Take a gander at all the businesses the illustrious Poonawalla family owns and manages in the country and beyond
The Poonawalla family is among the wealthiest Indian business clans in the world, with Dr Cyrus Poonawalla, Founder of Serum Institute of India (SII) — the world’s largest vaccine manufacturing plant that produces vaccines for measles, polio, tetanus and now also coronavirus — as its patriarch. He is the seventh richest healthcare billionaire in the world, with his net worth totalling at $11.5 billion, according to Forbes.
However, SII, taken over and run by Adar Poonawalla since 2011, isn’t the only successful business venture the Poonawallas own and run. The Cyrus Poonawalla Group owns six other lucrative companies. Scroll through to read all about them.
Apart from the Serum Institute of India, these are the six companies the Poonawalla clan owns
1. Poonawalla Finance
Poonawalla Finance (formerly known as Adar Poonawalla Finvest Private Limited) is, according to its official website, a financial services company that helps consumers and small business owners across 23 cities in India help secure loans. The company is headquartered in Pune, which is also where the Poonawalla family resides. See inside pictures of their palatial Pune abode here.
2. Bilthoven Biologicals
Closer to SII’s path, Bilthoven Biologicals is a bio-engineering and pharmaceutical company that serves as an important manufacturing base to SII’s European markets. Per the Cyrus Poonawalla Group’s website, the company was acquired from the Netherlands Government in 2012, and its acquisition ensured access to technology and expertise in making the IPV (Inactivated Polio Vaccine, Salk), which earlier was possessed by only three other vaccine manufacturers in the world.
3. Poonawalla Aviation Pvt. Ltd.
The Poonawallas don’t just own a fleet of private charter planes for leisure, and an actual Batmobile (read all about it here), but also own and run their own chartered flight services. Established in 2005, in Pune, Poonawalla Aviation Pvt. Ltd. (PAPL) is a non scheduled operator that provides bespoke chartered flight services.
4. Villoo Poonawalla Greenfield Farm
Closer to home, the Poonawalla family manages the Villoo Poonawalla Greenfield Farm, which was established as the Poona Stud Farm in 1946 by the late Soli A. Poonawalla. The farm rears and breeds prize-winning horses. The Cyrus Poonawalla Group’s website stated that this farm is the leading thoroughbred stud farm in the country with “13 Champion Breeders” awards to date. Notably, the family also sponsors the Poonawalla Breeder’s Multi Million horse race. It is described as ‘the richest juvenile race in the country.’
5. Poonawalla Clean Energy
Poonawalla Clean Energy is among the family’s most interesting business ventures, It focuses on lending support and funding to companies whose core objectives are to produce renewable resources of energy. Under this venture they’ve spearheaded a city-specific project with the Pune Municipal Corporation (PMC).
6. Poonawalla Hospitality & Real Estate
Lastly, the group also has a firm presence in Pune’s real estate sector with Poonawalla Hospitality & Real Estate. According to its website, the company enjoys a successful partnership with Panchshil Realty.