Introduction
Anjali Merchant Majithia is an Indian entrepreneur and business professional who has built a career across pharmaceuticals, beauty services, and other business ventures. She is also known to the wider public as the elder sister of Radhika Merchant, who married Anant Ambani in 2024. However, Anjali has a professional identity of her own and has been involved in business for more than a decade.
Anjali comes from the Merchant family of Mumbai. Her father, Viren Merchant, is associated with Encore Healthcare, a pharmaceutical contract manufacturing company, while her mother, Shaila Merchant, is the company’s managing director. Anjali and her sister Radhika are also directors of Encore Healthcare. Public corporate records currently list Anjali Viren Merchant as a director of the company.
Anjali Merchant Image Courtesy: gqindia.com
Apart from her work with the family business, Anjali has explored entrepreneurship independently. She co-founded Turn The Campus, an online marketplace for college students, and later co-founded Dryfix, a hair styling and treatment business. She is also a designated partner of Myloon Metals LLP, a company incorporated in 2021.
Her education has also played an important role in her career. She studied entrepreneurship and strategic management at Babson College in the United States and later completed an MBA from London Business School. Babson has also highlighted her professional journey and her role in the family’s pharmaceutical business.
Who Is Anjali Merchant?
Anjali Merchant Majithia is the elder daughter of Viren and Shaila Merchant and the elder sister of Radhika Merchant. She was raised in Mumbai and later studied in the United States and the United Kingdom.
Image Courtesy: bollywoodshaadis.com (Anjali Merchant with Her Parents, Husband and Son)
While much of the public attention around the Merchant family has focused on Radhika because of her marriage to Anant Ambani, Anjali has been pursuing her own career for years. Her professional journey includes corporate roles, entrepreneurship and board-level responsibilities.
According to corporate records, Anjali has been associated with Encore Healthcare for several years. She is also listed as a designated partner of Dryfix Personal Care LLP and Myloon Metals LLP.
Her career is therefore not limited to one company or one industry. She has worked in marketing and business development, experimented with a student-focused startup, entered the beauty-services sector and later became involved with a metals-recycling business.
Family Background
Image Courtesy: Instagram (Anjali Merchant with Her Mother, Sister, and Son)
Anjali was born into a business family in Mumbai. Her father, Viren Merchant, is a businessman associated with Encore Healthcare, while her mother, Shaila Merchant, is the managing director of the company.
Encore Healthcare operates in pharmaceutical manufacturing and drug formulation and development. The company was incorporated in 2002 and is an unlisted private company. The latest publicly available company information shows revenue of approximately ₹128.04 crore for FY2025, compared with about ₹125.5 crore in the previous year, according to company-data records.
The company’s current directors include Viren Merchant, Shaila Merchant, Anjali Merchant, Radhika Merchant and Aman Majithia.
This background gave Anjali early exposure to business, but her career also includes ventures outside the family’s pharmaceutical company.
Education
Anjali’s educational background combines business studies with international exposure.
She attended The Cathedral and John Connon School and later École Mondiale World School in Mumbai. She then moved to the United States for higher education.
Anjali studied at Babson College in Massachusetts, where she earned a Bachelor of Science degree focused on Entrepreneurship and Strategic Management. Babson is particularly known for its entrepreneurship-focused business education. Babson’s own publication has identified Anjali as a member of its 2012 undergraduate class.
During her college years, she also spent a semester at the University of Virginia through an international study program. Reports about her education say that she travelled to several countries during this period and worked on projects related to economics, global studies and languages.
After gaining work experience, Anjali continued her education and completed an MBA from London Business School, where her LinkedIn profile lists her as studying from 2016 to 2018.
Her education is important to understanding her career because entrepreneurship and management have been consistent themes throughout her professional journey.
How Anjali Merchant Started Her Career
Anjali’s career started well before she became widely known through the Merchant family’s association with the Ambani family.
According to published reports, she gained early experience through internships. Her reported early experience included an internship at advertising company Publicis in 2006. She later worked as an intern with pharmaceutical company Merck. She also gained experience with Bayer in Germany through a marketing-related internship.
These experiences gave her exposure to different industries, including advertising, pharmaceuticals and marketing.
Rather than immediately taking a senior position in the family business, she spent time gaining experience and developing her own professional skills.
Career at Encore Healthcare
Image Courtesy: Encore Healthcare / Official Website
Anjali eventually joined Encore Healthcare, the pharmaceutical business associated with her family.
Reports say that she worked in marketing and client outreach from 2012 to 2014. She then moved into the role of General Manager – Business Development, which she held from 2014 to 2016.
This progression is significant because business development involves more than simply managing day-to-day operations. It can include developing relationships with clients, identifying opportunities, understanding markets and supporting business growth.
Corporate records show Anjali as a director of Encore Healthcare. Her current director association is also reflected in corporate databases, which list her alongside other members of the Merchant family and Aman Majithia.
There is a small difference between media reports and corporate records regarding the exact date of her board appointment. Some reports describe her as becoming a director in 2021, while corporate records show her director appointment dated September 30, 2016.
For that reason, the corporate filing date is the more useful reference when discussing her formal directorship.
Turn The Campus: An Early Startup
Anjali has also experimented with entrepreneurship outside the family business.
One of her early ventures was Turn The Campus, an online marketplace designed for college students and campus communities. The platform aimed to help students buy, sell and request products and services within their college community.
The business was co-founded by Anjali and operated during her earlier entrepreneurial years. However, the venture was eventually discontinued. Media reports place its closure around 2012.
Although Turn The Campus did not become a long-term business, the experience gave Anjali an opportunity to work on a startup and understand the challenges of building a consumer-focused platform.
Dryfix: Anjali Merchant’s Beauty Business
One of Anjali’s better-known independent ventures is Dryfix, a hair styling and treatment business.
Dryfix was started in 2018 and focuses on specialised hair services such as blow-drys, hairstyling and related treatments. The company describes itself as a chain of hair styling and treatment clubs offering quick specialised services. Its LinkedIn profile currently identifies it as a Mumbai-based consumer-services business with a team size of around 11–50 people.
Anjali is associated with Dryfix as a co-founder and has been described as its COO. The business has also attracted attention because its services have been used by Bollywood personalities, including Alia Bhatt and Tabu, according to media reports.
The idea behind Dryfix was different from Encore Healthcare. Instead of working in pharmaceuticals, Anjali entered the consumer beauty and personal-care market.
According to published accounts, the idea was developed while she was pursuing her MBA. She reportedly tested the concept directly with customers before building the business. This included offering hairstyling services and observing customer interest before expanding the concept.
The example shows how Anjali’s career has included both corporate business and hands-on entrepreneurship.
Anjali Merchant’s Personal Life
Image Courtesy: Instagram (Anjali Merchant with Her Husband)
Anjali married Aman Majithia in 2020. Their wedding took place in Goa, according to media reports. Aman Majithia is a businessman and has been associated with the online retail venture Vataly as its founder. He is also listed as a director of Encore Healthcare.
The couple has a son. Anjali’s pregnancy became publicly visible around the time of family celebrations connected with Radhika Merchant’s wedding festivities, and media reports later confirmed that Anjali and Aman welcomed their son.
Anjali generally keeps much of her personal life away from the public spotlight. Most of the information available about her relates to her education, business career and family appearances.
Anjali Merchant and Radhika Merchant
Image Courtesy:abplive.com (Anjali Merchant with Her Sister)
Anjali is Radhika Merchant’s elder sister. Both sisters have been associated with Encore Healthcare and have served as directors of the company.
Their professional connection is particularly interesting because both have business and management backgrounds but have also pursued different interests. Radhika has become widely known because of her relationship and marriage to Anant Ambani, while Anjali has maintained a comparatively lower public profile.
Babson College has also described Anjali as a business leader involved with Encore Healthcare alongside her sister.
The sisters therefore represent the next generation of the Merchant family’s involvement in the business.
Anjali Merchant’s Net Worth
Anjali Merchant’s exact personal net worth is not publicly disclosed but some media reports have attempted to estimate the wealth of the wider Merchant family or have linked Anjali’s financial position to the value of Encore Healthcare. However, a company’s revenue or estimated valuation cannot automatically be treated as the personal net worth of one director.
For example, Encore Healthcare reported approximately ₹128.04 crore in revenue in FY2025, according to available company-data records. The company is private and unlisted.
Older media reports have described the family business as having a valuation of around ₹2,000 crore, but these figures should be treated as media estimates rather than a current independently verified valuation.
The same caution applies to estimates of Anjali’s personal wealth. Her family’s business assets, her directorships and her entrepreneurial interests do not provide enough publicly disclosed information to calculate her individual net worth accurately.
Encore Healthcare: Revenue and Business Scale
For readers interested in the financial side of Anjali’s career, Encore Healthcare provides some publicly available numbers.
The company was incorporated in 2002 and operates in pharmaceutical manufacturing and drug formulation and development. According to available FY2025 company data, Encore Healthcare recorded revenue of ₹128.04 crore, representing approximately 2% year-on-year growth. The company had around 375 employees according to the latest available employee information.
The company is unlisted, meaning its shares do not trade publicly on Indian stock exchanges. As a result, detailed market-based valuation information is not readily available.
Company records also show authorised capital of ₹1.5 crore and paid-up capital of approximately ₹1.09 crore.
These figures relate to the company, not Anjali’s personal earnings or wealth.
Conclusion
Anjali Merchant Majithia is much more than Radhika Merchant’s elder sister. She has developed a career involving business management, entrepreneurship and family-business leadership.
Her professional journey began with internships and early work experience before she joined Encore Healthcare. At the company, she worked in marketing, client outreach and business development before becoming part of its board. Corporate records continue to list her as a director.
Outside Encore Healthcare, Anjali explored entrepreneurship through Turn The Campus and later Dryfix, a hair styling and treatment business. She is also associated with Myloon Metals LLP.
Her personal life has also attracted public attention because she is the elder sister of Radhika Merchant. Anjali married Aman Majithia in 2020, and the couple has a son.
Financially, it is important to separate verified company figures from personal wealth estimates. Encore Healthcare reported around ₹128.04 crore in FY2025 revenue, but there is no reliable public disclosure of Anjali Merchant’s personal annual income or exact net worth.
Overall, Anjali’s story is one of a business professional who has combined formal management education, corporate experience and entrepreneurship. While her family background gave her early exposure to business, her career has included ventures and responsibilities across several industries.
Frequently Asked Questions:
Who is Anjali Merchant?
Anjali Merchant is an Indian entrepreneur and business professional and the elder sister of Radhika Merchant.
Who are Anjali Merchant’s parents?
Her parents are businessman Viren Merchant and businesswoman Shaila Merchant.
Who is Anjali Merchant’s sister?
Anjali Merchant’s younger sister is Radhika Merchant, who is married to Anant Ambani.
What does Anjali Merchant do?
She is involved in entrepreneurship and business management and is associated with Encore Healthcare and other ventures.
Where did Anjali Merchant study?
She studied entrepreneurship and strategic management at Babson College and later completed an MBA from London Business School.
When did Anjali Merchant start her career?
Anjali began her professional career with internships and later joined Encore Healthcare in marketing and business development.
What is Anjali Merchant’s role at Encore Healthcare?
Anjali Merchant is a director of Encore Healthcare, the pharmaceutical company associated with her family.
What is Dryfix?
Dryfix is a hair styling and treatment business that Anjali Merchant co-founded in 2018.
Did Anjali Merchant start any other business?
Yes, she co-founded Turn The Campus, an online marketplace aimed at college students.
Who is Anjali Merchant’s husband?
Anjali Merchant is married to businessman Aman Majithia.
When did Anjali Merchant get married?
Anjali Merchant married Aman Majithia in 2020.
Does Anjali Merchant have children?
Yes, Anjali Merchant and Aman Majithia have a son.
What is Anjali Merchant’s net worth?
Her exact personal net worth has not been publicly disclosed through reliable sources.
What is Anjali Merchant’s annual income?
There is no reliable publicly available figure for Anjali Merchant’s personal annual income.
What is the revenue of Encore Healthcare?
Encore Healthcare reported approximately ₹128.04 crore in revenue for FY2025.
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