Nationality Indian Parents Gopikrishna Piramal | Religion Hinduism Name Ajay Piramal | |
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Residence Mumbai, Maharashtra, India Children Nandini Piramal, Anand Piramal Siblings Ashok Piramal, Dilip Piramal | ||
Net worth 1.96 billion USD (2015) | ||
Walk the talk with ajay piramal
Ajay Piramal (born August 3, 1955) is an Indian businessman. In 2017, Forbes, estimated his net worth to be US $5.6 Billion. He leads the Piramal Group, a diversified conglomerate with a presence across 100 cities. Under his leadership the Piramal Group evolved from a textile centric business to a US$ 7.5 billion conglomerate with diversified business interests across pharmaceuticals, packaging, financial services and real estate.
Contents
- Walk the talk with ajay piramal
- Dare jennings and ajay piramal ideas exchange bbc
- Directorships
- Positions held in the past
- Awards received
- Academics
- Interests
- References
His vision is that the group should rake in an annual revenue of US$20 billion by 2020.
In 1988, he bought Nicholas Laboratories, an Australian multinational corporation. The company, which then competed with the likes of Pfizer and Glaxo, is now ranked fifth among the top 10 pharma companies in India, having made a string of overseas acquisitions like the Indian subsidiaries of Roche, Boehringer Mannheim, Rhone Poulenc, ICI and Hoechst Research Centre. India`s first major shopping mall, Crossroads was developed from three redundant Piramal factory buildings in Mumbai.
Over the past decade, the group has completed more than 20 acquisitions and partnered with global companies such as Merck, Eli Lilly, Pfizer, Abbott, Vodafone, Bio-Syntech, Bayer and Decision Resources Group (DRG). The group is now ranked amongst the 50 largest corporations across India by Fortune 500.
Ajay Piramal led Piramal Enterprises Ltd agreed to buy a 5.5% stake in Vodafone India for Rs. 30.07 billion ($618 million), taking the total stake of the cash-rich drug manufacturer in the mobile telecom firm to 11%. In April 2014, Piramal Enterprises Ltd sold its 11% stake for Rs. 8,900 crore, at a 51.78% premium to the price the company had paid in 2011-12.
After selling his stake in Vodafone, Piramal spent Rs. 2,014 crore to buy a 20% stake in Shriram Capital Ltd, an arm of the Chennai-based Shriram Group. The purchase was made in addition to a Rs. 1,636 crore investment in Shriram Transport Finance Co. Ltd, for a 9.9% stake. Piramal also serves as the Chairman of Shriram Group.
Piramal wears several hats. Besides being on the board of Piramal Enterprises Ltd, Piramal Phytocare Ltd, and Piramal Glass Ltd, he is the Chairman of the Board of Governors of The Indian Institute of Technology, Indore. He is also a strategic member of the Board of Dean’s Advisors at the Harvard Business School in Boston.
Most recently, Piramal was appointed to the Board of Tata Sons, the holding company of the US$103 billion diversified Tata conglomerate, as a Non-Executive Director.
He is Chairman of Pratham, which is the largest non-governmental organisation in the education sector in India, and reaches out to 33 million children through its "Read India" campaign.
Dare jennings and ajay piramal ideas exchange bbc
Directorships
Positions held in the past
Awards received
Academics
Piramal holds B.Sc. (Hons.) degree from Jai Hind College, Bombay University. Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies and Advanced Management Programme from Harvard Business School, USA.
Interests
In his spare time, Piramal likes to indulge in his passion for wildlife photography. He has also co-authored 'Light has come to me', a book about management lessons inspired from The Bhagwad Gita, published by the Times Group. He has also written a dance opera, ‘The Dance of Life’, which premiered in Mumbai in 2004, with stories inspired by the history of Indian science starring Mrinalini Sarabhai and Mallika Sarabhai.