A LEGACY OF CARE

FROM A SINGLE CENTRE TO INDIA'S LARGEST PRIVATE HOSPITAL CHAIN BY BEDS, RANJAN PAI HAS RESHAPED HEALTHCARE WITH BOLD BETS AND BIG VISION.

- BY JOE C. MATHEW

JULY 9, 2025 will always remain special for Ranjan Pai, chairman, Manipal Education and Medical Group (MEMG). On that day, Manipal Health Enterprises Pvt. Ltd, the hospital chain founded and promoted by Pai and his family, and majority owned by Singapore's sovereign wealth fund Temasek, announced the acquisition of Pune-based, 11-hospital network, Sahyadri Hospitals. The deal took Manipal's total hospital count to 49, and the total bed count to around 12,000, making it India's largest private hospital network by bed strength.

“It is a proud moment for us to have grown over time from a single hospital in Bengaluru in 1991, into one of the largest hospital networks,” Pai said the next day. He and his family now hold 30% stake in Manipal Health Enterprises, and ranks 94th with a wealth of ₹25,899 crore ($3.02 billion) as of June 30, 2025, according to the 2025 Fortune India-Waterfield Advisors study of India's Top 100 Billionaires.