Cyrus Poonawala
Poonawala is the president of Serum Institute of India, the world's largest vaccine manufacturer. The Pune-based Indian company had revenues of 59 billion rupees ($ 840 million) for the year ended March 31, 2020. The billionaire's other assets include stud farms and properties in Mumbai and Pune.
Much of Poonawala is sourced from the Serum Institute of Vaccine manufacturers in India, which he founded in 1966. It is the world's largest vaccine manufacturer, produced and sold globally according to its website.
As per the financial results provided by Poonawala, the company recorded revenue of 59 billion rupees ($ 840 million), and net income of 23 billion rupees in the year ended March 31, 2020. The billionaire said that he owns all the business.
It is valued using the reported financial results and average price-to-earnings multiple of five publicly traded peers: Aurobindo Pharma Limited, Device Laboratories Limited, Biocon Limited, Cipla Limited / India and Cadila Healthcare Limited.
He also said that he has stud farms, about 250 acres of land and property and houses in Mumbai and Pune. Values for these assets were provided in a signed letter by Poonawala.
The Serum Institute was recognized by the World Health Organization in 1994 for exporting vaccines from India and began supplying them to UN agencies including the United Nations Children's Fund. In 2012, the Indian company bought the Dutch government-run vaccine maker Balthoven Biologicals in its first overseas acquisition. The Serum Institute has used the procurement to link the company-supplied oral drops to organizations as an injection form of polio inoculation.
Much of Poonawala is sourced from the Serum Institute of Vaccine manufacturers in India, which he founded in 1966. It is the world's largest vaccine manufacturer, produced and sold globally according to its website.
As per the financial results provided by Poonawala, the company recorded revenue of 59 billion rupees ($ 840 million), and net income of 23 billion rupees in the year ended March 31, 2020. The billionaire said that he owns all the business.
It is valued using the reported financial results and average price-to-earnings multiple of five publicly traded peers: Aurobindo Pharma Limited, Device Laboratories Limited, Biocon Limited, Cipla Limited / India and Cadila Healthcare Limited.
He also said that he has stud farms, about 250 acres of land and property and houses in Mumbai and Pune. Values for these assets were provided in a signed letter by Poonawala.
The Serum Institute was recognized by the World Health Organization in 1994 for exporting vaccines from India and began supplying them to UN agencies including the United Nations Children's Fund. In 2012, the Indian company bought the Dutch government-run vaccine maker Balthoven Biologicals in its first overseas acquisition. The Serum Institute has used the procurement to link the company-supplied oral drops to organizations as an injection form of polio inoculation.