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Business News›Magazines›Panache›Panache People 101›Adar Poonawalla
    Adar Poonawalla

    Adar Poonawalla

    CEO, Serum Institute of India
    Birth DetailsJanuary 14, 1981
    NationalityIndian
    LeagueBusiness Leader
    EducationGraduate, University of Westminster, London
    Adar Poonawalla's Assets:
    • Stake in SII
    • Rising Sun Holdings Ltd (RSHPL

    Adar Poonawalla's Journey so far ...
    • After completing his schooling at the Bishop's School in Pune, Adar Poonawalla went to England for higher studies. In 2001, he graduated from the University of Westminster in London
    • He came back from England after graduation and joined the Serum Institute of India (SII), founded by his father Cyrus Poonawalla in 1966. The first role he took up was to focus on exporting the company's products
    • He was appointed as CEO of SII in 2011 and within four years, the vaccine maker's products were being exported to around 140 countries
    • Under his leadership, SII acquired Netherlands-based Bilthoven Biologicals and soon became the world's biggest vaccine producer
    • In 2014, the Pune-based businessman launched SII's oral polio vaccine which helped in overcoming a global shortage
    • Poonawalla came into the limelight in 2020 when the world and India were battling Covid-19. He led SII in tying up with AstraZeneca to manufacture its vaccine which the Anglo-Swedish drugmaker developed with the Oxford University
    • Poonawalla is spearheading the production of millions of doses of Covishield, a licensed version of the AstraZeneca vaccine, which is India's most used Covid vaccine
    • He also led SII in tying up with American vaccine maker Novavax to produce 2 billion doses of Covid-19 vaccine
    • In early 2021, Adar Poonawalla-controlled Rising Sun Holdings Ltd (RSHPL) bought a majority stake in shadow lender Magma Fincorp which operates in retail finance, SME finance, housing finance and general insurance business. The deal was valued at around $475 million
    • Later in 2021, Magma Fincorp appointed him as chairman of the company
    • The head of SII transferred his entire stake in Panacea Biotec, worth Rs 118 cr, to Serum Institute in May 2021. The company is known for contract manufacturing in the pharma sector and is involved in manufacturing of both human and animal vaccines
    • In 2021, he announced that SII would invest $334 million in the United Kingdom to grow its vaccine business and create jobs
    • Poonawalla raised his voice against the US ban on the export of critical raw materials used in the manufacture of vaccines; the ban has since been overturned
    • He created a flutter when he told a London-based newspaper that he was getting constant threats and pressure from “powerful people” seeking vaccine doses on priority
    • The central government granted Y category security to the Pune-based industrialist

    Before you go ...
    • Adar Poonawalla rented his London mansion earlier in 2021 for $69,000 a week, a Mayfair record
    • India's vaccine hero was awarded The Economic Times Entrepreneur of The Year award in 2020
    • In 2015, he started the Clean City Initiative in his home city of Pune to improve waste management and environment
    • Belonging to one of the world's richest families, Adar keenly takes part in philanthropy. He started the Villoo Poonawalla Foundation in 2011 in memory of his late mother Villoo Poonawalla, which runs schools and hospitals
    • Prime Minister Narendra Modi has appointed him as one of the brand ambassadors of the Swachh Bharat Mission

    Last Updated: 26/07/2021

    Adar Poonawalla News

    • Bharatiya Janata Party (BJP) spokesperson Shehzad Poonawalla criticized the Aam Aadmi Party-run Delhi government after several areas reported waterlogging following heavy rains early Friday. Poonawalla specifically pointed out waterlogging at Minto Bridge, a location the AAP had claimed to have fixed. "The BJP leader claimed that waterlogging was also reported from Minto Bridge which AAP had claimed to have fixed."
    • Shikhar Aggarwal, Joint MD, BLS International Services talks about inclusion in Nifty tourism index, synergies from buying stake in Aadifidelis Solutions and more. Aggarwal also discusses the major contract renewals which are expected in the next six to nine months. He also says that in one, one-and-a-half years, multiple contracts are expected from European and North American markets
    • The BJP on Monday, June 18, slammed the Congress, accusing it of indulging in "dynastic politics". BJP's reaction came after Congress decided to field Priyanka Gandhi from Wayanad.BJP calls Priyanka Gandhi's electoral debut from Wayanad as "dynastic politics"
    • ​Seven stocks listed on the NSE, each with a market capitalization exceeding Rs 10,000 crore, saw their closing prices rise above their 200-day moving averages on June 11, as per the technical scan data from stockedge.com.
    • Serum Institute of India Pvt. is gearing up to meet the growing demand for life-saving vaccines, with expectations to double sales in the next five years. The world's largest vaccine maker, based in Pune, currently has the capacity to produce 3 billion doses annually but only sells about half of that. CEO Adar Poonawalla is optimistic about the increasing uptake of vaccines globally as countries boost their healthcare budgets.
    • BJP's Tamil Nadu president, K Annamalai, responded to a viral video showing men slaughtering a goat with his photo on its head. He urged DMK cadre to avoid violence and address grievances directly. Speaking in Coimbatore, Annamalai stated, "If necessary, they can confront me as I will be available in Coimbatore." The BJP demanded action over the video.
    • Two main characters of ‘The Lord of Rings: Rings of Power’ from season 1 will not be returning to Season 2.
    • IndusInd Bank and Poonawalla Fincorp have launched a co-branded RuPay Platinum Credit card. This card offers reward points on everyday spending on e-commerce websites, including UPI transactions and point-of-sale machine transactions. It has no joining and provides benefits like movie ticket offers and fuel surcharge waivers. All you need to know about IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card.
    • BJP spokesperson Shehzad Poonawalla criticized Delhi Chief Minister Arvind Kejriwal's silence on the Swati Maliwal assault case, accusing AAP of becoming an "Anti Aurat party" and engaging in victim shaming. Poonawalla highlighted Kejriwal's support for Bibhav Kumar, the accused, despite admission of fault by AAP leader Sanjay Singh. Swati Maliwal, the victim, narrated the incident where she was assaulted at Kejriwal's residence.
    • Poonawalla Towers spread across 8.75 lac square feet will have several amenities. The project's estimated valuation is in excess of Rs 1,750 crore, company claims
    • In a swipe at the party, Poonawalla told reporters that AAP is essentially an "anti-aurat party (anti-women party)" as he cited past allegations of mistreatment of women involving its leaders. With AAP claiming that Maliwal is acting at the BJP's behest, Poonawalla cited another AAP leader and Delhi Commission for Women member Vandana Singh's support to the Rajya Sabha MP to hit out at the party.
    • SII said, in a statement on Friday that the partnership with IntegriMedical aligns with its vision of 'Health for All' and IntegriMedical's mission to 'transform healthcare globally' by providing patient comfort, ensuring increased patient compliance, reducing needle-stick injuries, and enhancing the efficacy of liquid medication via needle-free dispersion.
    • Serum Institute of India acquires 20% stake in IntegriMedical for N-FIS drug delivery solution. Adar Poonawalla envisions a needle-free vaccine administration. N-FIS has regulatory approvals and patented technology. Available in the Indian private market, it eliminates needle-phobia and prevents injuries.
    • BJP National Spokesperson Shehzad Poonawalla says, "Although they (AAP & Congress) are friends in Delhi, they fight in Punjab, 'Delhi me nikah hai lekin Punjab me teen talaq' that Charanjit Singh Channi has opened up the entire scheme and scam of AAP. In Delhi, Congress has a red carpet for Arvind Kejriwal, in Punjab they say Kejriwal is corrupt and a mastermind of liquor scams also in Punjab. Should we trust Punjab Congress or Delhi Congress?".BJP's Shehzad Poonawalla on AAP-Congress alliance: 'Delhi me nikah hai lekin Punjab me teen talaq'
    • Congress leader Mani Shankar Aiyar triggered a fresh row by claiming that India should "respect" Pakistan because it has an "atom bomb," Bharatiya Janata Party came down heavily on the Congress and said that the party's love for the neighbouring country is never-ending. In an April 15 interview with 'Chill Pill' Aiyar, Aiyar said that Pakistan is a respected nation that also possesses an atom bomb so India must enter into a dialogue with them. Responding to this, BJP spokesperson Shehzad Poonawalla said that Aiyar, who is close to the Congress's "first family," is displaying the muscle and strength of Pakistan on behalf of the Congress party.'They have atom bomb…': After Pitroda, row over Cong leader Mani Shankar Aiyar's remarks on Pakistan
    • Gurmeet Chadha suggests investments in tier II banks, good NBFCs like Poonawalla UGRO. He discusses impacts on stocks like PFC, REC, IREDA due to RBI norms. Chadha also mentions the excitement around Aadhar IPO and counter cyclical investments in various sectors.
    • Grihum Housing Finance Q4 Results, Grihum Housing Finance Q4 earnings, Grihum Housing Finance shares , Grihum Housing Finance, markets news
    • On Rahul Gandhi's candidature from Raebareli, BJP national spokesperson Jaiveer Shergill said, "Rahul Gandhi has forgotten his own slogan-'Daro Mat' and ran away from Amethi. Rahul Gandhi running from Amethi has proved to the entire nation that his slogan 'Daro Mat' is loaded with double standards, cowardice and hypocrisy."
    • ​As you know we operate at 102 branches, but maximum we are gaining market share there and going forward whatever guidance we have given 35% to 40%, I think in the past also we have over-delivered. Going further, we will stick to our guidance and we are confident of achieving the given guidance.
    • Deven Choksey anticipates market growth driven by stock rotations and sectoral dynamics. Promising opportunities lie in banking stocks like Axis and ICICI, along with strong performers such as Reliance and HDFC Bank. Infrastructure spending and election outcomes expected to influence market trends. Choksey also says metals is one area which would possibly drive for the next five to seven years.
    • Poonawalla Fincorp on Monday reported a 67 per cent jump in consolidated net profit to Rs 332 crore in the March quarter. The company had posted a net profit of Rs 199 crore during the corresponding quarter of the previous financial year.
    • With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
    • Bhopal: On Prime Minister Modi's statement regarding Kachchatheevu island, Congress leader Digvijaya Singh says, "Does anybody live on that island? I want to ask..."BJP leader Shehzad Poonawalla says, "Today, the remarks of Digvijaya Singh show the mindset of Congress, that they always put family first, not nation first. That they always think that the country's territory is the private property of one family. Therefore, with this mindset, even Nehru ji had said in the 1960s that Kachchatheevu island is an inconsequential piece of land and should be given away...With this mindset, PoK was handed over, Aksai Chin was handed over...we even lost Assam thanks to Nehru ji and this mindset...Even today, the fishermen of Tamil Nadu are facing the consequences of this..."BJP's Shehzad Poonawalla vs Digvijay Singh for his reaction on Kachchatheevu issue: Does anyone stay there?
    • Indiabulls Real Estate raised Rs 3,911 crore from investors like Embassy Group, Baillie Gifford & Co, Blackstone Real Estate Fund following SEBI guidelines at Rs 111.51 per share. The company plans acquisitions in Bengaluru and Chennai.
    • Pune-based Serum Institute of India (SII) is prepared to increase production of injectable poliomyelitis vaccine (IPV) to fill the gap left by France's Sanofi closing its manufacturing plants in India. SII currently supplies half of the 20 million IPV doses to the government's immunization program and can provide additional doses with a 3-4 month notice. Adar Poonawalla, SII CEO, stated that supplying IPV to the government at current prices is unviable for most companies, but SII continues to do so as a service to the nation.
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