Ajay Piramal

About Ajay Piramal

Birth Day: August 03, 1955
Birth Place: Mumbai, India, India
Birth Sign: Virgo
Residence: Mumbai, Maharashtra, India
Alma mater: Jai Hind College Jamnalal Bajaj Institute of Management Studies Harvard Business School
Occupation: Chairman of Piramal Group & Shriram Group
Spouse(s): Swati Piramal
Children: Anand Piramal Nandini Piramal

Ajay Piramal Net Worth

Ajay Piramal was bornon August 03, 1955 in Mumbai, India, India. Ajay Piramal chairs Piramal Enterprises, a company with interests in pharma, healthcare and financial services. Piramal started out in his family's textile business at age 22 in 1977 but went on to build a pharma empire through acquisitions. Piramal's inked his biggest deal in 2010 when he sold his domestic formulations business to Abbott Labs for $3.8 billion. Piramal's wife Swati is vice-chairman while his daughter Nandini and son Anand have board seats.
Ajay Piramal is a member of Health care

💰 Net worth: $4.5 Billion (Updated at 22 June 2018)

2010 $1 Billion
2011 $1.4 Billion
2012 $1.4 Billion
2013 $1.6 Billion
2014 $1.45 Billion
2015 $2 Billion
2016 $1.8 Billion
2017 $3.7 Billion
2018 $4.43 Billion

Famous Quotes:

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

Awards and nominations:

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.

Biography/Timeline

1988

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.

2014

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.

2018

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.

2019

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.