Ajay Piramal
Chairman, Piramal GroupBirth Details1955
NationalityIndian
LeagueBusiness Leader
EducationBSc, Mumbai University; Master’s in Management Studies, Jamnalal Bajaj Institute of Management Studies; Advanced Management Programme, Harvard Business School
Net Worth$2.4 billion (as of August 18, 2020)
Ajay Piramal's Assets:
Ajay Piramal's Journey so far ...
Before you go...
- Piramal Group
Ajay Piramal's Journey so far ...
- A third-generation entrant, Ajay Piramal was 22 when he joined his family’s textile business in 1977. His grandfather Parimal Chatrabhuj had started the business in 1934
- A couple of years after he joined, his father passed away followed by his older brother. By the time he reached the age of 30, he was already handling the business
- He was soon to expand and in 1984, acquired Gujarat Glass
- In 1988, Piramal forayed into the pharmaceuticals business with the acquisition of Nicholas Laboratories and Nicholas Piramal India Ltd. was formed
- A series of acquisitions (including that of several international firms) were to follow. In the next two decades, Piramal acquired around 15 more businesses in the pharma sector and formed strategic partnerships with several others
- He also expanded the company’s glass business and eventually entered the real estate and financial services sectors
- In a high-profile deal, Piramal sold the domestic formulations business of Piramal Healthcare to the US-based Abbott Laboratories for $3.72 billion in 2010
- However, this was not the end of the road for the pharma giant. Piramal retained the drug discovery, over-the-counter (OTC) consumer products and contract manufacturing divisions which in the years to come saw considerable growth
- In September 2012, he became the chairman of Piramal Enterprises Ltd.
- He was named chairman of Shriram Capital Ltd. in November 2014
- Piramal joined the board of Tata Sons Ltd. in August 2016
- Today, the Piramal Group is a global giant with offices in over 30 countries, its products are sold in over 100 global markets and the company employs around 10,000 people
- With the Piramal Foundation, Ajay Piramal supports sustainable development across 25 states in India. The foundation’s programs have reached over 100 million people in the country so far
Before you go...
- Piramal is an ardent follower of the teachings of the Bhagavad Gita
- He pursues wildlife photography as a hobby
- His son Anand’s marriage with fellow business tycoon Mukesh Ambani’s daughter Isha in 2018 was one glitzy affair that had the nation’s attention for several days
Last Updated: 12/02/2021
Ajay Piramal News
- Anand Piramal appointed as Chairman of Piramal FinanceAnand Piramal assumes the role of chairman at Piramal Finance, succeeding his father, Ajay Piramal, after the merger of Piramal Enterprises. The board also accepted the resignations of Ajay and Swati Piramal, with Ajay continuing to lead Piramal Group. Jairam Sridharan will be the MD & CEO, while new independent and non-executive directors have been appointed, pending shareholder approval.
- TV Narendran likely to join Tata Sons boardT.V. Narendran, the global CEO and MD of Tata Steel, is likely to be appointed to the Tata Sons board as a group representative, following discussions with Chairman N Chandrasekaran. This move comes as Ralf Speth steps down, creating an opening alongside other recent departures.
- Piramal Enterprises expects asset under management to cross Rs 1 lakh cr in FY26Piramal Enterprises anticipates its AUM to surpass ₹1 lakh crore in FY26, driven by strong retail and wholesale business performance. The company's AUM grew 17% to ₹80,689 crore in FY25. Piramal Finance's merger with Piramal Enterprises is expected to conclude by September 2025, with projected consolidated PAT exceeding ₹1,300 crore in FY26.
- Piramal Enterprises Q4 Results: Profit declines 25% to Rs 102 crorePiramal Enterprises on Tuesday reported a 25 per cent fall in consolidated profit in the March quarter to Rs 102 crore. The city-headquartered entity primarily engaged in financial services had reported a net profit of Rs 137 crore in the year-ago period.
- Students surprised as scholarship money arrives in days in Rajasthan schoolsStudents at Hameeri Kalan Senior Secondary School in Rajasthan celebrated receiving their scholarship funds instantly, thanks to Digi Vritti. This digital pilot program aims to streamline the scholarship system by ensuring timely delivery of funds, increasing transparency and efficiency, and alleviating perennial delays.
- In an emotional farewell, thousands gather to pay tribute to Ratan TataIn a poignant farewell, thousands gathered at NCPA to pay respects to Ratan Tata. Ministers, business leaders, and celebrities attended his cremation. Tata, remembered for his compassion, was cremated with full state honours. Family members spanning four generations performed the last rites privately.
- Piramal Finance plans up to $500 million debut dollar-bond issueBillionaire Ajay Piramal’s firm is in talks with a group of global investment banks to raise $300 million to $500 million via such notes with a tenor of three to five years, the people said, asking not to be identified as the discussion are private.
- Narayanan Vaghul cremated in Chennai, industry doyens pay last respects to veteran bankerVeteran banker and Padma Bhushan recipient Narayanan Vaghul, who passed away on May 18 at the age of 88, was cremated in Chennai on Sunday. Industry leaders including Ajay Piramal and R Seshasayee paid their respects. Vaghul, former head of ICICI, was remembered for his significant contributions to the banking sector, particularly in mentoring many successful women bankers. Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das also offered condolences.
- "If we work together, India can achieve all SDGs by 2030" says Ajay Piramal at CII Annual Business Summit 2024Underscoring the rapid progress expected over the next two decades, he said, "Let's say in 2047, we'll have - we'll be the third-largest economy, maybe a USD 40 billion economy. Even now, in the next - I think by 2029, we'll be the third-largest economy. So only the U.S. and China will be ahead of us. So that's a big progress the country is making."
- What is needed to make India a $10-trillion economy? Ajay Piramal, Falguni Nayar, SN Subrahmanyan & Rohit Jawa explore the possibilities in a panel discussionIndia's $10-trillion economy prospects discussed by industry leaders, emphasising digital revolution, infrastructure transformation, consumption growth, financial sector role, employment challenges, urban planning needs, and women's empowerment for achieving targets.
- Piramal Realty, ISKCON inaugurate Radha Govindadeva Mandir in ThaneThe temple complex, spread over approximately 4,000 sq. ft., is situated within the Piramal Vaikunth residential complex in the city. The temple in Piramal Vaikunth, Thane, is the first ISKCON temple inside a gated community in Maharashtra, the company said in a press release.
- The Economic Times Awards for Corporate Excellence 2023: The biggest stars of India Inc are ready. Are You?The Economic Times Awards for Corporate Excellence 2023 will be held in Mumbai. The event will feature panel discussions, fireside chats with Nirmala Sitharaman and S Jaishankar, and the presentation of awards to various individuals and companies.
- Brookfield, GIC, Alpha Wave eye Blackstone company PGP GlassThe buyout funds are competing with PAG and Apollo Global Management who are still believed to in the fray but not that aggressive as the top three. Alpha Wave -- previously Falcon Edge Capital, has so far been a big backer of Indian start-ups like Lenskart, Off Business, Cred, DailyHunt, Cars 24, Dream 11 as well as global marque brands and ventures like Aman Resorts, Didi, Space X, Ant and Alibaba Group.
- Ambani, Adani, Birla among India Inc's bigwigs setting sail for Ayodhya's D-DayReliance Industries chairman Mukesh Ambani, Aditya Birla Group chairman Kumar Mangalam Birla, Tata Sons chairman N Chandrasekaran and Adani Group chairman Gautam Adani are among India's top business leaders who will be seen at the ceremony with a guest list of more than 10,000. The captains of Indian industry will join the scrum of VVIP arrivals at the small temple town, which will also see achievers from the world of entertainment, sport, politics, faith, public life and the arts.
- 'Plan to double loan book size to '1.2-1.3 lakh crore by FY28'Piramal Enterprises plans to double its loan book by FY28, with a focus on retail loans, according to Chairman Ajay Piramal. The company aims to reduce the size of its wholesale book and lend to mid-sized corporates while exiting its legacy wholesale book. The new loan book will be more granular, with smaller loan sizes and a focus on interest and regular repayments.
- Grow, credit, grow! 18-20% a yearTo usher in India's next growth stage, the country would need credit to grow by 18-20% annually. Banks may fall short in meeting this demand. NBFCs, along with banks, can play an essential role in meeting the nation's demand for credit. The number of private banks also needs to increase to foster better competition and augment financial inclusion.
- We have adequate capital to grow for the next 4-5 years: Ajay PiramalThere is some value that we can see in the acquisition and it is at the right price. So, combination of all this, we do look at it.
- India’s Piramal plans to raise $1.5bn for private creditPiramal Alternatives plans to raise $1.5 billion for investment in India’s high-yield companies via private credit, according to its chief executive officer. The unit of Piramal Group, which is controlled by billionaire Ajay Piramal, has four existing private credit funds that together have raised $4 billion, said Kalpesh Kikani, managing director and chief executive officer at Piramal Alternatives.
- Why India is performing better than its global peers? Ajay Piramal answersOne is I think the way we managed COVID, whether for the population, for the economy has been exemplary. I do not think any other large country has done what we did. There was a shock at the first time COVID was. When the second time COVID wave came in, again, there was a fear.
- India is 'capital starved', needs to work towards getting capital to become USD 5-trillion economy: Ajay PiramalSpeaking at the Times Network India Economic Conclave 2023, he said India must learn from the rest of the world and allow pension funds and provident funds to invest into many companies instead of restricting them into investing mainly on government securities. Piramal, who was bullish on the future of the Indian economy, said this is the best time the country has had and "we want to grow faster".
- Tycoon Piramal, TPG weighing exit from Shriram GeneralPiramal and TPG are jointly working with an adviser on divesting a combined 30% stake in the holding company of Shriram General Insurance Ltd. Shriram General Insurance Holdings could be valued at more than $2 billion in a transaction. Considerations are at an early stage and details may still change
- View: Budget's 'Saptarishi' construct will unleash India's growth potential in the years to comeThe key message of this budget is the continued focus on public capex. As the economy gathers momentum, continued public capex is expected to gradually crowd-in private players enabling an environment of all-rounded and sustained economic growth and high job creation over the next few years.
- Isha Ambani, husband Anand Piramal become parents to twinsIsha Ambani-Piramal and Anand Piramal on Sunday announced that the couple have been blessed with a set of twins on Saturday, November 19, news agency IANS reported. They are - a baby girl named Aadiya and her twin brother Krishna. Both the infant siblings are doing well, said the two elated families, rejoicing over the happy development.
- We are on track to have two listed entities in Q3 of this year: Ajay Piramal"We are moving towards making a much more granular book in the financial services business. Today we have about 43-44% of our book as retail and the balance is wholesale. Earlier before DHFL, it was like 90:10. In the next few years, we want to make it two-thirds retail and one-third wholesale."
- The next stretch, India@100: When will country's real transformation happen?India's people and public systems have enough power to make a complete socioeconomic transformation in India@100. While this appears rather daunting, we have 25 years to achieve this. The need of the hour is for some big ideas that can unleash transformation at scale and speed.
- How will global recession impact India? Ajay Piramal answers“If India has to grow, financial services has to grow. If we take 7-8% as the real growth rate and add inflation to it, it would be 12-13% and normally credit grows at least 1.5 times that. So to get any industry or any business where 16% to 18% should be the annual growth rate is a good industry to be in.”
- Piramal Enterprises Q4 Results: Firm posts profit of Rs 151 cr vs loss of Rs 510 croreFor the whole financial year 2021-22, it reported a 41 per cent jump in the net profit at around Rs 2,000 crore, it said in a release. During the year, Piramal enterprises completed its acquisition of distressed home financier – Dewan Housing Finance (DHFL).
- Ajay Piramal awarded for services to UK-India trade relationshipPiramal Group Chairman Ajay Piramal has received the prestigious Commander of the Order of the British Empire (CBE) award, a release said on Tuesday. Piramal has received the award for services to the UK-India trade relationship as India Co-Chair of the UK-India CEO Forum.
- Let a hundred banks (on tap) bloomThe rules have been amended to provide banking licences on tap. But no licence for a universal bank has been issued since these were framed. The regulatory suspicion against corporate ownership of banks goes back to an era when they were nationalised.
- Expect more rate hikes; GDP can come down 1-1.5%: Ajay Piramal“After the IL&FS crisis, a lot of companies and NBFCs and us in particular, have strengthened capital. Our capital adequacy ratio today is almost 40% so that if there is any uncertainty, we should be able to weather the storm and grow further. Size is becoming more and more important because the operating costs can be spread out and the stronger companies will become stronger, increasing profitability.”
- Post merger with DHFL, retail loans have gone up to 34%: Ajay Piramal“In retail loan, our focus has been to move into both salaried as well as non-salaried on one hand and to move from the larger cities and the metros into the tier two and tier three cities.”
- Shriram Group closing in on merger, insurance biz to be hived off into separate entityMorgan Stanley and ICICI Securities are advising Shriram Capital, the unlisted holding company of the group. The proposed reorganisation, if approved by a majority of minority shareholders and regulators, will lead to a simplified corporate structure and allow its investors— billionaire Ajay Piramal and TPG Capital —an exit from the privately held entity.
- Ajay Piramal explains pharma business demerger, growth prospects and more“Whatever we committed to the market we have delivered and probably a little more than that. We had committed that we will bring in equity of Rs 10,000 crore, we got Rs 18,000 crore. ”
- Our footprint was more in larger cities, now we will get into Bharat: Ajay Piramal, Chairman, Piramal GroupWe believe that one of the biggest growth areas for the country are going to be the emerging India or Bharat. In tier two, tier three, tier four cities and therefore with the branches and the understanding of the market, not only do we have an opportunity as far as affordable housing finance is concerned but in other areas as well.
- After acquisition of DHFL, Piramal Group sets eyes on demerger of pharma businessPiramal Enterprises (PEL) has completed the acquisition of Dewan Housing Finance (DHFL) by paying Rs 34,250 crore to creditors of the troubled housing finance company.
- NITI Aayog and Piramal Foundation jointly launches program for home-care support to Covid patientsThe campaign is expected to play a key role in district preparedness for managing nearly 70% of Covid cases at home, reducing pressure on the health system, and stemming the spread of fear amongst the people. The campaign will also undertake capacity building of citizens for correct usage of Oxygen concentrators that have been supplied to these districts.
- Maharashtra government taking calculated risk: Thackeray on easing of curbsThe state government has announced a five-level plan to relax the coronavirus-induced restrictions in the state from Monday, based on the weekly positivity rate and the occupancy of oxygen beds. A notification to this effect was issued on Friday night.
- Kapil Wadhawan appeals against NCLAT stay on his offer for DHFL in SCNCLAT on May 25 stayed the Mumbai NCLT’s order directing the administrator of DHFL to consider a settlement proposal from its former promoter Kapil Wadhawan.
- Piramal Enterprises Q4 results: Net loss narrows to Rs 510 croreRevenue from operations stood at Rs 3,401.56 crore in the quarter under review. It was Rs 3,341 crore in the year-ago period, it added.
- COVID-19: Maharashtra CM meets business leaders to discuss mitigation planThe virtual meeting, held early in the afternoon between the CM and the industrialists, was led by banker Uday Kotak, who is the national president of industry lobby CII, officials said.
- View: A guru and a tycoon feel India’s endless bank salvage painThe state-dominated lending system’s aggregate balance sheet had a gaping hole even before Covid-19. Now things could turn uglier. The regulator’s latest stress test projects nonperforming assets to jump to 13.5% of loans and advances by September in its baseline scenario, and 14.8% in the worst-case situation, almost doubling from 7.5% a year earlier.
- Lay down clear deadlines: Ajay Piramal to DHFL lendersThe letter dated Monday was addressed to the RBI-appointed administrator — R Subramaniakumar, who has been running the troubled home financier along with other advisors like E&Y. The central bank had superseded the erstwhile management.
- Blackstone pays $800 million for Piramal Glass; $200 mn payout linked to future performance milestonesBlackstone will be paying $800 million upfront and another $200 in future pay outs linked to performance linked milestones over the next 2-3 years, said people aware of the discussions. The manufacturing operations that Blackstone will acquire in this transaction located in the Asia, namely India and Sri Lanka.
- Blackstone makes $800-million play for Piramal Glass businessPartners Group, a Swiss private market investment manager, may submit a competing offer. Apollo Global Management and Renuka Ramnath’s Multiples Alternate Asset Management opted out, by not submitting binding offers.
- Piramal Enterprises Q2 results: Profit rises 14% to Rs 628.31 croreThe company had posted a net profit of Rs 551.37 crore for the corresponding period of the previous fiscal, Piramal Enterprises said in a regulatory filing.
- Apollo, Multiples join race for Piramal’s glass bizThe two join Blackstone, the world’s largest PE firm, and Partners Group Holding AG for the buyout, which could be in the range of Rs 7,000 crore to Rs 8,000 crore ($1 billion), the people mentioned above add.
- Ajay Piramal’s glass business up for grabs in likely $1 billion saleGlobal buyout funds such as KKR, Advent, Carlyle, TPG and Blackstone, investment companies like Temasek and global rivals such as Saverglass and Veriscence are being tapped.
- Carlyle sees India M&A accelerating on pharma, technology dealsThe U.S. firm has announced two deals in India in the past month -- an acquisition of a 20% stake in billionaire Ajay Piramal’s pharmaceutical business for $490 million and paying $235 million for a stake in Bharti Airtel Ltd.’s data-center business.
- Indian billionaire seeks funds to rescue half-built homesThe focus is on developers the lender has already provided loans to, Jijina said.
- Piramal Enterprises raises Rs 14,500 crore via various measures in 2019-20The Mumbai-based company, which has a presence in financial services and pharma, raised capital through various means.
- Carlyle picks up 20% stake in Piramal pharma biz for $490 mnThe 20% stake sale values Piramal’s pharma business at Rs 20,000 crore.
- Need urgency in implementation of policy to overcome present crisis: Ajay Piramal"How do we overcome the present crisis. Over the past several weeks, many policy announcements have been made, both for the short term and the long term. I find there is a difference in what the policy is articulated and when ground implementation takes place," Piramal said.
- Piramal Enterprises Q4 results: Firm posts net loss of Rs 1,703 croreConsolidated revenue declined 4.91 per cent YoY to Rs 3,341 crore during the quarter under review.
- N Chandrasekaran has shown tenacity in navigating Tata Group: Ajay PiramalAs non-executive director of the Tata Sons board since 2016, industrialist Ajay Piramal has had a ringside view of the shakeup at the Tata Group, with the removal of Cyrus Mistry as chairman in October 2016 and arrival of N Chandrasekaran from TCS to lead the conglomerate in February 2017.
- CDPQ, Piramal to deploy $300m for private credit financing in IndiaThe platform will offer private credit solutions to companies across various industries in India, including manufacturing, consumer, industrial, healthcare, pharmaceuticals, logistics, among others, the company said in a release.
- CDPQ, Piramal Partner to deploy $300 million for private credit financing in IndiaThe platform will offer private credit solutions to companies across various industries in India, including manufacturing, consumer, industrial, healthcare, pharmaceuticals, logistics, among others, the company said in a release.
- Shriram Capital halts three-way merger after RBI requestThe unlisted Shriram Capital, which counts billionaire Ajay Piramal and private equity firm TPG Capital as investors, was planning to combine with its publicly traded units Shriram Transport Finance Co. and Shriram City Union Finance Ltd.
- Piramal Enterprises jumps 5% on sale of healthcare analytics unitPEL had initially invested $650 million in 2012 to acquire DRG out of which $260 million was infused as equity.
- Piramal Capital raises Rs 1,400 crore to service debt, and for lendingPiramal Capital & Housing Finance has raised Rs 900 crore from two public sector banks — United Bank of India and Bank of India — at 8.9% for five years and Rs 500 crore from IndusInd Bank for one year at 9% to meet the obligations.
- Good to see PM intervening in economy, we wait to see action: Ajay PiramalA lot of changes have taken place in the environment for doing business in India. All of these measures are geared towards improving corporate governance practices. Sometimes, one may feel that the changes which are being suggested are much too rapid and these could have been put in place more gradually but this is the way the world will be.
- Tatas to seek urgent relief ahead of January 9 TCS board meetingGroup to file an appeal on January 2 although a hearing is possible only when SC opens on January 6.
- When Rahul Bajaj broke deafening silence of India IncThe auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.
- Former Axis executive appointed Piramal’s consumer finance business CEOEarlier, he was the head of the retail lending function where he could help in expanding the retail book 6 times in 5 years.
- Piramal Enterprises raises Rs 1,750 crore from CPDQ via CCDsPiramal Enterprises raises Rs 1,750 cr from CPDQ through preferential allotment of CCDs.
- Piramal enterprises looks to sell 20% equity in healthcare businessPEL wants to accelerate growth for its healthcare division through acquisitions that will expand its portfolio of products, offer opportunities to buy brands or leverage its distribution network across the US, Europe and Asia
- How India can fix its debt problemAn alternative investment fund (AIF) for our finance industry will at least rekindle sentiments.
- Piramal Group, IIFL Wealth Management create Rs 2,000 cr fund for realty projectsReal estate sector is facing multi-year slowdown, especially in housing segment, and developers are cash-starved following liquidity crisis in non-banking finance companies, which have been a major sources of funding for builders in the last few years.
- CCI approves subscription of Piramal Enterprises' compulsory convertible debentures by CDPQPiramal Enterprises in a regulatory filing in October said its board has approved raising of Rs 5,400 crore through a rights issue and preferential allotment of compulsory convertible debentures (CCDs).
- Piramal said to raise $153 million for four months from BarclaysPiramal Capital was downgraded to AA from AA+ by ICRA and Care Ratings in June and July.
- Billionaire Ajay Piramal plans to step down from Shriram CapitalThe Shriram Group is urging Piramal to continue as chairman even if he doesn’t hold any shares, founder R Thyagarajan said by phone.
- Ajay Piramal, Rakesh Jhunjhunwala pledge support to charity, pre-adopt sculptures in exchange for donationThe work done at the foundation is not just important, it’s urgent.
- Piramal Enterprises board okays $770 million fundraisePiramal said long-term capital will also help absorb shocks and “fortify” the company against the liquidity squeeze.
- Piramal Enterprises to raise Rs 5,400 croreThe promoters will participate in and are committed to the success of the rights issue.
- Piramal Enterprises Q2 profit jumps 15% YoY to Rs 554 crorePiramal Enterprises' total expenses was at Rs 2,934.29 crore as against Rs 2,630.60 crore, up 11.54 per cent.
- Report about Softbank backing out is misleading: Ajay PiramalIn our company we always make public whatever it is to our shareholders in the right manner.
- Mistrust between govt & businesses growing: Ajay PiramalThe head of the diversified Piramal Group refused to comment on the media reports of Japanese investor SoftBank backing out of a proposed deal with his NBFC arm.
- Tax cuts to boost industry; now need to focus on spurring demand: India IncThe need is now to address the demand side issues, RC Bhargava, Chairman, Maruti Suzuki, said.
- Finally, we got the big bang reforms we were asking for: Ajay PiramalIndia to emerge as a very attractive destination for foreign capital -- both FIIs and long-term capital
- Billionaires are facing a corporate debt reckoning in IndiaThe weak performance of property businesses and an acute liquidity crunch were cited as key reasons for rating downgrades
- Q1 not a washout, things may not be as doomed as we thought: Aishvarya Dadheech, Ambit AMCThis is an opportune time to invest into good and clean NBFCs.
- FM Sitharaman assures industry of ‘Quick Action’Among other things, industry leaders have sought tax rationalisation and a package for NBFCs.
- India Inc seeks Rs 1 lakh crore stimulus to kick-start investment cycle, revive growthIndustry leaders also said that the government has assured them to take action soon to boost the economic growth.
- PEs line up for Piramal and TPG’s stake in Shriram CapitalAdvent, Blackstone, CVC Capital, Carlyle and Brookfield submit initial bids
- Our only tie-up with Jio is my son's marriage to Isha: Ajay PiramalWe will build our consumer lending business by increasing our retail portfolio.
- Piramal Enterprises Q1 net up 21% at Rs 461 croreThe company had reported a net profit of Rs 382 crore in the year-ago period.
- Hemang Jani on 4 spaces to hide in a slowing marketIT stocks are looking okay and valuation wise there is a larger comfort over there.
- Consumer finance focus can bring SoftBank to PiramalPiramal Capital was looking to raise funds via ECB route to ease liquidity pressure, ET had reported.
- Reliance Jio and Piramal Group may set up a joint venture for consumer lending, fintech businessThe capital infusion in Piramal Enterprises is likely to be in two tranches, and will be announced shortly
- Will builder loans become India's subprime sinkhole?Builder loans have come under the lens. Total developer loan in India is estimated to be $80 billion.
- 5 lessons Ajay Piramal learnt from the NBFC crisisRBI should open up a special window of funds for lending to NBFCs, says the Piramal group chairman.
- Piramal bats for easier ECB rules, special RBI window for NBFCsThe distress and loss of confidence in India’s shadow banking space has been quite acute.
- Ajay Piramal on India's first renewable InvIT, NBFC biz & Lodha partnershipAs far as renewables are concerned, going forward, InvITs is the way to go: Ajay Piramal
- If we get the right value for Shriram, we may exit it: Ajay PiramalWe are looking to create maximum value for the shareholders of both Piramal as well as Shriram groups, says Piramal
- Shriram Group cos’ merger to create value for shareholders: Ajay PiramalPiramal's investments in Shriram are worth about Rs 9,000 crore.
- Shriram Transport declines 2% as Ajay Piramal looks to exit group cosAs per an ET report, on offer are stakes in three companies — Shriram Capital, Shriram Transport Finance and Shriram City Union Finance — valued at about Rs 9,000 crore, analysts estimate.
- Piramal in talks to sell stakes in Shriram group of companiesAjay Piramal is giving up stakes in three Shriram companies, valued at about Rs 9,000 crore.
- Bain, Piramal-led fund offers Panacea a Rs 992 crore bail-out dealIn a statement, the fund said the deal involves an investment of Rs 864 crore into a forthcoming non-convertible debenture issue.
- Dalai Lama to launch Emory University's SEE Learning program in New DelhiThe program is part of Emory’s newly established Center for Contemplative Science and Compassion-Based Ethics.
- How Azim Premji is rewriting the art of givingNow, more of India Inc should be a catalyst for social development in India.
- Property distress in India has Piramal prowling for acquisitionsPiramal Realty seems to be on a strong footing amid India's realty mess, with sales quadrupling this year.
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