Ajay Piramal Net Worth

Ajay Piramal Net Worth

Ajay Piramal net worth

Current Net Worth$3.9 Billion (USD – 390 Crores), (Rupees – 30.3 Thousand Crores)

Ajay Piramal short biography

Net Worth$3.9 Billion
BornAugust 2, 1955 (Age – 66)
Identified asChairman of the Piramal Group
StatusIndian Industrialist
EducationBombay University, Master of Business Administration; Bombay University, Bachelor of Arts / Science
NationalityIndian
ResidenceMumbai, India
Spousal statusMarried
Children2
Ajay Piramal short biography

Ajay Piramal has a net worth of $3.9 Billion (Rupees – 30,319 Crores), making him one of the Top 100 Richest men in India.

He is the chairman of the Piramal Group, a conglomerate with investments in healthcare analytics, glass packaging real estate, financial services, and pharmaceuticals.

Financial Services, Healthcare Insights & Analytics, and Pharma are Piramal Enterprises’ three main companies.

Piramal’s largest offer was the $3.8 billion sales of his domestic formulations firm to Abbott Labs in 2010.

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Ajay Piramal biography

Full NameAjay Piramal
BirthplaceBagar, Jhunjhunu, Rajasthan, India
Height5.6 feet, 17 cm
Weight85 Kg
FatherGopikrishna Piramal
MotherLalita Piramal
Ajay Piramal Biography

Ajay Piramal was born on August 3, 1955, in Rajasthan, India.

He was born to Gopikisan and Lalita Piramal.

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Piramal began working in his family’s textile company, established in 1934 by his grandfather Piramal Chatrabhuj when he was 22 years old.

After his father, Gopikisan Piramal, died in 1979, he lost an older brother to cancer five years later, leading him to take over the firm.

Amity University in India has awarded Piramal an honorary doctorate, as well as an honorary doctor of science from IIT Indore.

Education

Piramal earned a bachelor’s degree in science from Basant Singh Institute and Jai Hind College of Science at the University of Mumbai, and a master’s degree in management studies from Jamnalal Bajaj Institute of Management Studies at the University of Mumbai.

He had participated in the Harvard Business School’s six-week Advanced Management Program in 1992.

Career

Piramal began his career in his family’s textile industry when he was 22 years old in 1977, but went on to amass a pharmaceutical empire through acquisitions.

Piramal purchased Nicholas Laboratories, a multinational company based in Australia, in 1988.

After acquiring the Indian subsidiaries of Roche, Boehringer Mannheim, Rhone Poulenc, ICI, and Hoechst Research Centre, the company is now ranked 5th among Indian pharmaceutical firms.

Crossroads, India’s first big shopping mall, was built in Mumbai from 3 abandoned Piramal factory buildings.

Piramal Enterprises Ltd, which he headed, bought 11% of Vodafone India in two tranches.

The first 5.5% was purchased for Rs 2,856 crore in 2011 and the second for Rs 3,007 crore the next year.

To purchase a 5.5% stake in Vodafone India for INR 30.07 billion ($618 million), bringing its overall stake in the company to 11%.

Piramal paid INR 2,014 crore for a 20% stake in Shriram Capital Ltd., a subsidiary of the Chennai-based Shriram Group, after selling his Vodafone India stake. The deal was made in addition to a 9.9% stake in Shriram Transport Finance Co. Ltd. for INR 1,636 crore.

Piramal Enterprises agreed to sell a 20% stake in its pharmaceutical subsidiary to private equity company The Carlyle Group for $490 million in June 2020.

Piramal is also Chairman of the Shriram Group.

His company’s social media handle:

Private & early life

Swati Piramal is Ajay Piramal’s wife.

Nandini Piramal is his daughter, and Anand Piramal is his son.

Radhanath Swami is regarded as the family’s guru.

Piramal’s wife Swati serves as vice-chairwoman, and his daughters Nandini and Anand serve on the board of directors.

Anand married Isha Ambani, the daughter of an industrialist Mukesh Ambani, in December 2018.

Directorships and board memberships

  • Pratham Education Foundation’s Chairman
  • Member of CII
  • Co-Chair, UK-India CEO Forum
  • Anant National University’s President and Chairman of the Governing Body
  • Member of the Board of Trade constituted by the Ministry of Commerce and the Honorable Prime
  • Minister’s Council for Trade & Industry
  • Piramal Group Chairman
  • Tata Sons Ltd Non-Executive Director
  • Former Chairman, Indian Institute of Technology, Indore.
  • Member of the Prime Minister’s Task Force on Pharmaceuticals
  • Member, Central Board of State Bank of India
  • Harvard Business School’s Board of Dean’s Advisors

Awards

  • World Strategy Forum’s ‘CEO of the Year Award’ (1999).
  • Certificate of Appreciation and “Four-Way Test Award” from Rotary International (District 3140) in 2001 Award.
  • In 2004, he received the Young Entrepreneur of the Year Award in Healthcare.
  • The Rotary Club of Mumbai Mid-Town has given him the “Lifetime Achievement Award” (2004).
  • “Business Leader Award” in Pharma Sector (2004).
  • The World Economic Forum has named you a Global Leader of Tomorrow (2004).
  • In 2006, he received the UK Trade and Investment Council’s ‘Entrepreneur of the Year award.
  • CNBC TV named him India’s Innovator of the Year for 2008.
  • Global Achievers Award by Kriyasheel (2010).
  • Forbes Philanthropy Awards named him Outstanding Philanthropist in 2013 and 2014.
  • The World Presidents’ Organization founded the SEN Sustainability Award – Philanthropy and Best of the Best (2015).
  • The Indo-American Chamber of Commerce named him Business Leader of the Year in 2015.
  • In 2016, the AIMA Managing India Awards presented him with the Corporate Citizen of the Year award.

Net worth statistics

  • March 2012 – $1.4 B
  • March 2013 – $1.6 B
  • March 2014 – $1.5 B
  • March 2015 – $2.0 B
  • March 2016 – $1.8 B
  • March 2017 – $3.7 B
  • March 2018 – $4.9 B
  • March 2019 – $4.4 B
  • April 2020 – $1.7 B
  • April 2021 – $4.0 B
  • April 2022 – $4.2 B

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