Ajay Piramal
Ajay Piramal or Ajay Gopikrishna Piramal is a famous Indian businessman and the owner of “Piramal Group”, The group is a textile-centric business. Apart from the Piramal Group, he also owns several other well-established businesses such as pharmaceuticals, real estate and financial services. Check out Ajay Piramal wiki, height, weight, age, wife, family, biography, facts and more.
Biography/Wiki
Ajay was born on August 3, 1955. He is 68 years old and is a business tycoon in Bagar Town, Jhunjhunu District, Rajasthan. He grew up in Mumbai, Maharashtra.
Ajay Piramal
Ajay’s surname was “Makhariya” but later, his father Gopikrishna Piramal used his grandfather’s name “Piramal” as his surname and then, this surname was continued to the descendants.
Initially, his grandfather Seth Piramal Chaturbhuj Makharia ran the cotton business and later established the Piramal business empire in 1920 after acquiring the oldest and first registered cotton mill in India, “Morarjee Mills”.
In the 1920s, Seth Piramal Chaturbhuj earned a great reputation through his charitable work for the development of Bhagarh.
Ajay has completed his B.A. (Honours) degree from Jai Hind College, Mumbai and a Master of Business Administration (MBA) from Jamnalal Bajaj Institute of Management, Mumbai. Later, he went to Harvard Business School in Boston, USA to study the Advanced Management Program (AMP).
His “Piramal Group” owns 4 major companies: Piramal Glass, Piramal Realty, Piramal Enterprises Ltd and Piramal Foundation.
For his landmark entrepreneurial efforts in the business field, he has received several awards such as “CEO of the Year” (1999) from the World Strategic Forum, “Rotary International (District 3140) Certificate of Appreciation” and “Four Way Test Award” (2001)), “Ernst & Young Entrepreneur of the Year” (2004) Healthcare & Life Sciences Category, “Tomorrow’s Global Leaders” (2004) World Economic Forum,
UK Trade & Investment “Entrepreneur of the Year” (2006), CNBC TV18’s “Indian Innovator of the Year” (2008), “Kriyasheel Global Achiever” (2010), “Outstanding Family of the Year” (2014) Forbes Philanthropy, Corporate Citizen of the Year (2016) by AIMA India Management, and Asia Business Leader of the Year (2017).
Ajay Piramal wins Corporate Citizen of the Year Award
In 2014, he also received a Doctor of Philosophy (D. Phil) from Amity University.
appearance
Ajay is 6 feet 1 inches tall, weighs 90 kg and is in good health.
Ajay Piramal
Family, caste and girlfriends
He was born into a Hindu Marwari textile business family. His father, Gopikrishna Piramal, was a businessman, and his mother, Lalita Piramal, was a housewife. His elder brother Ashok Piramal, a businessman, died in 1984. His second brother Dilip Piramal is the chairman of “VIP Industries”.
Ajay Piramal’s parents
During his MBA course, he fell in love with doctor Swati Piramal and married her in 1976 before completing the course. He has a son Anand Piramal (Executive Director of Piramal Group) and a daughter Nandini Piramal. Piramal Group Human Resources Manager.
Ajay Piramal and his wife in the 1980s
Ajay Piramal and his family
Ajay Piramal and his family
Ajay Piramal’s son Anand Piramal and daughter Nandini Piramal
Profession
At the age of 22, he took over his father’s textile and cutting tool business. He used to run the business in partnership with his brothers Dilip and Ashok. However, two years after his father’s death in 1979, his brother Dilip founded the companies “VIP Industries” and “Blowplast” in 1982-83, which were independent companies.
Ajay Piramal at Morarji Mills in the 1980s
In 1984, when his second brother Ashok passed away from cancer, he was appointed Chairman of “Piramal Enterprises” and Chairman and Managing Director of “Morarjee Mills”. In 1982, he invested in the ‘Gujarat Glass’ industry, which proved to be very profitable for him.
Ajay Piramal and his son Anand Piramal
In 1988, he acquired a pharmaceutical company “Nicholas Laboratories” for Rs 160 million and renamed it “Nicholas Piramal”. Although he didn’t know much about the medical industry at that time, with the cooperation of workers and strategies such as overtime, preferential prices, and domestically produced drugs, his industry developed in a short period of time. , bringing fierce competition to pharmaceutical companies GlaxoSmithKline and Pfizer.
In 1993, he acquired a healthcare company ‘Roche Products’ for Rs 20 crore and separated the pharmaceutical and real estate businesses. In the same year, he also established “Crossroads”, one of the first shopping malls in India.
In 1996, after receiving a commission from the pharmaceutical company “Boehringer Mannheim”, he took over the company. In 1976, following a joint venture with consumer products company “Reckitt & Colman”, he built a strong sales team.
Ajay Piramal Sales Center Inauguration Ceremony
In 2000, he acquired the company “Rhône-Poulenc” for 2.36 billion rupees, which was one of his largest acquisitions at that time.
In 2005, he invested Rs 1.8 billion in commercial real estate investment company “The Glass Group” for a purchase price of Rs 840 million.
In 2009, he expanded his business by acquiring Minrad, an interventional pain management pharmaceutical company, for Rs 1.88 billion. In the same year, he established a non-profit organization called Piramal Foundation to provide education, healthcare, livelihood and youth empowerment to minorities in India. The foundation was also awarded the Corporate Trailblazer Award by the India Today Group from Prime Minister Narendra Modi.
Ajay Piramal wins Corporate Trailblazer Award
In 2010, he sold the domestic formulation business to Abbott Laboratories for $3.8 billion. In 2017, he started the housing finance business at Piramal Finance Limited (PFL).
fact
- Ajay likes these characters: Bill Gates, Jamsetji Tata, Ramakrishna Paramahansa and Swami Vivekananda.
- He is a fan of artists VS Gaitonde, MF Husain, SH Raza and FN Souza.
- In his free time, he plays polo.
- The Bhagavad Gita was his all-time favorite book.
- He loved horses since childhood and played polo when he was young.
Ajay Piramal, horse lover
- Ajay’s hobbies are reading, writing, wildlife photography and collecting art.
- He loved the different types of ties he bought from the “Leonard” cloth shop in Paris.
- In 2018, he engaged his son Anand to Isha Ambani, the daughter of famous business tycoon Mukesh Ambani.
The Piramals and Ambanis at Isha and Anand’s engagement ceremony
- According to some sources, his net worth (as of 2018) is $4.6 billion.
Categories: Biography
Source: HIS Education