Cyrus Poonawalla: Pune’s Richest Man with a Net Worth of ₹2,04,300 Crore
Cyrus Poonawalla, the richest man in Pune, is the owner of Serum Institute of India, one of the largest private pharma companies in India. In 2015, Poonawalla bought the iconic Lincoln House in Breach Candy, Mumbai for ₹750 crore, one of the most expensiv
Cyrus PoonawallaSerum Institute Of IndiaNet WorthPharmaceuticalsReal EstateReal Estate PuneOct 27, 2024
In 1966, Cyrus Poonawalla founded Serum Institute of India, which has become world-renowned for its role during the COVID-19 pandemic as one of the main vaccine manufacturers in the country. SII produces a staggering 1.5 billion doses of vaccines annually for diseases such as polio, flu, and measles. For his significant contributions to vaccine creation and distribution, Poonawalla was awarded the Padma Bhushan, one of the highest civilian honors in India, in 2022.
One of Poonawalla's most notable acquisitions is the Lincoln House, a luxury sea-facing bungalow in Breach Candy, Mumbai. In 2015, he purchased this iconic property from the US government for ₹750 crore, making it one of the most expensive real estate deals in India. This property is a testament to his wealth and influence.
SII, now headed by Cyrus’s son, Adar Poonawalla, has expanded the family business into various sectors. According to the 2024 Hurun India Rich List, Cyrus Poonawalla, as the chairman and managing director of the Cyrus Poonawalla Group, has a net worth of ₹2,89,900 crore, with SII itself valued at ₹2,04,300 crore.
Apart from SII, Poonawalla also has a significant stake in Poonawalla Fincorp, a non-banking financial company that focuses on consumer and MSME financing. He also owns The Ritz-Carlton hotel in Pune and a large farm where he breeds prize-winning horses, continuing the family tradition set by his father, Soli Poonawalla.
One of the crown jewels of his empire is the Lincoln House in Breach Candy, Mumbai, which he bought in 2015 for ₹750 crore, one of the most expensive real estate deals in India. This property symbolizes his wealth and status.
Continuing the family legacy, Adar Poonawalla has further expanded the business by entering the film industry. In 2023, Adar bought a 50% stake in Karan Johar’s Dharma Productions for ₹1,000 crore, demonstrating the Poonawalla family’s growing presence across various sectors.
Cyrus Poonawalla married Villoo Poonawalla, who passed away in 2010. Their daughter, Natasha Poonawalla, is married to Adar Poonawalla, the CEO of Serum Institute of India. Natasha serves as the Executive Director of the Poonawalla Group, which includes Serum Institute of India, the world’s largest vaccine manufacturer.
The Poonawalla family's journey from horse breeding to becoming one of the most influential business dynasties in India is a testament to their vision, hard work, and strategic investments. Their contributions to global healthcare, combined with their diverse business interests, ensure their legacy continues to thrive.
Frequently Asked Questions
What is Cyrus Poonawalla's net worth according to the 2024 Hurun India Rich List?
Cyrus Poonawalla's net worth is ₹2,89,900 crore according to the 2024 Hurun India Rich List.
What is the value of Serum Institute of India (SII)?
Serum Institute of India (SII) is valued at ₹2,04,300 crore.
What notable property did Cyrus Poonawalla buy in 2015?
Cyrus Poonawalla bought the Lincoln House in Breach Candy, Mumbai for ₹750 crore in 2015.
Who is the CEO of Serum Institute of India?
Adar Poonawalla, Cyrus Poonawalla's son, is the CEO of Serum Institute of India.
What major acquisition did Adar Poonawalla make in the film industry?
Adar Poonawalla bought a 50% stake in Karan Johar’s Dharma Productions for ₹1,000 crore.
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