Hyderabad: K Nityananda Reddy, vice chairman and director of pharmaceuticals firm Aurobindo Pharma, was shot at here on Wednesday morning by an unidentified man, police said.
The assailant reportedly fired three shots at Reddy's car when he was about to leave KBR Park near posh Banjara Hills after morning walk.
Police, who have launched a probe into the incident that took place at around 7:00 am, said Reddy escaped with minor injuries.
City Police Commissioner said the man ran towards the other side of the road after a scuffle with Reddy and his brother during which he opened fire.
The attacker left behind an AK-47 rifle which the Police Commissioner said was reported missing an year ago.
"One person tried to kidnap him (Reddy). However, he resisted his attempt. Following this, the person fired in air and also at his car. Three rounds were fired in the process before he fled the scene," Assistant Commissioner of Police, Banjara Hills, Uday Kumar Reddy said.
According to an eyewitness, the unidentified attacker sat in Reddy's car and then threatened him with an AK-47 rifle. However, Reddy's brother, who was sitting in the car's rear seat, tried to resist the attacker's attempt. In the scuffle, the attacker fired some rounds at the car's windshield.
Later, the weapon was seized from the car, police said.
"Suddenly this man came and threatened me with the gun. I tried to catch hold of the weapon and also shouted for help and my brother tried to catch him. The person fired some rounds at my car before fleeing," Reddy told reporters after the incident.
The police would also look into the involvement of Maoists in the incident.
Aurobindo Pharma is India's fourth biggest drugmaker by market value.
(With agency inputs)