Adar Poonawalla

Adar Poonawalla
Born Adar Poonawalla
Residence Pune, India
Ethnicity Parsi
Alma mater University of Westminster
Organization Serum Institute of India
Known for CEO & Executive Director of Serum Institute of India, Horse Racing, Cars
Religion Zoroastrianism
Spouse(s) Mrs. Natasha Poonawala
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 and sold.[1]

Career

Poonawalla joined Serum Institute in 2001 after earning a bachelor's degree in management 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 exported its products to over 140 countries. 85 percent of its revenues are from overseas.[2][3]

In 2011 he became the chief executive 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, which went on to become a bestseller for the company. 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] The Serum Institute of India offered to donate five million vaccines to a country of The Prince's choosing.[11]

In 2013, Forbes India named him one of the "Four Scions to Watch Out For."[12]

Adar Poonawalla and Cyrus Poonawalla bid 550 million pounds for the Grosvenor House Hotel in London in July 2014.[13][14][15]

Poonawalla group to invest Rs 100 crore for clean Pune initiative [16]

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. ↑ "The Prince of Wales organises Measles-Rubella vaccination donation to the Phillippines". The Prince of Wales and The Duchess of Cornwall - News and Diary. 26 March 2014. Retrieved 20 August 2015.
  12. ↑ "Four Scions to Watch Out For". Forbes India Magazine. 26 November 2013. Retrieved 20 August 2015.
  13. ↑ "We are working on malaria, dengue vaccines". The Hindu Business Line. 23 June 2015. Retrieved 20 August 2015.
  14. ↑ "I doubt if Sahara is serious about selling properties: Adar Poonawalla" Business Standard". Business Standard. 29 July 2014. Retrieved 20 August 2015.
  15. ↑ "Poonawalla ups offer for Sahara's Grosvenor House but rules out price war" Firspost". Firstpost. 28 July 2014. Retrieved 20 August 2015.
  16. ↑ "Poonawalla group to invest Rs 100cr for clean Pune initiative". Times Of India. 5 Nov 2015. Retrieved 7 Dec 2015.

External links

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