Ranjan Pai Biography: Parents, Age, Net Worth, Siblings, Awards, Height, Wife, Children

Ranjan Pai is an Indian billionaire businessman and medical doctor, renowned for his leadership as Chairman of the Manipal Education and Medical Group (MEMG).

His strategic expansion of MEMG into a global healthcare and education conglomerate, coupled with his investments in startups, has solidified his reputation as a transformative figure in India’s business landscape.

Profile

• Full Name: Ranjan Pai
• Stage Name: Ranjan Pai
• Born: November 11, 1972
• Age: 53 years old
• Birthplace: Manipal, Karnataka, India
• Nationality: Indian
• Occupation: Businessman, Medical Doctor, Philanthropist
• Height: Unknown
• Religion: Hinduism
• Parents: Ramdas Madhava Pai and Vasanti Pai
• Siblings: None (only child)
• Spouse: Unknown
• Children: Unknown
• Relationship: Married
• Net Worth: $2.7 Billion to 4.6 billion USD

Early Life

Ranjan Pai was born on November 11, 1972, in Manipal, Karnataka, India, to Ramdas Madhava Pai, a Padma Bhushan awardee and Chancellor of Manipal Academy of Higher Education (MAHE), and Vasanti Pai.

His early years in Manipal instilled a deep commitment to education and healthcare. He faced challenges, such as failing to meet the entrance cutoff for Kasturba Medical College at 18, which led him to study medicine in Davanagere before transferring to Manipal after excelling in his first year. This early setback shaped his resilience and determination to build on his family’s legacy.

Education

Ranjan Pai completed his MBBS at Kasturba Medical College, Manipal, and graduated as a medical doctor. He furthered his expertise with a fellowship in Hospital Administration at the University of Wisconsin-Madison, USA.

Career

Ranjan Pai began his career as Managing Director of Melaka Manipal Medical College in Malaysia, which he envisioned as a world-class international medical institution. In 2000, he founded the Manipal Education and Medical Group (MEMG) with $200,000 from savings and borrowings, operating from a rented house in Bengaluru.

Under his leadership, MEMG grew into a $3 billion conglomerate with seven universities, 29 hospitals across 19 Indian cities (8,300 beds), and operations in Malaysia, Dubai, Antigua, and Nepal. Key milestones include the 2023 sale of a 22% stake in Manipal Health Enterprises to Temasek for $1 billion, retaining a 30% stake valued at $1.4 billion, and the 2020 acquisition of Columbia Asia Hospitals.

MEMG’s portfolio includes Manipal Cigna Health Insurance, Stempeutics (stem cell research), and an online learning platform, with revenues of ₹74.3 billion in fiscal 2023. Pai co-founded Aarin Capital in 2011 with Mohandas Pai and invested $80 million in over 30 startups, including Byju (exited in 2016 with a 10x return), Bluestone, and Vyome Biosciences.

In 2024, he became the largest shareholder in Aakash Institute (a 40% stake) following a $300 million investment. His family office, Claypond Capital, has committed $300 million to fund startups, emphasizing “confidence capital” for entrepreneurs. Pai serves as Chairman of TAPMI, a board member of JSW One, and an advisor at OAKS Asset Management, shaping India’s education, healthcare, and startup ecosystems.

Awards & Nominations

• 2006: Ernst & Young Entrepreneur of the Year Award
• 2012: Padma Shri, Government of India
• 2013: NDTV Indian of the Year Award
• 2024: Paryaya Darbar Award, Sri Putige Mutt, for contributions to education and healthcare

Social Media

Ranjan Pai maintains a limited social media presence.

Personal Life

Ranjan Pai, a visionary entrepreneur and philanthropist, is married, but details about his spouse and children are not publicly disclosed, reflecting his privacy preference. Residing primarily in Bengaluru, India, he is an avid sports enthusiast, particularly of cricket, and co-owns the Royal Challengers Bangalore IPL team.

Net Worth

Ranjan Pai, a visionary entrepreneur and philanthropist, has an estimated net worth of $2.7 billion to $4.6 billion, according to Forbes, ranking him among India’s top billionaires. His wealth stems from his leadership of MEMG, valued at $3 billion, and from his 30% stake in Manipal Health Enterprises ($1.4 billion) and 40% stake in Aakash Institute.