There are several third-generation businessmen who are successfully managing their family's business empires. One such person is Dr Ranjan Pai who controls Manipal Group, an education and healthcare empire with seven universities and 29 hospitals. Pai is an Indian medical doctor, billionaire businessperson and the chairman of the Manipal Education and Medical Group (MEMG).
Dr Ranjan Pai's net worth
According to Forbes, Pai has a real-time net worth of Rs 23,230 crore as of August 22, 2023. He is currently at the 1067th position in Forbes' World's Richest People list. The 50-year-old is a medical graduate from Kasturba Medical College, Manipal. His grandfather, TMA Pai set up the college in 1953. Ranjan completed his fellowship in Hospital Administration in the US.
Ranjan began his career as the Managing Director of the Melaka Manipal Medical College in Malaysia. Dr Pai restructured the entire Group in line with the global business environment, to meet, anticipate and take on new challenges.
He initially planned to continue with the family’s not-for-profit education trust, Manipal Academy of Higher Education (MAHE). However, he later decided to join MEMG’s business. He started MEMG in 2000 out of a rented house in Bengaluru.
He played an instrumental role in corporatizing the MEMG by bringing in professionals at the management level and has taken its Education and Healthcare businesses to impressive heights, attracting private equity capital in the process.
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