According to multiple media reports, Adar Poonawalla, the CEO of Serum Institute of India, was in negotiations with Diageo Plc, the owners of Royal Challengers Bengaluru (RCB), to potentially purchase the Indian Premier League’s (IPL) 2025 champion. Whether Diageo Plc intends to sell all of its shares in RCB is still unclear. United Spirits is a subsidiary of Diageo Plc.
Adar Poonawalla is the front-runner among other interested parties to acquire RCB, according to media reports, according to people familiar with the situation. According to media sources, the British multinational alcoholic beverage business is seeking a valuation of about $2 billion for RCB. According to Houlihan Lokey’s IPL Valuation Study 2025 report, RCB was the most valuable company this year, even in terms of business value.
IPL Valuation Study 2025 report
In its IPL Valuation Study 2025 report, Houlihan Lokey, a global, independent investment bank established in 1972, said that RCB’s performance went beyond the boundary. Off the pitch, the team expanded match-day experiences and grassroots projects throughout Karnataka, and it welcomed tech innovator Nothing as an associate sponsor.
RCB’s brand equity has been boosted by these community-driven initiatives, astute digital marketing, and the timeless appeal of international superstars.In February, private equity firm CVC Capital Partners agreed to sell the Gujarat Titans (GT) a 67% share to Ahmedabad-based Torrent Group through its holding company Torrent Investments.
GT is valued at about INR 7,453 crore, while this deal was valued at about INR 5,000 crore. Conversely, Diageo Plc officially joined the FIFA World Cup 26 as a North, Central, and South American tournament sponsor in June.
The recent FTA (foreign trade agreement) with the UK, which reduced the tax on importing Scotch in bulk, and the negative publicity following the M Chinnaswamy Stadium stampede, according to Ajimon Francis, managing director of Brand Finance, a valuation and strategy consultancy, could put pressure on the company’s margins because of increased competition.
“Some south-based conglomerate might be the first set of potential bidders,” Francis stated, adding that it might also be a group of investors, as was the case with GT. In general, RCB’s social media fan engagement, fan clubs, and fan groups are the foundation of its brand appeal.
The second lever that RCB has is Bengaluru’s pricing power, which draws corporate interest because it has one of the highest average revenues per seat among IPL sites, according to Francis. In a recent post on X, former IPL chairman Lalit Modi stated that there have been numerous rumours regarding the sale of an IPL franchise, notably @RCBTweets, but that these have previously be– it could be the only team which would be available as a whole as an IPL franchise.”
Quick Shots
•Adar Poonawalla, CEO of Serum Institute, is in
talks with Diageo Plc to acquire Royal Challengers Bengaluru (RCB).
•Diageo seeks around $2 billion for RCB, currently
the most valuable IPL team according to Houlihan Lokey IPL Valuation Study
2025.
•Poonawalla is reportedly the leading bidder among
multiple interested parties.
•Boosted by community initiatives, grassroots
projects, digital marketing, and international stars.
Indian billionaires have carved a niche in global luxury real estate by combining opulence, strategic investments, and immense wealth. Whether in Mumbai’s bustling streets or the quiet countryside of Switzerland, these magnates’ properties embody their global influence and architectural marvels. In addition to serving as personal retreats, their residences showcase a blend of cultural heritage and modern luxury, often located in the world’s most coveted locations.
In this article, we take you inside the most stunning homes owned by Indian billionaires. Think palatial estates, futuristic penthouses, and historic villas, each with its own story of ambition, prestige, and India’s rising global influence.
Mukesh Ambani, chairman of Reliance Industries and India’s richest man with a net worth of $113.6 billion (as of 2025), is not just known for his business expertise, but also his taste in real estate is just as headline-worthy. From owning one of the most expensive private residences in the world to acquiring luxury properties in global hotspots, Ambani’s real estate empire is a reflection of both personal lifestyle and business foresight.
Antilia
Mukesh Ambani’s Antilia
At the heart of his real estate portfolio is Antilia, a 27-story vertical mansion located on Altamount Road, Mumbai, one of the most expensive addresses in the world. Valued at approximately INR 15,000 crore, the skyscraper mansion is a marvel of modern architecture and luxury.
Designed by Perkins & Will and built by Leighton Holdings, Antilia spans 400,000 square feet and includes a multi-level garage for 168 cars, a three-helipad rooftop, a private movie theater with 50 seats, a snow room, multiple swimming pools, a yoga studio, and a multi-level garden. It’s not just a home; it’s a statement of ambition, scale, and wealth.
Palm Jumeirah Villas
In 2022, Ambani made waves when he entered the Middle Eastern property market with not one but two back-to-back acquisitions on Palm Jumeirah, one of the world’s most exclusive man-made islands in Dubai. Just a few months later, Ambani purchased a second beachfront property nearby, setting a new record for Dubai’s residential market.
Stoke Park
In 2021, Ambani expanded his empire into the UK with the acquisition of Stoke Park Estate, a 300-acre Georgian-era property located in Buckinghamshire, England. This acquisition aligns with his broader investments in lifestyle and leisure businesses, further diversifying Reliance’s global portfolio.
Mandarin Oriental, New York
Ambani also has a strategic stake in the United States through his acquisition of a majority interest in the iconic Mandarin Oriental Hotel in New York. In 2022, Reliance Industrial Investments and Holdings (RIIHL), a subsidiary of Reliance Industries, purchased the hotel for $98 million. The 248-room hotel is located at Columbus Circle in Manhattan and offers sweeping views of Central Park and the Hudson River.
In 2023, industrialist Pankaj Oswal, known for his ventures in the fertilizer and energy sectors, made headlines across Europe and India with one of the most extravagant real estate purchases of the year. He acquired Villa Vari, a palatial estate nestled in Gingins, Switzerland, between Geneva and Lausanne.
The property, estimated to be worth INR 1650 crore, is among the most expensive private residences in the region. Villa Vari spans 40,000 square meters and offers breathtaking views of Mont Blanc. This acquisition places Villa Vari among the world’s top 10 most expensive private residences.
Adar Poonawalla
Adar Poonawalla, the CEO of Serum Institute of India—the world’s largest vaccine manufacturer entered the elite real estate circuit of London in late 2023 with the acquisition of Aberconway House, a historic mansion near Hyde Park. Purchased for a staggering £138 million (approx. INR 1,446 crore), this 25,000-square-foot estate was previously owned by Polish billionaire Dominika Kulczyk.
The acquisition places Poonawalla among a growing list of Indian billionaires investing in global trophy properties, particularly in London’s exclusive neighborhoods. Known for his refined taste in luxury cars and architecture, Poonawalla’s new residence is another reflection of his affinity for timeless grandeur and international status.
Ravi Ruia, co-founder of the Essar Group, created ripples in the UK real estate market with his purchase of Hanover Lodge in Regent’s Park, London, for £113 million (approx. INR 1,200 crore) in 2023. This estate holds the title of the most expensive mansion sold in the UK that year, and rightfully so.
The palatial residence was previously owned by Russian billionaire Andrey Goncharenko, and its rich neoclassical architecture is a tribute to 19th-century European design. Set within expansive, manicured gardens, Hanover Lodge includes a swimming pool, spa, private screening room, and exquisitely decorated salons filled with antique European art and bespoke furniture. Ruia’s acquisition highlights a growing trend of Indian billionaires reclaiming elite global properties in a post-pandemic world where luxury real estate has once again become a symbol of global economic influence.
Lakshmi Mittal
Lakshmi Mittal’s Kensington Palace Gardens
A tribute to Lakshmi Mittal’s status as one of the world’s most powerful steel executives is his investment in Kensington Palace Gardens, one of the world’s most prestigious streets. Mittal owns multiple properties here, but his most iconic acquisition is the mansion at 18–19 Kensington Palace Gardens, bought for £117 million (approx. INR 1,150 crore) in 2008.
The 12-bedroom estate features marble sourced from the same quarry as the Taj Mahal, a deliberate nod to his Indian roots. In 2013, he gifted this mansion to his son, Aditya Mittal, as a wedding present.
The home includes indoor pools, Turkish baths, ballrooms, and an array of opulent chambers showcasing European and Mughal-influenced interiors. For Mittal, these residences are not just living spaces but enduring symbols of success, culture, and global standing.
Hinduja Brothers
Hinduja, one of the wealthiest families in both the UK and India, owns the majestic Carlton House Terrace in London with a net worth exceeding £37.1 billion. It’s a six-storey Georgian mansion, actually an interconnected block of four townhouses, just steps from Buckingham Palace.
Purchased in 2006, the property underwent a £50 million renovation, transforming it into a residence that marries historical grandeur with cutting-edge technology. The restoration involved conservators, artisans, and historians to preserve the building’s 19th-century charm while integrating modern luxuries like automated climate control, home theaters, and a private spa.
Gautam Singhania
Gautam Singhania’s Luxury House
Gautam Singhania, Chairman and Managing Director of the Raymond Group, is known for his taste in luxury, whether it’s bespoke fashion, rare supercars, or prime real estate. True to that reputation, his Mumbai residence is a 30-storey skyscraper located on Altamount Road, one of India’s most exclusive and expensive residential areas, often compared to London’s Billionaires’ Row.
Valued at a jaw-dropping INR 6,000 crore, it is the second most expensive private residence in India, just behind Mukesh Ambani’s Antilia. This towering mansion isn’t just a residence, it’s a vertical palace that redefines urban luxury.
Anil Ambani
As former chairman of Reliance Communications, Anil Ambani continues to live a life of grandeur reflected in his 17-storey residence in Bandra, one of Mumbai’s most coveted neighborhoods and home to many celebrities.
This newly built home, which he shares with his wife Tina Ambani, a former Bollywood actress and philanthropist, is worth possibly INR 5,000 crores, making it the third most expensive private residence in India, after Antilia and Gautam Singhania’s Altamount Road tower.
Built as a luxury high-rise, this 17-floor mansion sprawls vertically, a hallmark of Mumbai’s elite real estate culture where land is scarce but vertical space is limitless. Each floor in the Ambani residence is tailored with ultra-premium amenities, the kind you would only expect in a seven-star hotel.
Conclusion
There is a story behind every property that reveals its global reach and personal legacy. As India’s economic influence grows, so does the architectural imprint of its wealthiest citizens are creating skylines and redefining luxury across the world.
Which Indian billionaires are known for owning exceptionally luxurious homes globally?
The article highlights Mukesh Ambani, Pankaj Oswal, Adar Poonawalla, Ravi Ruia, Lakshmi Mittal, the Hinduja Brothers, Gautam Singhania, and Anil Ambani as Indian billionaires with extravagant properties worldwide.
Where are some of the key locations of these billionaires’ luxurious homes?
Their properties are located in prime areas such as Mumbai (India), Perth (Australia), London (UK) and other exclusive locations around the world.
Is Gautam Singhania’s residence as extravagant as his lifestyle?
Yes, Gautam Singhania owns JK House in Mumbai, a towering residence with multiple swimming pools, private theaters, and a unique architectural design reflecting his interests.
A philanthropist is a term related to a person who is capable of helping the needy with the resources they have, especially money. Philanthropists help needy people create a better world and, so to say, improve the economy of a country. The constant effort to promote human welfare makes a person an actual philanthropist.
India is a country that has umpteen slums in every city. People living in such slums are so poor and needy that our industrialists and rich heads come forward to help them during their hard times. In the recent times, these philanthropists donated as much as they could. Here is the top philanthropists’ list in India:
Shiv Nadar, the founder of a multi-billion company (HCL Technologies) donates a huge amount of his earnings through the foundation named after him, Shiv Nadar Foundation. The foundation’s focus is empowering individuals through education to bridge the socio-economic divide.
He is widely regarded as the biggest philanthropist in India and believes that every person should be well educated thus has the aim to establish institutions and schools in the underdeveloped and rural areas of our country. Some of his famous institutions are the SSN Institution, VidyaGyan & Kiran Nadar Museum of Art. Shiv Nadar donated 5% more than FY2023 with a total of INR 2153 crores making him the top philanthropist in India for 2024.
Mukesh Ambani and Family
Name
Mukesh Ambani
Company
Reliance Industries
Donation
INR 407 Crores
Primary Cause
Healthcare
Mukesh Ambani – Famous Philanthropist in India
Mukesh Ambani, one of the richest people in the world is also a big philanthropist who founded the Reliance Foundation, a non-profit organization in 2010. This Foundation‘s objective is to promote sustainable growth in India.
The Reliance Foundation is run by Mrs. Nita Ambani who has a focus on rural transformation, health, education, and sports for development. Every year the foundation donates an amount of approximately INR 407 crores to such programs and NGOs. Mukesh Ambani and his family are second in the top 10 philanthropists of India for 2024.
The Bajaj family, Indian philanthropists, has made notable contributions and has been actively involved in philanthropic activities in the country where they have established their business. Their charitable endeavors have demonstrated a commitment to giving back to society and have had a significant impact on the communities they serve.
Their contribution of INR 352 crore to the cause is a testament to their unwavering commitment to charity and social welfare. This achievement marks their first appearance on the prestigious list since its inception and highlights their dedication to making a tangible impact through their acts of kindness. Bajaj Family is the third in the top 10 philanthropists of India for 2024.
Kumar Mangalam Birla and Family
Name
Kumar Mangalam Birla
Company
Aditya Birla
Donation
INR 334 Crores
Primary Cause
Education
Kumar Mangalam – Famous Philanthropist in India
The chairman of Aditya Birla Group, Kumar Mangalam Birla donated a huge amount of his profits to the PM CARES FUND and helped actively people during the COVID-19 pandemic times to do the needful.
His focus is on the poor who don’t have enough financial resources to pay their hospital bills and get proper treatment. He frequently visits the Aditya Birla Memorial Hospital to check up on its welfare and services. He is one of the top philanthropists in India for 2024.
Gautam Adani
Name
Gautam Adani
Company
Adani Group
Donation
INR 330 Crores
Primary Cause
Education
Gautam Adani – Famous Philanthropist in India
Gautam Adani is a true entrepreneur in every sense. He has businesses in almost every sector. He believes a lot in helping and is always donating finances through the Adani Foundation to the needful.
Adani Foundation is based on the Gandhian Philosophy of Trusteeship. The main motive is to facilitate quality education, enable youth with skills, and promote society through infrastructural development. He also donated an amount of INR 88 Crores during the COVID-19 period to the PM Cares Fund. With a donation of INR 330 crore, Gautam Adani is the 5th in the top 10 philanthropists in India for 2024.
Nandan Nilekani is the co-founder of Infosys. In 1978, he started his career at Infosys, and now he is one of India’s biggest entrepreneurs and a big philanthropist. He and his wife started donating small amounts of their income to poor people, and in 2017, both of them decided to donate 50% of their wealth to an NPO, which is operated by Bill Gates Foundation.
Krishna Chivukula – Famous Philanthropist in India
Krishna Chivukula, chairman of INDO-MIM, has donated INR 228 crore to IIT Madras. This is the largest donation the institute has ever received. The money will be used for fellowships for top BTech students, sports programs, and important research projects. He is now ranked 7th on the list of top donors.
Anil Agarwal
Name
Anil Agarwal
Company
Vedanta
Donation
INR 181 Crores
Primary Cause
Healthcare
Anil Agarwal – Famous Philanthropist in India
Anil Agarwal founded the Vedanta foundation on 15th September 1992, to help in creating more employment for sustainable development. Vedanta Foundation aims to achieve development through programs in the form of initiatives with a broad focus mainly on education, nutrition, and livelihood. He is one of the top philanthropists in India for 2024.
Their main objective is to focus on the school children, to provide them with proper nutrition, training, and knowledge about the digital world, which helps them to grow and grab better job opportunities.
Susmita and Subroto Bagchi
Name
Susmita and Subroto Bagchi
Company
Mindtree
Donation
INR 179 Crores
Primary Cause
Education
Susmita and Subroto Bagchi – Famous Philanthropist in India
Mindtree founder Subroto Bagchi and his wife Susmita are now in the top 10 donors list. They donated INR 179 crore, 63% more than last year. They focus on education and started the Bagchi School of Public Health at Ahmedabad University in 2023.
Rohini Nilekani
Name
Rohini Nilekani
Company
Rohini Nilekani Philanthropies
Donation
INR 154 Crores
Primary Cause
Ecosystem Building
Rohini Nilekani – Famous Philanthropist in India
Rohini Nilekani, a philanthropist in India, has been a beacon of hope for those in need with her consistent and generous donations of INR 15470 crore in 2024. Her unwavering dedication towards philanthropic causes is evident from her pledge to donate half of her wealth to noble works through the ‘Giving Pledge.’ She has been actively involved in various initiatives and programs aimed at uplifting society and making a positive impact on the lives of people. Her philanthropic efforts have touched the lives of many, and she continues to inspire others to follow in her footsteps.
Azim Premji
Name
Azim Premji
Company
Wipro
Donation (FY 2023)
INR 1,774 Crores
Primary Cause
Education
Azim Premji – Famous Philanthropist in India
Mr. Azim Premji is one of the most respected Indian Business tycoons, and also a top Indian philanthropist as he’s been donating his time, money, and experience to the people who are in the utmost need.
Recently, he has donated most of his wealth to all other philanthropists so they can pass on the resources to the right place at the right time. He has a trust named Azim Premji Foundation, which gives grants to non-profit organizations that work for the most vulnerable people in our society by providing them with the essential services required to carry out a healthy life. He is considered one of the most famous philanthropist in India.
Ajay Piramal
Name
Ajay Piramal
Company
Piramal Group
Donation (FY 2023)
INR 200 Crores
Primary Cause
Healthcare, Women’s Empowerment, Education
Ajay Piramal – Famous Philanthropist in India
Ajay Piramal, who owns a business of 460 crores, is a well-known philanthropist and also believes in donating for the good. He started his philanthropic career in 2006 by forming a group named the Piramal Foundation. His main objective was healthcare. As he became a pharmaceutical company he realized the need for a better healthcare system in India.
Presently the foundation works in four areas that are: Healthcare, Education, Better Livelihood, and Youth empowerment. Ajay donates around INR 200 crores every year to India’s needy population and is counted as one of the biggest philanthropist in India.
Shrichand Hinduja – Famous Philanthropist in India
Following the legacy left by his father, Shrichand Hinduja is one of the leading businessmen and a big philanthropist in India. Hinduja Foundation was founded in 1970 with the objective of ending poverty in the country.
The foundation has done various initiatives to identify and enhance the efficiency of water usage in rural areas. They also focus on the healthcare facilities available to remote areas and help in the sustainable development of small villages and towns.
Sudhir Mehta
Name
Sudhir Mehta
Company
Torrent
Donation (FY 2023)
INR 81 Crores
Primary Cause
Community Healthcare, Education, and Knowledge Enhancement
Sudhir Mehta – Famous Philanthropist in India
Sudhir Mehta is a well-known philanthropist in India, owning the Torrent group, which deals in the gas and power business. He donates a lot to the Gujarati community and the Jain people. Sudhir helps the people by giving the poor children a proper source of education and healthy meals to eat. He dreams of achieving a 100% literacy rate in India.
Cyrus and Adar Poonawalla – Famous Philanthropist in India
Cyrus S. Poonawalla and Adar Poonawalla, who represent the Serum Institute of India, have made an outstanding contribution of INR 179 crore to the India Philanthropy List 2023. The Poonawalla brothers have been particularly focused on the healthcare industry, which reflects a remarkable 60% increase in their donations from the previous year.
Their continued support of charitable activities related to the healthcare sector is further illustrated by their additional contribution of $19.08 million from Serum Inc. and Serum Institute Life Science-UK. All these contributions from famous philanthropists are a testament to their unwavering commitment to improving the healthcare sector in India.
The nation requires philanthropists in India who give their best efforts to make the country a better place to live. Such people who are capable of helping others should be appreciated as they are the people who can transform India by filling the gaps that others cannot. The above list of philanthropists in India highlights individuals who have made significant contributions to society through generous donations, particularly in areas like education, healthcare, and research.
FAQs
Who is the greatest philanthropist in India?
Shiv Nadar is considered one of the greatest philanthropists in India, as he has donated around ₹2,153 crores in 2024.
Who is a philanthropist?
A philanthropist is a person who donates his/her time, money, experience, and skills to help create a better world.
What is an example of philanthropy?
An example of philanthropy would be giving money to charity or volunteering.
Who is India’s most charitable person?
Azim Premji, one of India’s most respected business tycoons, is widely regarded as the country’s most charitable person for his extensive philanthropic contributions.
India’s biotechnology industry is moving towards new leaps and bounds keeping with the pace of global development. The main concentration of the biotech industry is biopharmaceuticals as India is one of the largest manufacturers of generic drugs.
Adar Poonawalla one of the leading businessmen of India and the chief executing officer at Serum Institute of India, the world’s largest vaccine manufacturing company has revolutionized the way of manufacturing drugs and vaccines. Adar Poonawalla is also a big philanthropist, recently featured in Forbes Asia’s heroes list.
The Bishop’s School(Pune), St. Edmund School And University of Westminister (London)
Title
CEO & Chairman of Serum Institute of India
Parents
Cyrus Poonawalla & Villoo Poonawalla
Spouse
Natasha Poonawalla
Net Worth
13.3 Billion USD
Personal Life of Adar Poonawalla
Adar Poonawalla was born in Pune and did his early schooling at the Bishop’s School in Pune. He was then sent to St. Edmunds School, Canterbury where he completed his higher secondary education. To complete his bachelor’s degree in polytechnic he went to the University of Westminster In London. Returning he joined his father’s company.
In 2005 he met Natasha Poonawalla at a New Year party which was hosted by Mr. Vijay Mallya in Goa. The two struck together and fell in love. The couple got married in 2006 and have two children Cyrus and Darius Poonawalla.
Adar Poonawalla with Natasha Poonawalla and his Children
Career of Adar Poonawalla
In 2001, when Adar Graduated from the University of Westminister, London he joined the Serum Institute of India. At that time his company was exporting its products to 35 countries, Adar having the vision to expand the company’s international market he focused upon the licensing of drugs and getting pre-qualified by the World Health Organization (WHO) to supply for United Nations Agencies including UNICEF and PAHO.
In 2011 Adar became the CEO of Serum Institute of India and with sheer will and to make a prominent position in the biopharmaceutical company he acquired Bilthoven Biochemicals, a Netherlands-based government vaccine manufacturing company. He also launched the oral polio vaccine which was the best seller of the company in 2014.
By his reach, he expanded his exports from 35 countries to 140 countries by 2015. Adar also included vaccines for Dengue, Flu, and cervical cancer in its company portfolio. He also acquired Praha Vaccine Limited in 2017.
Adar is not only a member of Serum Institute but also a board member of the GAVI alliance, which stands for the Global Vaccine Alliance. It was a big position to stand in such a short period. He is one of India’s leading and influential people.
About Serum Institute of India
Serum Institute of India is a biotech and biopharma firm. Founded by Mr. Cyrus Poonawalla in 1966 which now is the biggest vaccine manufacturing company in the world in terms of the number of doses. The Company was recognized after they began developing an Intranasal Swine Flu Vaccine in 2009.
The company initially faced many ups and downs but after working under the guidance of Adar Poonawalla company has been recognized all over the world. The products made here include the tuberculosis vaccine Tubervac (BCG), Poliovac for poliomyelitis, and other vaccinations for the childhood vaccination schedule.
Serum Institute is presently providing the Covid-19 vaccines all over the world with the name of Covisheild. It is reported that Serum Institute will provide 100 million doses of the vaccine to India and other low and Middle income developing countries.
Philanthropy work by Adar Poonawalla
Along with being a successful businessman, Adar Poonawalla has been a big philanthropist too. He is one of the leading philanthropists of Pune, also featured in the Forbes philanthropy list of Asia’s Heroes.
Adar established The Villoo Poonawalla Foundation in 2012 in memory of his mother. The main objective was to make top healthcare services affordable to help low-income families.
Along with healthcare, they focus on educational space by educating over 49,000 students through their elementary schools. The chairperson of Villoo Foundation is Natasha Poonawalla.
Adar being in the pharmacy industry knows the value of proper sanitization and cleanliness thus has a goal to enhance the overall quality of life. He has pledged INR 1.5 crores to clean up the Pune city with a fleet of 50 Garbage trucks and a crew of 70 people to complete the job.
Adar Poonawalla Clean city Movement
He has also installed water ATM’s in the city to provide safe drinking water. He donates approximately 20% of the wealth of his income to the Villoo Foundation and has a lot of fame in the Parsi Community for his philanthropy.
Awards & Recognition of Adar Poonawalla
2016: He was awarded the Philanthropist of the year by the GQ magazine.
2017: Humanitarian Endeavour Award in the Hall of Fame Awards and also Indian of the Year in CSR Business Category on CNN-News-18
2018: ET Edge Maharashtra Achievers Awards of Business Leader of the Year which was given by former CM Devendra Fadnavis. Also awarded with CNBC Asia’s award for Corporate Social Responsibility
2021: Entrepreneur of the Year by Economic Times for manufacturing of Covishield
Adar Poonawalla has been a very successful businessman and also a true achiever who is expanding his reach by pure talent and diligence. He has helped the nation to grow and worked towards the economic development of India. Being a drug maker and saving people’s lives with his medicines he is the actual vaccine prince of India.
FAQ
What is the net worth of Adar Poonawalla?
The net worth of Adar Poonawalla is $12 billion.
Who is the father of Adar Poonawalla?
Cyrus S. Poonawalla is the father of Adar Poonawalla.
What is the age of Adar Poonawalla?
Adar Poonawalla was born on 14 January 1981 and is 40 years old.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved bySerum Institute of India.
India has reported more than 19 million cases since the pandemic started, second only to the United States. There have also been over 200,000 deaths recorded. A total of 150 million vaccine shots have been administered, covering 11.5 percent of India’s 1.3 billion population. Serum Institute of India is India’s leading biotechnology firm, producing highly advanced life-saving biologicals such as vaccines, antisera, and other medical specialties using cutting-edge genetic and cell-based technologies. Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals
Serum Institute of India Pvt. Ltd. is now the world’s largest vaccine manufacturer, with more than 1.5 billion doses manufactured and distributed worldwide.
Know the complete Success story of Serum Institute and get a glance on on how Serum Institute started, its revenue, business model, its role in Covid-19 vaccine development, competitors & more…
May 2021 – CEO Adar Poonawalla, who has been in the United Kingdom on an extended stay to avoid alleged threats in India over rising demand for COVID-19 vaccines, has announced that he will return in a few days.
Had an excellent meeting with all our partners & stakeholders in the U.K. Meanwhile, pleased to state that COVISHIELD’s production is in full swing in Pune. I look forward to reviewing operations upon my return in a few days.
Serum Institute of India Pvt. Ltd. is now the world’s largest vaccine manufacturer, with more than 1.5 billion doses manufactured and distributed worldwide, including Polio vaccine, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps, and Rubella vaccines.
Serum Institute vaccines are administered to approximately 65 percent of the world’s children. The Serum Institute’s vaccines are approved by the World Health Organization in Geneva and are used in over 170 countries around the world as part of their national immunization programmes, saving millions of lives.
The Serum Institute of India uses cutting-edge technology to scan its goods for minute particles that are undetectable by the naked eye. The inspection is completely automated, with high resolution CCD cameras and an electronic monitored panel, reducing the margins of human error.
Tetanus antitoxin, snake antivenom, DPT vaccine, and MMR vaccine were among the first drugs manufactured in large quantities by the Serum Institute of India. Vaccines against bacterial and viral infections, combined vaccines, influenza vaccine, and meningococcal vaccine were added to the company’s product line.
Serum Institute’s mission is to develop high-quality vaccines and make them affordable to a wide range of countries, allowing them to increase their Health Index. The Serum Institute was founded to ensure that vaccines are no longer a privilege for Indian children.
Serum Institute began supplying high-quality, but affordable vaccines to many countries around the world after achieving this aim. International agencies such as the WHO, PATH, NIH, NVI/RIVM, and CBER/USFDA have collaborated with Serum Institute to produce vaccines against Meningococcal A, H1N1 Influenza, Rotavirus, and other diseases.
Serum Institute of India – Name, Logo and Tagline
Serum Institute of India’s tagline says, “Serum – Protection from birth onwards”. The company is the world’s largest vaccine manufacturer and produces vaccines(including Polio vaccine, Diphtheria, Tetanus, Pertussis, Hib, BCG, r-Hepatitis B, Measles, Mumps, and Rubella vaccines) that protect people from birth onwards.
Serum Institute Logo
Serum Institute of India – Founder and History
Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals that were in short supply in India and had to be imported at a high cost.
Founder of SII – Dr. Cyrus Poonawalla
Following that, many life-saving biologicals were produced at reasonable prices and in large quantities, resulting in the country being self-sufficient in Tetanus Anti-toxin and Anti-snake Venom serum, then DTP (Diphtheria, Tetanus, and Pertussis) vaccines, and finally MMR (Measles, Mumps, and Rubella) vaccines.
Vaccines against bacterial and viral infections, combined vaccines, influenza vaccine, and meningococcal vaccine were added to the company’s product line. Apart from vaccines, the company also produces antisera, blood plasma, and hormones. The Serum Institute of India’s vaccines has been used in international vaccination programs run by the World Health Organization (WHO), UNICEF, and the Pan American Health Organization as of 2014. (PAHO). The Poonawalla Group now runs the Serum Institute of India, which is involved in research, production, and manufacturing.
In 2009, the company started working on a swine flu vaccine that would be administered intranasally. Bilthoven Biologicals, a pharmaceutical firm in the Netherlands, was the company’s first foreign purchase in 2012.
The Serum Institute of India developed Rabies Human Monoclonal Antibody (RMAb), also known as Rabishield, with help from Mass Biologics of the University of Massachusetts Medical School in the United States.
CEO of SII – Adar Poonawalla
By 2020, the company will have developed 1.5 billion vaccine doses each year, making it the world’s largest vaccine manufacturer by amount of doses produced. Tuberculosis vaccine Tubervac (BCG), poliomyelitis vaccine Poliovac, and other childhood vaccines are among the products created.
Serum Institute of India – Covid 19 Vaccine Development
AstraZeneca, a British-Swedish multinational pharmaceutical firm, has teamed up with Oxford University to grow AZD1222. According to reports, Serum Institute will provide India and other low- and middle-income countries with 100 million (10 crores) vaccine doses.
By the end of 2021, the target had been raised to one billion doses. It’s expected to cost about $3 per dose or around 225 dollars. Trials were suspended by DCGI in September 2020 after a volunteer in Oxford became ill after being vaccinated, but were quickly resumed after British regulators agreed. The Serum Institute of India applied for emergency approval for the vaccine produced with AstraZeneca in December 2020, and it was granted a month later. A deal was reached in March 2021 to supply certain doses to the United Kingdom.
The Serum Institute of India has also agreed to produce Novavax’s NVX-CoV2373 vaccine for India and other low- and middle-income countries. Codagenix’s nasal COVID-19 vaccine CDX-005 will also be manufactured by the company (tradename COVI-VAC)
SII’s net sales in 2018-19 were Rs 5,238 crore, with an after-tax profit of Rs 2,252 crore. The compounded annual growth rate (CAGR) for revenue was 8.1 percent over five years (2014-2019), while the CAGR for profit after tax was 5.3 percent. In 2019, SII’s export earnings accounted for more than two-thirds of its net sales. At the end of 2019, it had total assets of Rs 16,703 crore.
The pharma giant AstraZeneca and the University of Oxford collaborated on the Covid-19 vaccine. Covishield has a 62 percent efficacy rate. The SII has already generated a stock of approximately 5 crore doses. By February, it claims to be able to increase production to 10 crore doses per month.
Serum Institute of India – Investments
Date
Organization Name
Round
Amount
Jul 23, 2019
X-Vax Technology
Series A
$56M
Oct 5, 2017
Visterra
Series C
$23.6M
Serum Institute of India – Acquisitions
Acquiree Name
About Acquire
Date
Amount
Nanotherapeutics
Privately held specialty biopharmaceutical company with product development, cGMP manufacturing capabilities
Biocon, Panacea Biotec, Bharat Serums, Wockhardt, Biological E, Bharat Biotech, Syngene International, Indian Immunologicals, Premas Biotech, Reliance Life Sciences, and Zydus Cadila are among the other leading competitors in Serum Institute’s competitive set.
Cadila Healthcare, India’s fifth largest pharmaceutical firm, is working on an indigenous vaccine for the novel coronavirus in addition to producing Covid treatment drugs like remdesivir. Phase-III trials on 26,000 Indian patients have been approved by the government. The vaccine’s price has yet to be determined by Cadila.
According to Poonawalla, the real challenge in 2020 will be determining if the Covid vaccine will actually function and be effective in humans. It was also difficult to demonstrate its effectiveness and plan a trial in a country where outbreaks are likely to occur, most likely China.
According to the CEO, “Our journey now is looking and has lot of challenges because we are trying to enter the Europe and US markets. We are trying to sensitize the Indian government to take more vaccines and plan and help them in their programmes to fight these life threatening diseases. We have got other challenges from China and other countries where we are offering a red carpet treatment for them to come here, but when we want to go to China, we have got a lot of barriers that we are facing like parting with our technology, we have got to do joint ventures things which are impossible.”
Serum Institute of India – Future Plans
As it struggles to fulfil supply obligations, the Serum Institute of India, which manufactures the AstraZeneca Covid-19 vaccine, is considering starting vaccine manufacturing in other countries.
“There’s going to be an announcement in the next few days,” Adar was quoted.
Poonawalla said the Serum Institute would be able to increase its monthly production to 100 million doses by July, a month later than the previous goal of end-May. Vaccines against Covid-19 have run out in some Indian states.
Within six months, he planned to increase the Serum Institute’s capability from 2.5 billion to 3 billion doses per year. He flew to London until Britain imposed an eight-day travel ban on Indians.
Serum Institute of India – FAQs
What does SII do?
Serum Institute of India is India’s leading biotechnology firm, producing highly advanced life-saving biologicals such as vaccines, antisera, and other medical specialties using cutting-edge genetic and cell-based technologies.
Who founded SII?
Dr. Cyrus Poonawalla established the Serum Institute of India in 1966 with the aim of producing life-saving immuno-biologicals that were in short supply in India and had to be imported at a high cost.
