Adar Poonawalla

Adar Poonawalla
Born Adar Cyrus Poonawalla
Residence Pune, India
Alma mater

The Cathedral & John Connon School

University of Westminster
Organization Serum Institute of India
Known for CEO & Executive Director of Serum Institute of India, Horse Racing, Cars
Net worth Increase $8.6 billion
Religion Zoroastrianism
Spouse(s) Mrs. Natasha Poonawalla
Website www.adarpoonawalla.com

Adar Poonawalla (born 14 January 1981) is the chief executive officer (CEO) and executive director of Serum Institute of India. Founded in 1966 by his father, Dr. Cyrus Poonawalla, it is the world's largest vaccine manufacturer by number of doses produced.[1]

Adar is an alma mater of the prestigious Cathedral & John Connon School of Mumbai as well as the University of Westminster.

He resides at a 50+ acre home in Koregaon Park, Pune.

Career

Adar Poonawalla joined Serum Institute in 2001 after graduating from the University of Westminster in London. Then exporting its products to 35 countries, Poonawalla concentrated on the company's international market and getting new products licensed and pre-qualified by the World Health Organization for supply to United Nations Agencies includiing UNICEF and PAHO. As of 2015, the company now exports its products to over 140 countries. 85 percent of its revenues are from overseas.[2][3]

The family also owns shares in the privately owned $2.5 billion Hiranandani Group of Mumbai.

In 2011 he became the CEO of Serum Institute of India with full control of day-to-day operations of the company. In 2012 he played a major role in the acquisition of Bilthoven Biologicals a Netherlands-based government vaccine manufacturing company.[4][5] Poonawalla is a board member of the GAVI Alliance, the global Vaccine Alliance.[6]

He initiated and launched Serum Institute’s Oral Polio Vaccine in 2014, which went on to become a bestseller for the company and every year plans to launch a new vaccines for public health starting from 2017. In 2014, it was reported that he planned to expand the product portfolio to include vaccines for dengue, flu and cervical cancer.[3]

In 2013 he hosted Charles, Prince of Wales and The Duchess of Cornwall during a private visit to Serum Institute's manufacturing facility in India.[7][8][9][10]

In 2016, he was selected by Economic Times as Business Leader under the age of 40.

He was also listed by GQ magazine as one of the 50 most influential young indians and also was awarded Philanthropist of the year 2016.

On 7th Jan 2016 he launched www.adarpcleancity.com a city wide initiative where he committed & spent 20 million dollars to cleanup the city of pune using hundreds of trucks, Glutton machines and bins across the city under his personal management & dedicated team.

News

In 2013, Forbes India named him one of the "Four Scions to Watch Out For."[11]

Adar Poonawalla and Cyrus Poonawalla bid 550 million pounds for the Grosvenor House Hotel in London in July 2014.[12][13]

We are working on malaria, dengue vaccines- Adar Poonawalla [14]

Poonawalla group to invest Rs 100 crore for clean Pune initiative [15]

Adar Poonawalla Clean City Inaugurated At Serum Institute Of India, Pune By CM Fadnavis [16]

Serum Institute eyes European market with new facility; to launch one vaccine a year[17]

Poonawala’s clean initiative to take up water purification, toilets for women [18]

References

  1. ↑ Narayan, Adi (15 June 2011). "Billionaire-Led Indian Drugmaker's Vaccine Beats Glaxo in Study". Bloomberg Business. Retrieved 2 September 2015.
  2. ↑ Dangor, Kimi (6 June 2005). "The private tycoons". India Today. Retrieved 2 September 2015.
  3. 1 2 "How Cyrus Poonawalla's son, Adar Poonawalla is boldly changing course of the family business". The Economic Times. 11 April 2014. Retrieved 13 August 2015.
  4. ↑ "Serum acquires Dutch firm Bilthoven for over Rs. 550 crore". The Hindu Business Line. 4 July 2012. Retrieved 20 August 2015.
  5. ↑ "Serum Institute of India buys Dutch vaccine maker for $40.3 mn". NDTV Profit. 4 July 2012. Retrieved 20 August 2015.
  6. ↑ "GAVI Alliance Board Members - Adar Poonawalla".
  7. ↑ "At Serum Institute, Charles takes update on MMR vaccine". The Indian Express. 11 November 2013. Retrieved 20 August 2015.
  8. ↑ "Prince Charles of Wales with Serum Institute Chairman Dr. Cyrus Poonawalla and Executive Director of the institute Adar Poonawalla". Yahoo News. 10 November 2013. Retrieved 20 August 2015.
  9. ↑ "Prince Charles pats scientists of Serum Institute". Sakal Times. 10 November 2013. Retrieved 20 August 2015.
  10. ↑ "Nothing official about it". DNA Newspaper. 11 November 2013. Retrieved 20 August 2015.
  11. ↑ "Four Scions to Watch Out For". Forbes India Magazine. 26 November 2013. Retrieved 20 August 2015.
  12. ↑ "I doubt if Sahara is serious about selling properties: Adar Poonawalla" Business Standard". Business Standard. 29 July 2014. Retrieved 20 August 2015.
  13. ↑ "Poonawalla ups offer for Sahara's Grosvenor House but rules out price war" Firspost". Firstpost. 28 July 2014. Retrieved 20 August 2015.
  14. ↑ "We are working on malaria, dengue vaccines". The Hindu Business Line. 23 June 2015. Retrieved 20 August 2015.
  15. ↑ "Poonawalla group to invest Rs 100cr for clean Pune initiative". Times Of India. 5 Nov 2015. Retrieved 7 Dec 2015.
  16. ↑ "Adar Poonawalla Clean City Inaugurated At Serum Institute Pune By CM Fadnavis". Sakaal Times. Retrieved 8 Jan 2016.
  17. ↑ "Serum Institute eyes European market with new facility; to launch one vaccine a year". The Hindu Business Line. Retrieved 21 July 2016.
  18. ↑ "Poonawala's clean initiative to take up water purification, toilets for women". The Hindu business line. Retrieved 22 July 2016.

External links

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