Ajay Piramal leads the Piramal Group, a diversified conglomerate with a presence across 100 countries. Under his leadership the Piramal Group evolved from a textile centric business to a USD 2 billion conglomerate with diversified business interests across pharmaceuticals, packaging, financial services and real estate. Ajay Piramal, an Indian Businessman is a Forbes Billionaire. In 2010, Forbes has estimated his net worth to be US $ 1.0 Billion making him India’s Top 50 richest people. A onetime horse-riding champion, he draws inspiration from the Bhagvad Gita.
In 1988, he bought Nicholas Laboratories, an Australian multinational corporation. The company is now ranked in one of top 10 pharma companies, having made a string of overseas acquisitions like the Indian subsidiaries of Roche, Boehringer Mannheim, Rhone Poulenc, ICI and Hoechst Research Centre. Piramal is also the chairman of the group`s retail operations. India`s first major shopping mall, Crossroads was developed from three redundant Piramal factory buildings in Mumbai.
Ajay Piramal led Piramal Healthcare agreed to buy a 5.5% stake in Vodafone India for Rs.3,007 crore ($618 million), taking the total stake of the cash-rich drug manufacturer in the mobile telecom firm to 11%.
Piramal sits on the board of Directors of Piramal Healthcare Limited, Piramal Life Sciences Limited, Piramal Glass Ltd., Allergan India Limited, Indiareit Fund Advisors Pvt Ltd., IndiaVenture Advisors Pvt Ltd. and Piramal Sunteck Realty Pvt Ltd.
He is Chairman of Pratham India, which is the largest non-governmental organization in the education sector, and reaches out to 33 million children through its “Read India” campaign.
Read more about Ajay Piramal: Positions Held in The Past, Awards Received, Academics, Interests