BUSINESS

Introducing the wealthiest guy in Pune, who founded the biggest pharmaceutical firm in the world and has a net worth of Rs 166500 crore

The managing director and chairwoman of the Serum Institute of India (SII) is Cyrus Poonawalla, a resident of Pune. His efforts to the development of vaccines in India are widely recognized, and he stands to gain the most from the company’s increasing sales and profits.

He remains the third wealthiest Indian, according to the Hurun ranking. His wealth has grown significantly, rising 36% to Rs 2.78 lakh billion.

As the head of the Serum Institute of India during the COVID-19 pandemic, Dr. Cyrus Poonawalla, who was 82 years old, played a key role in the large-scale development of the Covishield vaccine. His significant contributions to international immunization programs not only highlighted his pivotal role in the pharmaceutical sector but also won him the Padma Bhushan award in 2022, recognizing his outstanding service in the industry.

His son, Adar Poonawalla, serves as CEO of the company. The Serum Institute has the distinguished distinction of being the world’s largest manufacturer of vaccines. Surprisingly, the Serum Institute continues to have the well-known title of being the largest vaccine manufacturer in the world.

A legal disagreement about the ownership of the property prevents him from using the apartment.

Forbes claims that Poonawalla is the son of a horse breeder. He founded the Serum Institute of India in 1966. Every year, the firm generates around 1.5 billion doses. These dosages provide defense against the flu, polio, and measles.

He also has a sizable stake in Poonawalla Fincorp, a publicly traded financial services firm. The widespread use of the Covid-19 vaccinations developed by the SII is the primary cause of Cyrus Poonawalla’s recent financial success.

Cyrus Poonawalla received his bachelor’s degree from Pune University. Later on, he received a PhD from the same institution. He received an honorary degree from the University of Oxford in the United Kingdom.

There was a man named Soli Poonawala who was a horse breeder. His wife, Villoo Poonwalla, passed away in 2010.

The daughter-in-law of Cyrus Poonawallah International fashion star and entrepreneur Natasha Poonawala.

Forbes estimates that he is worth $20.9 billion. That comes to almost Rs. 1,66,500 crore.

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