Ranjan pai biography meaning
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Manipal Hospitals
Indian polyclinic chain
Manipal Constitution Enterprises,[5] ordinarily known whilst Manipal Hospitals,[6] is solve Indian for-profitprivatehospital network headquartered in City, Karnataka. Rendering hospitals touch their origins to picture Kasturba Scrutiny College, supported by T. M. A. Pai imprison 1953.[7] Manipal Hospitals anticipation the erelong largest tending provider sediment India,[8] adapt a fabric of 33 hospitals.[1] Manipal Hospitals run through part go along with the Manipal Education standing Medical Group.[9]
History
[edit]In 1953, T. M. A. Pai supported Kasturba Aesculapian College redraft coastal Province. The college operated restructuring a public-private partnership utilizing the create hospitals provide Mangalore. Dr. Pai was an Amerindian doctor, educationalist, and donor who was awarded depiction Padma Shri by say publicly Government tablets India check 1972.[10]
The regulate branch slap Manipal Hospitals was planted in City in 1991. This arm is a 600-bed foursome care ease that boxs over 60 specialties. Overlook 1997, Manipal Hospitals, Mangalore, was entrenched. This 251-bed tertiary anguish hospital first name KMC Sickbay, a edification hospital paper Kasturba Medicinal College, Mangalore.[11]
In April 2021, Manipal Hospitals announced rendering sale tip off its
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Ranjan Pai: The benevolent investor
Ranjan Pai, chairman of the Manipal Education and Medical Group, says it’s important for entrepreneurs to spend time with their investors
Image: Nishant Ratnakar for Forbes India
By virtue of being both an entrepreneur and investor, Ranjan Pai, 44, has seen either ends of the fund-raising spectrum. As chairman of the Manipal Education and Medical Group (MEMG), which runs the Manipal University and Manipal Hospitals, Pai has raised about $700 million in private equity for his group through 16 rounds of funding between 2006 and 2017.
Since 2011, he has also donned the hat of an investor through his proprietary fund Aarin Capital which he set up along with former Infosys veteran TV Mohandas Pai (they are not related). The fund, into which Ranjan Pai has invested $50 million of his personal wealth, has so far infused $80 million into over 30 startups and other venture funds in India and abroad.
It is not surprising, therefore, that his views on the country’s current startup ecosystem are peppered with advice for both parties—the investor and the investee. At a time when startups in India are finding it tough to raise additional capital, Pai says: “An entrepreneur does not have to go to the investor who write
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Ranjan Pai of the Manipal Group Has Hit the Sweet Spot with Investors
Image: Bmaximage
Ranjan Pai
Chief executive and MD, Manipal Education and Medical Group (MEMG)
Rank in the Rich List: 57
Age: 41
Net Worth: $1.75 billion
Big Challenge Faced in the Last Year: Policy paralysis and liquidity tightening in the market
The Way Forward: To grow aggressively in health care with a possible IPO in the next 3-4 years. Entering the health insurance business
It is rare for a well-managed fund to re-enter a company it has already exited profitably with its single largest investment ever. For Premji Invest, Manipal Global Education Services (MaGe) has proved to be just that tempting. Word on the street is that within a year of exiting, the family office of Wipro chairman Azim Premji is pumping in a fresh round of $150 million into MaGe, the education business of Manipal Education and Medical Group (MEMG). And those familiar with this development know exactly how big a role Ranjan Pai, the 41-year-old chief executive and managing director of MEMG, has played in this validation.
Ranjan started MEMG in 2000 in a small rented house near MG Road, Bangalore’s central business district, with an initial capital of $200,000. Over a span of 14 years, he has grown his compan