If it happens, it's good; but if it didn't happen, it's still good.
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.
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.
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.
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.