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Business News›Magazines›Panache›Panache People 101›Ranjan Pai
    Ranjan Pai

    Ranjan Pai

    CEO and MD, Manipal Education and Medical Group
    NationalityIndian
    LeagueBusiness Leader
    EducationMD Surgery, MAHE
    Net Worth$1.3 billion (As of March 27, 2021)
    Ranjan Pai's Assets:
    • Manipal Education and Medical Group

    Ranjan Pai's Journey so far ...
    • Ranjan Pai grew up in the southern Karnataka town of Manipal and graduated from the Kasturba Medical College in medicine; he also has a degree in surgery
    • He went to the US to complete his fellowship in hospital administration and joined as MD of Manipal Hospital in Malaysia
    • Pai heads the Manipal Education & Medical Group (MEMG), a wholly-owned entity held by him and his family. MEMG also runs a chain of hospitals and educational institutions under the Manipal brand
    • Under the leadership of Pai, Manipal Group has diversified into hospitals, healthcare and education sectors. Launched in 1991, Manipal Hospitals is one of India's leading healthcare groups with a network of over 15 hospitals and 6 medical colleges
    • Pai expanded Manipal Group's presence globally by setting up educational institutes in Malaysia, Nepal, Dubai and Antigua; these institutes provide undergraduate, graduate and doctoral programmes
    • The Bengaluru-based billionaire's policies attracted private equity capital and top firms like America's TPG Capital and Singapore's Temasek Holdings invested in the group
    • In 2011, Pai and ex-Infosys CFO Mohandas Pai launched a venture capital firm, Aarin Capital with an initial fund of $100 million. The focus of the VC firm was on life sciences, technology and Internet sectors
    • They have invested in several start-ups like Wellthy Therapeutics, California-based medical technology company Insightra, bookadda.com, an online book retailer, and ed-tech startup Byju's
    • In 2012, Pai led Manipal Group in entering student living services to leverage on the country's young population and rising education
    • In 2018, Pai guided Manipal Group in acquiring a 51% stake in Cigna TTK Health Insurance and later that year made a bold bid to acquire Fortis Hospitals
    • Pai wanted the group to expand in North India and made a bid for Naresh Trehan-owned Medanta Hospital in 2019, but the deal did not materialise due to high valuations
    • He has a huge interest in stem cell research and set up a separate firm called Stempeutics, the firm has over 30 patents to its name

    Before you go ...
    • Ranjan Pai is a foodie and he loves the food in Manipal
    • He founded the group's philanthropic arm, Manipal Foundation, which focuses on various social activities

    Last Updated: 27/03/2021

    Ranjan Pai News

    • Congress leader Adhir Ranjan Chowdhury said that the decision to implement the new criminal laws from July 1 has been taken in haste and more consultation is required before enforcing them.
    • Kolkata: TMC leader Kunal Ghosh on June 21 listed out reasons for Congress’ poor performance in Bengal after Congress leader Adhir Ranjan Choudhury resigned from the party state President post. He said that although the Congress plays an anti-BJP role in Delhi, in Bengal, they support BJP.TMC’s Kunal Ghosh lists out reasons that led to Congress’ failure in Bengal, says 'party in a terrible situation in the state'
    • PM-designate Narendra Modi took oath as Prime Minister of India for his third successive term today at an impressive ceremony at the Rashtrapati Bhavan which is being attended by leaders from India's neighbourhood and Indian Ocean region.
    • Senior JD(U) leader Rajiv Ranjan, popularly known as Lalan Singh, recently inducted as a minister in the Nitish Kumar government, has been a key ally. He played a crucial role in forming the JD(U)-RJD alliance in 2022.
    • Tata Projects MD & CEO Vinayak Pai elected as President of Construction Federation of India's National Council for a two-year term (FY25-FY26). The council includes industry leaders like Akhil Gupta, Priti Patel, Ajit Bhate, Arjun Dhawan, Hardik Agrawal, M V Satish, Nalin Gupta, Krishnam Raju P, Vimal Kejriwal, and Yogen Lal.
    • Vinayak Pai, CEO of Tata Projects, highlights the need for better detailed project report (DPR) preparation to minimize delays in infrastructure projects. Pai emphasizes that India's front-end design efforts are below global standards, leading to poorly defined projects and execution delays. He calls for improved front-end planning and consistent contract monitoring across ministries. Tata Projects is focusing on metro projects, airports, and emerging sectors like green hydrogen and battery manufacturing. Current projects like Pune Metro and Noida International Airport are on schedule, reflecting rising investment and expansion in infrastructure.
    • The veteran Congress leader said he cannot comment on conjectures, when asked whether he would continue as the president of the WBPCC. Chowdhury said the Congress Working Committee (CWC) meeting will be held on Saturday and as such he was asked to go to Delhi to attend it.
    • Following the grand old party's improved performance in comparison to the last two Lok Sabha polls, there is internal discussion within the Congress party regarding the potential appointment of Rahul Gandhi as the Leader of Opposition in the upcoming term of Parliament, as reported by ToI. Although many within the Congress, particularly supporters of the Gandhi scion, advocate for his leadership in the Lower House, Rahul has consistently declined these requests. Nonetheless, the outcome of this year's elections may present an opportunity for Rahul Gandhi to reconsider assuming the position.
    • Adhir Ranjan Chowdhury, the veteran Congress leader who suffered a defeat in the Baharampur parliamentary constituency, expressed uncertainty about his political future. Chowdhury, a five-time MP and the Pradesh Congress president in West Bengal, was defeated by Trinamool Congress's star candidate Yusuf Pathan by a margin of over 85,000 votes. This loss marked the end of Congress's grip over Baharampur, one of the last standing Congress bastions in the state.
    • Baharampur (WB), June 04 (ANI): TMC leader and leading candidate from Baharampur seat Yusuf Pathan on June 04 showed respect for Congress candidate from the same seat Adhir Ranjan Chowdhury. He also promised to open a sports academy in the constituency to encourage children. "... I respect Adhir Ranjan Chowdhury a lot. He is a senior leader. I give my best wishes to him... I will open a sports academy to encourage children to represent the state and country... The people have given their support to me," he said. 'NDA 3.0': TMC’s Yusuf Pathan promises a sports academy in Baharampur after winning LS seat
    • The Behrampur Lok Sabha constituency in West Bengal's Murshidabad District emerges as a crucial battleground in the upcoming elections. The contest features a notable faceoff between TMC's Yusuf Pathan, a former cricketer venturing into politics for the first time, and veteran MP Adhir Ranjan Chowdhury, who has held the seat since 1999. Pathan, exuding confidence, sees himself as the harbinger of change for the people of Behrampur.
    • Columbia Pacific Communites is set to merge with Kites Senior Care, forming one of India's largest senior living firms. The merger is expected to benefit Columbia Pacific Communities, which has a net worth of over Rs 25 crore. The merger is expected to boost the company's bed capacity to over 1,000 within the next six quarters. Kites Senior Care, a leading provider of out-of-hospital geriatric care services, secured an investment of Rs 45 crore from Ranjan Pai's MEMG Family Office Fund in March 2024.
    • Senior Congress leader Adhir Ranjan Chowdhury criticized Mamata Banerjee's government for its lack of preparedness in handling the aftermath of cyclone Remal, stating that the people were left to deal with the calamity on their own.
    • I have to caution that it is very hot. Power demand is going up. We are going into the monsoon period. So, we will have to wait and watch and see how the coal prices respond. Right now, there is sufficient availability of coal and as you said, the prices are also under control.
    • Earlier this year, Hindalco said it would spend ₹5,000-5,500 crore on capex in FY25. In FY24, it spent about ₹4,200 crore.
    • Key minerals like copper, lithium, nickel, cobalt, and rare earth elements are crucial elements in numerous rapidly expanding clean energy technologies, ranging from wind turbines and electrical grids to electric vehicles.
    • The Enforcement Directorate summoned Jharkhand-cadre IAS officer Manish Ranjan in a money laundering case linked to state minister Alamgir Alam and Congress leader Alamgir Alam. The probe involves irregularities and bribes between officials and contractors, with Ranjan asked to depose on May 24.
    • Retired Calcutta High Court judge Justice Chitta Ranjan Dash clarified his controversial remarks about his association with the Rashtriya Swayamsevak Sangh during his retirement speech. He said that it was a spontaneous statement reflecting his roots and denied any bias in his judgements. He said that he treated all individuals equally during his 14-year tenure as a judge.
    • The incident outside West Bengal PCC was widely seen as a backlash to Kharge's public snub of state PCC chief Adhir Ranjan Chowdhury's criticism of Mamata Banerjee when she said that the Trinamool Congress would extend "outside support" to the INDIA bloc after the general election.
    • West Bengal CM Mamata Banerjee criticizes Kartick Mahraj of Bharat Sevashram Sangha for alleged role in Murshidabad riots during Ram Navami. PM Modi criticizes Banerjee for attacking saints like Ramkrishna Mission. Adhir Ranjan Chowdhury responds to Banerjee's remarks about instigating riots.
    • Justice Dash said he treated everybody at par, be he a rich or poor person, be he a communist, or from the BJP, Congress or TMC (Trinamool Congress). "All are equal before me, I do not hold any bias for anyone or for any particular political philosophy or mechanism," he said, adding that he tried to dispense justice on the principles of empathy and that "law can be bent to do justice, but justice cannot be bent to suit the law".
    • Prime Minister Narendra Modi emphasized the importance of allowing probe agencies to work without interference in the battle against corruption. He cited Congress leader Adhir Ranjan Chowdhury's remarks on not speaking against Adani-Ambani if they send money as validation of his earlier comments. Modi highlighted the ED and CBI's independent functioning in tackling corruption cases.
    • The Congress warned against anti-party activities in West Bengal, demanding a report on vandalism of hoardings outside its Kolkata office. Posters of Congress president Mallikarjun Kharge were defaced, prompting AICC general secretary K C Venugopal to condemn such actions, directing an inquiry into the incidents.
    • "Woh hamarey ladaku sipahi hain (he is our combative solider)," Kharge said on Monday about Chowdhury, who has only intensified his offensive against Banerjee, the West Bengal chief minister, by alleging that she has used violence to crush the Congress in the state and has been helping the BJP.
    • Both Mohandas Pai and Rajnish Kumar had joined the advisory council after the edtech's investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–left the board of the company last year
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