Cyrus Poonawalla was born in a family that had old ties to India racing circuit, through the family Poonawalla Stud Farms. At a young age, Poonawalla realized that since the horse racing had no future in a socialist nation like India, he needed to explore other venues. He realized that creating a product for the masses than for the elite would be a smarter move. The Serum Institute of India was founded by the Poonawalla in 1966, and they launched their first therapeutic tetanus serum within two years and started producing the anti-tetanus vaccines soon after.
Source - IndiaTV News
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