Viren Merchant is a successful Indian businessman and entrepreneur. He is the CEO of Encore Healthcare, a leading pharmaceutical company in India.
Coming from a well-to-do Gujarati Hindu family, Viren has made significant contributions to the pharmaceutical industry.
He recently gained internet fame when his daughter, Radhika Merchant, married Anant Ambani and became a new member of the Ambani family.
Early Life and Education
Viren Ajitkumar Merchant, born on October 15, 1965, is 58 years old and comes from a prosperous family.
His father, Ajit Kumar Gordhandas, was a successful businessman, while his mother, Indu Gordhandas, a homemaker, passed away in 2014.
Viren has a brother, Sudhir Merchant, who is the Chairman and CEO of Encore Natural Polymers Pvt. Ltd., and two sisters, Rekha Ajay Asher, a businesswoman, and Priti Sanjiv Kapur.
He completed his high school education at The Scholar High School in Mumbai in 1982.
Viren then went to the United States to study at Kent State University, where he earned his bachelor’s degree.
After finishing his studies, he returned to India and joined his family’s business.
Professional Achievements
Today, Viren serves as the Chief Executive Officer and Vice Chairman of Encore Healthcare Pvt. Ltd., a pharmaceutical company based in Mumbai.
Under his leadership, the company has grown significantly and made a name for itself in the industry.
In addition to his role at Encore Healthcare, Viren holds directorships in several other companies, including:
- Encore Natural Polymers Private Limited
- Encore Business Centre Private Limited
- Encore Polyfrac Products Private Limited
- ZYG Pharma Private Limited
- Saidarshan Business Centres Private Limited
- ADF Foods (India) Limited
- Delphinium Realtors Private Limited
These roles have helped him expand his influence and make important contributions to various sectors.
Viren Merchant’s Family
Viren is married to Shaila Merchant, a successful businesswoman.
Shaila holds directorial positions in several companies, including Atharva Impex Private Limited, Haveli Traders Private Limited, and Swastik Exim Private Limited.
Her estimated net worth is around Rs 10 crore.
Together, they have two daughters, Anjali Merchant and Radhika Merchant.
Anjali Merchant, Radhika’s older sister, helped start DryFix, a company that controls moisture. She is also on the board of Encore Healthcare.
Anjali began at Encore as General Manager, then moved to Marketing and Client Outreach before joining the board in 2021.
Radhika is the director of Encore Healthcare Pvt. Ltd. and is engaged to Anant Ambani, the youngest son of Mukesh Ambani, one of India’s most famous business tycoons.
Community and Philanthropy
Viren Merchant is not just a businessman but also a philanthropist.
He is involved in various charitable activities and supports many social causes.
His efforts in healthcare and education have made a positive impact on the community.
He believes in giving back to society and helping those in need.
Net Worth and Lifestyle
Viren Merchant is known for his successful business ventures and has an estimated net worth of around Rs 755 crore.
He owns a luxurious bungalow in Mumbai’s Bandra area, which is worth Rs 120 crore.
In addition, he has several other properties and a collection of luxury cars, including brands like Audi, Mercedes-Benz, and BMW.
This reflects his affluent lifestyle and success in the business world.
Conclusion
Viren Merchant’s life reflects hard work and success, with significant contributions to the pharmaceutical industry.
The Merchant family’s wealth was highlighted by the lavish wedding of Anant Ambani and Radhika Merchant, which cost between Rs 4,000-5,000 crore and sparked discussions about wealth inequality in India.
