Adar Poonawalla acquires London's priciest mansion for Rs.138M

15 Dec 2023 CW Team

The acquisition is set to be made by Serum Life Sciences, a privately held UK subsidiary of the Poonawalla family's Serum Institute of India. Although the Poonawalla family has no plans to permanently relocate to the UK, the mansion will serve as a base for the company and family during their visits to the country, according to the report.

This purchase is poised to become the second-most expensive home ever sold in London. Serum Life Sciences, in 2021, announced a ?50 million funding initiative to establish The Poonawalla Vaccines Research Building at the University of Oxford. This research facility, focusing on vaccinology, will house over 300 research scientists. Serum Institute has previously collaborated with Oxford University's Jenner Institute for the development and global rollout of the Oxford/AstraZeneca COVID-19 vaccine.

Adar Poonawalla, who graduated from the University of Westminster in London, joined Serum Institute in 2001. In 2011, he took over as CEO from his father, Cyrus Poonawalla, whose net worth is estimated at $22.1 billion, placing him among India's wealthiest individuals. Serum Institute, headquartered in Pune, is the world's largest producer of vaccines. The Poonawalla family also holds a majority stake in the listed financial services firm Poonawalla Fincorp.

In a similar high-profile real estate deal, earlier this year, Indian billionaire Ravi Ruia purchased a London mansion linked to Russian property investor Andrey Goncharenko for Rs 12 billion. The Hanover Lodge mansion, located at 150 Park Road and overlooking Regent?s Park, was acquired by the family office of Ruia, co-owner of investment firm Essar Group, marking one of the capital?s significant residential transactions in recent years, as reported by Bloomberg.

Indian billionaire Adar Poonawalla has reportedly agreed to acquire Aberconway House, a mansion near Hyde Park in London, for ?138 million or Rs 14.4 billion. The Financial Times cited sources revealing that this is the most expensive home sold in the city this year. The 25,000 square foot property is currently owned by Dominika Kulczyk, daughter of the late Polish businessman Jan Kulczyk, the wealthiest man in Poland during his lifetime. The acquisition is set to be made by Serum Life Sciences, a privately held UK subsidiary of the Poonawalla family's Serum Institute of India. Although the Poonawalla family has no plans to permanently relocate to the UK, the mansion will serve as a base for the company and family during their visits to the country, according to the report. This purchase is poised to become the second-most expensive home ever sold in London. Serum Life Sciences, in 2021, announced a ?50 million funding initiative to establish The Poonawalla Vaccines Research Building at the University of Oxford. This research facility, focusing on vaccinology, will house over 300 research scientists. Serum Institute has previously collaborated with Oxford University's Jenner Institute for the development and global rollout of the Oxford/AstraZeneca COVID-19 vaccine. Adar Poonawalla, who graduated from the University of Westminster in London, joined Serum Institute in 2001. In 2011, he took over as CEO from his father, Cyrus Poonawalla, whose net worth is estimated at $22.1 billion, placing him among India's wealthiest individuals. Serum Institute, headquartered in Pune, is the world's largest producer of vaccines. The Poonawalla family also holds a majority stake in the listed financial services firm Poonawalla Fincorp. In a similar high-profile real estate deal, earlier this year, Indian billionaire Ravi Ruia purchased a London mansion linked to Russian property investor Andrey Goncharenko for Rs 12 billion. The Hanover Lodge mansion, located at 150 Park Road and overlooking Regent?s Park, was acquired by the family office of Ruia, co-owner of investment firm Essar Group, marking one of the capital?s significant residential transactions in recent years, as reported by Bloomberg.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..