A prominent Indian businessman and CEO and VC of Encore Healthcare PVT. LTD., Viren Merchant’s net worth is estimated to be ₹755 crore (around $90 million). He is known for his influential presence and business acumen in the pharma sector and recently gained recognition as Radhika Merchant’s father and Anant Ambani’s father-in-law.
Wiki: Viren Merchant
| Birth Name/Full Name | Viren Merchant |
| Birth Date and Age | Born 1967 (age 57–58 as of 2025; exact date not widely reported) |
| Birthplace | Mumbai, Maharashtra, India |
| Zodiac | Not publicly available |
| Residence | Mumbai, Maharashtra, India |
| Profession | Businessman, CEO & Vice Chairman of Encore Healthcare Pvt. Ltd. |
| Upcoming Projects | Expansion of Encore Healthcare and related business ventures |
| Active since | Early 1990s (business career began before graduation) |
| Nationality | Indian |
| Religion | Hinduism |
| School | Not publicly reported |
| Education | Graduate (exact degree/institution not specified; started business before completing graduation) |
| College | Not publicly reported |
| Marital Status | Married to Shaila Merchant |
| Kids | 2 daughters (Radhika and Anjali Merchant) |
Viren Merchant Net Worth
As of 2025 and according to Financial Express Viren Merchant’s net worth is estimated at ₹755 crore (approximately $95 million USD). His wealth is primarily sourced from his leadership role as CEO and Vice Chairman of Encore Healthcare Pvt. Ltd., as well as his directorships and investments across several other Indian companies.
| Net Worth | ₹755 crore (approx. $95 million USD) as of 2025 |
| Revenue Streams | CEO & Vice Chairman of Encore Healthcare Pvt. Ltd. (core business: pharmaceuticals, contract manufacturing, exports)
Directorships in companies like Encore Business Centre, Encore Natural Polymers, ZYG Pharma, Sai Darshan Business Centres, Encore Polyfrac Products Investments in real estate and other sectors |
| Luxury items owned | Multiple luxury properties in Mumbai
Stakes in high-value companies. Family reportedly owns premium cars and assets, but specific luxury items are not widely detailed in public sources |
Viren Merchant’s Major Brand Endorsements
He is not affiliated with any major brands and is not involved in any brand endorsements. Viren is known for a low public profile and mainly focuses on his business interests.
Investments and Business Ventures of Viren Merchant
His business and investments centers around Encore Healthcare, which is a top pharmaceutical exporter and manufacturer. Viren’s stake in the company is approximately valued at ₹750 crore. He also has directorships in several other companies belonging to different sectors like, business centers, food processing, and polymers, along with his niche sector pharma.
Viren is the co-founder and vice chairman of Encore Healthcare PVT. LTD and the company is valued at ₹2000 crore. This is his major revenue source.
He also founded ZYG Pharma PVT. LTD. in 1996 which was later sold to Torrent Pharma in 2015. It was a skincare/derma plant.
Other than this, he is the director in different branches of Encore (natural polymers, business center, and polyfrac products) pvt. ltd., along with Sai Darshan Business Centres Pvt. Ltd. and holds the role of non-executive director in ADF Foods Ltd.
He is actively involved in social contributions and philanthropy, focusing mainly on healthcare, child welfare, and education. The entire Merchant family is known to make donations through private trusts and partnerships with NGOs and ENcore Healthcare. Under Viren’s leadership, the companies run several Corporate Social Responsibility (CSR) initiatives including providing free or subsidized medications to underprivileged communities, supporting rural healthcare infrastructure, and funding medical camps. While he maintains a low public profile, his philanthropic impact is recognized within business circles and the healthcare sector.
Viren Merchant’s Personal Life
Born into a Gujarati Hindu business family to Ajit Kumar Gordhandas (businessman) and Indu Gordhandas (housemaker), Viren completed his education and returned to handle father’s business.
He married a businesswoman, Shaila Merchan and the couple have 2 daughters: Anjali (co-founder of DryFix) and Radhika (director at Encore Healthcare).
Viren Merchant’s Records and Achievements
| Encore Healthcare Founder | Co-founded Encore Healthcare Pvt. Ltd. in 2002 with his wife, Shaila Merchant | Built the company into a leading pharmaceutical manufacturer and exporter in India. |
| CEO & Vice Chairman | CEO and Vice Chairman of Encore Healthcare Pvt. Ltd. | The company is valued at approximately ₹2,000 crore; personal stake estimated at ₹750 crore. |
| Business Expansion | Led Encore Healthcare’s global expansion | Exports to USA, Europe, Africa; established R&D department in 2008. |
| Industry Recognition | Recognized as a leading entrepreneur in the Indian healthcare sector | Known for strategic vision and leadership, maintains a prominent business profile. |
| Other Directorships | Director in multiple companies: Encore Business Centre, Encore Natural Polymers, ZYG Pharma, Sai Darshan, Polyfrac | Demonstrates diversified business interests and influence. |
| Net Worth Milestone | Achieved a net worth exceeding ₹750 crore | As of 2025, consistently reported by reputed business media. |
| Innovation in Healthcare | Championed a people-oriented, integrated healthcare network through Encore Healthcare | Focus on connecting service providers, patients, and consumers for efficient healthcare delivery. |
Viren Merchant’s Cars
His fleet includes luxury vehicles, reflecting the family’s taste of high-profile lifestyle.
- Bentley Continental GTC: ₹4.0–4.5 crore (gifted by Ambani family)
- Range Rover Autobiography: ₹2.12 crore
- BMW X7: ₹1.27–1.30 crore
- Toyota Vellfire: ₹1.22–1.32 crore
- Mercedes-Benz S-Class (W221/W220): ₹1.41–2.78 crore
- Mercedes-Benz E220d: ₹72 lakh
Real Estate and Properties of Viren Merchant
He own his primary residence bungalow in Bandra, Mumbai, estimated value at ₹120 crore. It is also the primary residence for the entire Merchant family.
In 2023, Shaila Merchant also purchased a sea-facing luxury apartment (Prestige Ocean Tower) South Mumbai for ₹20.76 crore; 2,565 sq ft, 4 parking spaces.
He also owns various real estate holding across India, however, specific details of these are not publicly disclosed.
Future Plans & Projects of Viren Merchant
Further ahead, Viren is focusing on expanding domestic and international presence of Encore Healthcare, establishing in about 20 countries in next 2 to 3 years across Africa, Asia, LATAM, CIS, and Middle East.
More investments are being made to create and introduce more affordable and healthcare products, improve manufacturing processes. To achieve this new technologies and digital solutions are being integrated into distribution and manufacturing processes.
Additionally, Viren is working towards strengthening and stabilizing Encore’s presence in South India.
Viren Merchant is preparing for succession and handling over international markets to Anjali Majithia and domestic marketing to Rahika Ambani.
