth Shah and he has more than 6,678 followers and 500+ connections on LinkedIn.
Want To Know: Who has been named to Forbes 30 Under 30 List?
Interesting Facts About Siddharth Shah
Through this PharmEasy Founder Siddharth Shah biography, I have tried my best to provide you with all the crucial details about the entrepreneur and thus you must have read up on these facts about Siddharth Shah. So here I am sharing some interesting and lesser-known facts about Siddharth Shah.
- He studied Computer Engineering at graduation and then enrolled at the Indian Institute of Management, Ahmedabad for an MBA.
- His first startup was Dial Health which idea came from his MBA project.
- His professor Anil Gupta suggested Siddharth incorporate his project.
- Siddharth Shah’s father’s name is Dr. Bhaskar Shah who is the co-founder of Ashirvad Hospital, Asian Heart Institute, and Jupiter Hospital.
- Siddharth Shah, Dharmil Sheth, Dhaval Shah, Harsh Parekh, and Hardik Dedhia are the co-founders of API Holdings and they are childhood friends.
- They all hold equal equity in the company.
- They are all named to the Entrepreneur 35 Under 35 list of 2023.
Read Also: Who has been named to Fortune India 40 Under 40?
Through this PharmEasy founder Siddharth Shah success story, we have learned that standing on your self-confidence and self-belief will never let you down as an entrepreneur. Whether you have to face some failures coming back will lead you to immense success.
In this Siddharth Shah biography, I have shared all the details about him including Siddharth Shah date of birth, Siddharth Shah age, Siddharth Shah education, Siddharth Shah career, Siddharth Shah companies, Siddharth Shah PharmEasy, Siddharth Shah net worth, Siddharth Shah awards & recognitions, Siddharth Shah social media, facts about Siddharth Shah, etc.
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Hope this Siddharth Shah PharmEasy success story was inspirational for you and the content I have provided was also useful and informative enough for you. Thanks for reading.