Serum Institute of India (Serum Institute) CEO is Adar Poonawalla. In 1966, Adar Poonawalla’s father, “Cyrus Poonawalla,” established the Serum Institute of India. Serum Institute is one of the world’s leading manufacturers of a wide range of vaccinations.
He is also a successful businessman and a well-respected philanthropist in his native country of India. In addition, Adar Poonawalla is a “United Kingdom”-educated Management graduate.
Adar Poonawalla’s Early Years
An affluent Parsi family raised Adar Poonawalla in Pune, Maharashtra, where he was born on January 14, 1981. Adar was born and raised in Pune, where he attended “The Bishop’s School, Pune” for his elementary education.
As soon as he finished primary school, In order to continue his education, Adar Poonawalla moved to Canterbury, New Zealand.
To enhance his education, he went on to study at the “St. Edmund’s School in Canterbury, UK,” before enrolling at the “University of Westminister.”
The Net Worth of Adar Poonawalla
He has a net worth of $12.7 billion US dollars as of 2022, which is equivalent to more than Rs 90,000 crores in Indian currency.
|Net Worth (in 2021)||$12.7 Billion USD|
|Net Worth In Indian Rupees||90,000 Crore INR|
|Profession||CEO of Serum Institute of India/Business|
|Company’s Net Income||Rs 5,926 crore in 2020|
|Company’s Net Profit||Rs 2251 crore in 2020|
Adar Poonawalla’s net worth is estimated to be more than $15 billion US dollars if all of his companies and properties are taken into account.
Adar Poonawalla’s Professional Background
A lot of Serum Institute of India’s concentration was on the country before 2001. However, after earning his MBA, Adar Poonawalla was able to expand the company’s exports to over 35 nations, resulting in an increase in revenue.
As a result, Adar shifted his attention primarily to the company’s overseas market after 2001. New Product Licenses are the main focus here. Obtaining WHO approval for distribution to UN agencies, such as UNICEF and PAHO.
Adar Poonawalla has always emphasized the need of selling his company’s goods overseas. In 2012, he was promoted to CEO due to his contributions to the company’s success. Poonawalla debuted Serum Institute’s oral polio vaccine in 2014 as well, and it quickly became the company’s best-selling item.
85% of the company’s revenue is generated outside of the United States. With his 66 percent share in the company’s financial services, Poonawalla was appointed chairman of “Magma Fincorp” due to the company’s success and Adar’s commitment to it. In addition, Adar Poonawalla serves on the board of the Global Vaccine Alliance (GAVI).
The Personal Life of Adar Poonawalla
He is a very talented and goal-oriented individual in his personal life, Adar Poonawalla In spite of numerous setbacks, he never gave up and always came out on top.
Another thing about him is his marriage to Natalie Aurora (now known as Adar Poonawalla), who he married in 2006. It was at a New Year’s Eve party in Goa given by Vijay Mallya when the pair first became acquainted with each other.
The couple is now blessed with two sons. Adar Poonawalla, the founder and current director of the “Serum Institute of India,” is the father of their eldest son. While “Darius Poonawalla,” their second child, was born in 2015, and “Cyrus Poonawalla,” their first child, was born in 2009,
Awards and Appreciations
- I appeared in the 2016 issue of GQ magazine.
- Awarded “Philanthropist of the year” in 2016.
- The 2017 Hall of Fame Awards’ Humanitarian Endeavour Award has been presented.
- On CNN-News18, an Indian was named the CSR Business Person of the Year.
- Business Leader of the Year – 2018 ET Edge Maharashtra Achievers Awards
- CNBC Asia’s Corporate Social Responsibility award for 2018
- Listed in the healthcare area of “Fortune magazine’s ’40 Under 40′ listing” in 2020.
During the COVID-19 epidemic in 2021, he received the Economic Times’ “Entrepreneur of the Year” award for his efforts in supplying vaccines.
Car Collection belonging to the Adar Poonawalla
Motorbikes and high-end sports cars are two of Adar Poonawalla’s favorite pastimes. He possesses one of India’s most impressive car collections, including a BMW 760Li. ‘
- Mercedes has transformed the Batmobile into a modern marvel.
- The Ferrari 360 Spyder
- Aston Martin DB4 Spyder
- The 488 Pista Spyder is a Ferrari.
- The Porsche Cayenne
- Car of the Year
- Phantom Rolls-Royce
- Flying Spur version of the Bentley Continental
- Gallardo by Lamborghini