Email Print Four Scions to Watch Out For Adar Poonawalla Executive Director, Serum Institute of India Cyrus Poonawalla (No. 16) is known as much for his expensive tastes—vintage cars, classic paintings, prize race horses—as for the wealth he made by selling low-priced vaccines across the world. His son Adar (32) inherited many of these traits: He loves fast cars and horses, and flies in a private jet. In the business, though, Adar has shown much more aggression than his father. He led Serum Institute’s entry into new markets such as Russia, Argentina and Nigeria, restructured the company and stepped on the gas with revenues. While Cyrus was sentimental when it came to his employees—even when they made mistakes—Adar is more businesslike about firing people. The youthful aggression apart, Adar has imbibed much from his father, with whom he has been working closely since he finished his university education from the UK. Cyrus says: “His style is fairly similar to mine as he joined me at an early age, when I was able to incorporate certain values and certain principles in him that we as a family-run business use every day. So far this has been very successful. For example, knowing what proposals to pursue and what to drop, being thorough and going into detail and not just scratching the surface—a CEO should be able to question any department on the spot and provide a solution.” Read more: forbesindia/article/india-rich-list-2013/four-scions-to-watch-out-for/36525/2#ixzz2lxrIt0DJ
Posted on: Thu, 28 Nov 2013 18:00:55 +0000
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