The Ranjan Pai family office: MEMG Family Office


Published: 2025-05-18 Source: Author:
intro:The Ranjan Pai family office: MEMG Family Office

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Rated 5.00 out of 5 €399,99 including VAT This article is the outcome of our research for our list of the biggest . Our list features the most significant family investment vehicles in Asia including the biggest family offices from India, which focus on various sectors such as financial markets, real estate, venture capital, private equity, and renewable energy. The Indian Indian doctor and businessmanRanjan Pai made his fortune largely through his 30% stake in the Indian education and healthcare company Manipal Education and Medical Group (MEMG). The Manipal Group was founded in 1953 by his grandfather, T.M.A. Pai. The family started with India’s first private medical college in Karnataka. Pai transformed the company and founded MEMG in 200o, building it into a leader in healthcare and education with 7 universities and 29 hospitals. Ranjan Pai has amassed a fortune of $2.7 billion from his 30% stake in MEMG. The Singaporean fund Temasek bought the majority of the shares, 59%, in 2023. As well as MEMG, he was also involved in the Manipal Academy of Higher Education – MAHE, which expanded to Malaysia, Dubai and Antigua.The investment focus of the Ranjan Pai family officeRanjan Pai is a very active investor in various start-ups and venture capital funds. His investments are managed through his family office. He has recently set up Claypond Capital, through which he has invested over $300 million in various start-ups. In addition, the MEMG family office is his main investment vehicle. It invests primarily in healthcare, e-commerce and technology companies. Notable investments include Quesscorp, PharmaEasy and FirstCry. The companies are mainly located in India and most of their founders are graduates from Indian Universities.  In 2024 the MEMG Family office was among the top 10 start-ups that invested in start-ups. This year alone it made 12 deals.Source: Picture Source: via Unsplash

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