Ajay Piramal


Ajay Piramal
Born 20 December 1955 (age 56)
Rajasthan, India
Residence Mumbai, Maharashtra, India
Nationality Indian
Alma mater University of Mumbai
Occupation Chairman of Piramal Healthcare
Net worth $1.4 billion (2011)
Religion Hinduism
Spouse Swati Piramal
Children Anand Piramal
Nandini Piramal


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.[7]


Positions held in the past

[8]

  • Member, Hon’ble Prime Minister’s Task Force on Pharmaceuticals & Knowledge-Based Industries constituted by the Government of India.
  • Member, Hon’ble Prime Minister’s Council for Trade & Industry.
  • Member, Board of Trade Constituted by the Ministry of Commerce.
  • Member, Central Board of Directors of State Bank of India – India’s largest commercial bank and is included in the “Fortune 500” companies;
  • Mr. Piramal has been attending the Annual Meeting of World Economic Forum in Davos (Switzerland) by invitation over the last one decade. He was a Member of the World Economic Forum’s Governors’ Forum on Healthcare. He has often addressed at the WEF on various topics.
  • Member of National Council of Confederation of Indian Industry (CII), which is one of the largest industry associations in India.
  • Former Chairman of the Drugs and Pharmaceutical Council of CII. (2004 to 2009)
  • Spokesperson of ‘Help Your Body’, a nationwide pub¬lic health campaign against chronic disease, launched by former President of India, APJ Abdul Kalam, in August 2008

Awards Received

  • Awarded “Entrepreneur of the Year” Award of UK Trade & Investment Council (2006)
  • “India Innovator of the Year 2008” Award by CNBC TV 18

Academics

[20] Mr. Piramal holds B.Sc. (Hons.), Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies and Advanced Management Programme from Harvard Business School, USA. He is an honours graduate in Science from Bombay University.

Interests

In his spare time Mr Ajay 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 pre¬miered in Mumbai in 2004, with stories inspired by the history of Indian science starring Mrinalini and Mallika Sarabhai.

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