Ranjan Pai
Overview
- Source of Wealth
- Education, healthcare
- Industry
- Healthcare
- Residence
- Bangalore
- Marital Status
- Married
- Children
- 2
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.
About
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.