Ranjan Pai

Medical doctor Ranjan Pai controls Manipal Group, an education and healthcare empire with six colleges and 16 hospitals.

Pai’s Manipal University has overseas campuses in Malaysia, Antigua, Dubai and Nepal.

Pai also has interests in stem cell research and student hostels.

Pai acquired a 51% stake in Cigna TTK Health Insurance, which will now be referred to as Manipal Cigna Health Insurance.

His $840 million bid for hospital chain Medanta, owned by heart surgeon Naresh Trehan, fell through in August 2019 as they disagreed on valuation.