Cyrus Poonawalla | Gulf Business
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Cyrus Poonawalla

Chairman and Managing Director, Poonawalla Group

Cyrus Poonawalla founded the Serum Institute of India in 1966 and built it into the world’s largest vaccine maker by number of doses produced and sold globally (more than 1.3 billion doses). Under the leadership of his son Adar Poonawalla, the global biotech firm invested $800m to build a new factory to make Covid-19 vaccines.

Pune-based Poonawalla Group has business interests in pharmaceuticals and biotechnology, finance, renewable energy, hospitality, real estate, and aviation.

Son of a horse breeder, Poonawalla’s family has been breeding and racing thorough-breds in India since 1946 and is the leading stud farm in India. With a fleet of three aircraft, the group’s aviation unit, Poonawalla Aviation, is a non-scheduled operator that has been providing chartered flight services since 2005.

His assets include a majority stake in listed financial services firm Poonawalla Fincorp, which provides loans to consumers and small businesses, and a stake in The Ritz-Carlton Hotel in Pune.

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