Rank #1554
Ranjan Pai
Net worth $2.7B
Education, healthcare · India
- Born
- Nov 11, 1972
- Age
- 53
- Source
- Education, healthcare
- Residence
- Bangalore
- Citizenship
- India
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Medical doctor Ranjan Pai is chairman of the Manipal Group, an education and healthcare empire with 7 universities and 29 hospitals.
- The Manipal Group was started in 1953 by his grandfather T.M.A Pai, who founded India's first privately-owned medical school in the town of Manipal in Karnataka.
- Singapore fund Temasek increased its stake in Manipal Hospitals to 59% in 2023 after acquiring shares from Pai and other investors, valuing the chain at $4.6 billion. Pai retains a 30% stake.
- Pai's Manipal Global Education Services has expanded overseas with campuses in Malaysia, Antigua, Dubai and Nepal. His other assets include Manipal Cigna Health Insurance.
- He is the largest shareholder in test prep outfit Akash Educational Service after he increased his stake to more than 50% in November 2025.
- Pai also owns Bangalore-based Stempeutics, which develops stem cell products using adult stem cells.
- In January 2023, he invested $2 million in Kites Senior Care, which provides home-based care and dementia care.