Ranjan Pai, Chairman of the MEMG (Manipal Education and Medical Group), has taken over from his father Ramdas M Pai as President of the MAHE Trust (Manipal Academy of Higher Education). His father was the founding president of the MAHE Trust for 27 years.
Ranjan Pai has also taken over the position of registrar of the Academy for General Education (AGE) in Manipal. AGE was founded in 1942 by his grandfather TMA Pai, the founder of the Manipal group of institutions.
Ramdas M Pai was a registrar for AGE from January 2009 to July 2018. AGE is the mother of all educational and health institutions founded by the Manipal Group.
A press release on Tuesday said that Ranjan Pai has worked closely with Ramdas Pai and other leading MAHE executives in the areas of strategy, campus development, employee welfare, compensation and expansion of new branches over the past two decades. Ranjan Pai has been a member of the MAHE Board of Management and Trust since 2004.
With expansion plans in the private education and healthcare sector, he invited private equity investments in the group companies in 2005. In a decade and a half, this has meant that business has been highly valued and continues to be attractive. Magnets for private equity investors have also been added. The expansion of health insurance and the acquisition of hospitals would have given the group a dominant national presence in healthcare.