Ajay Piramal
Overview
- Source of Wealth
- Pharmaceuticals
- Industry
- Healthcare
- Residence
- Mumbai
- Education
- University of Mumbai (Bachelor of Arts/Science)University of Mumbai (Master of Business Administration)
- Marital Status
- Married
- Children
- 2
Assets
- Piramal Enterprises101,265,000 shares @ --500302-IN
- Piramal Pharma448,375,000 shares @ --543635-IN
Biography
Ajay 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 inked his biggest deal in 2010 when he sold his domestic formulations business to Abbott Labs for $3.8 billion.
In 2020, Piramal sold his glass manufacturer Piramal Glass to private equity firm Blackstone for $1 billion.
In 2022, Piramal demerged the pharma and financial services businesses of his flagship Piramal Enterprises. Piramal Pharma was listed in October 2022.
Piramal's wife Swati is vice chairperson, while his daughter Nandini and son Anand have board seats.
About
Piramal is a non-executive director of Tata Sons, the holding outfit of Indian conglomerate Tata Group.
His son Anand got married to Mukesh Ambani's daughter, Isha, in December 2018. The wedding cost an estimated $100 million.
Piramal Alternatives, Piramal Group's fund management business, invested 2.5 billion rupees in electric bus maker, PMI Electro Mobility Solutions, in October 2023.