Ajay Piramal
Ajay Piramal or Ajay Gopikrishna Piramal is a reputed Indian businessman and owner of ‘Piramal Group’, a company focused on the textile industry. Apart from Grupo Piramal, he has several other well-established businesses such as pharmaceuticals, real estate and financial services, etc. Check out Ajay Piramal wiki, Height, Weight, Age, Wife, Family, Biography, Facts and more.
Biography/Wiki
Born on August 3, 1955, Ajay is a 62-year-old business tycoon from Bagar city in Jhunjhunu district of Rajasthan. His upbringing is from Mumbai, Maharashtra.
Ajay Piramal
Ajay’s family name was ‘Makhariya’ but later, his father Gopikrishna Piramal used his grandfather’s name ‘Piramal’ as his family name, and then it continues for the following generations.
Initially, his grandfather, Seth Piramal Chaturbhuj Makharia, ran a cotton business, who later in 1920, after getting India’s oldest and first recorded cotton mill, ‘Morarjee Mills’, established the Piramal business empire.
During the 1920s, Seth Piramal Chaturbhuj gained much fame through his philanthropic works for the development of Bagar.
Ajay has completed his B.Sc. (Hons.) from Jai Hind College, Mumbai, and an MBA from the Jamnalal Bajaj Institute of Management Studies in Mumbai. Later, he traveled to the United States of America to attend the Advanced Management Program (AMP) at the Harvard Business School, in Boston, United States.
His ‘Piramal Group’ has 4 key companies: Piramal Glass, Piramal Realty, Piramal Enterprises Ltd and the Piramal Foundation.
For his significant entrepreneurial endeavors in the business sector, he has won several awards, including ‘CEO of the Year’ (1999) by the World Strategy Forum, ‘Rotary International (District 3140) Certificate of Appreciation and ‘Four-Way Test Award’ (2001), ‘Ernst & Young’s Entrepreneur of the Year’ (2004) in the Healthcare & Life Sciences category, ‘Global Leaders of Tomorrow’ (20 04) by the world economic forum,
UK Trade and Investment Council ‘Entrepreneur of the Year’ (2006), CNBC TV18 ‘India Innovator of the Year’ (2008), AIMA Management India’s ‘Kriyasheel Global Achievers’ (2010), Forbes Philanthropy’s ‘Distinguished Family of the Year’ (2014), AIMA Management India’s ‘Corporate Citizen of the Year’ (2016) and ‘Asian Business Leader’ of the year’ (2017).
Ajay Piramal receives the Corporate Citizen of the Year award
He also received a Doctor of Philosophy (D. Phil) from Amity University in 2014.
Physical appearance
Ajay is a healthy person, 6′ 1” tall and 90 kg in weight.
Ajay Piramal
Family, caste and girlfriend
She belongs to a family of Hindu Marwari textile entrepreneurs, where her father Gopikrishna Piramal is a businessman and her mother Lalita Piramal is a housewife. Her older brother, Ashok Piramal, who was a businessman, died in 1984. Her second older brother, Dilip Piramal, is the president of ‘VIP Industries.
Parents of Ajay Piramal
During his MBA course, he fell in love with a doctor, Swati Piramal, and before finishing the course, in 1976, he married her. He has a son, Anand Piramal, the CEO of the Piramal Group, and a daughter, Nandini Piramal. manager of the human resources department of Grupo Piramal.
Ajay Piramal and his wife in the 1980s
Ajay Piramal with his family
Ajay Piramal with his family
Ajay Piramal’s son, Anand Piramal, and daughter, Nandini Piramal
Career
At the age of 22, he assumed responsibility for his father’s textile and cutting tool businesses. He used to run this business with the cooperation of his brothers Dilip and Ashok. But, two years after his father’s death in 1979, his brother Dilip started ‘VIP Industries’ and ‘Blowplast’, separate businesses in 1982-83.
Ajay Piramal at Morarji Mills in the 1980s
In 1984, when his second eldest brother, Ashok, died of cancer, he was appointed Chairman of ‘Piramal Enterprises’ and Chairman and Managing Director of ‘Morarjee Mills’. Then, in 1982, he invested in the ‘Gujarat Glass’ industry, which he found profitable.
Ajay Piramal with his son Anand Piramal
In 1988, he bought a pharmaceutical company, ‘Nicholas Laboratories’, for Rs 16 crore, turning it into ‘Nicholas Piramal’. Although he did not have much knowledge about the healthcare industries at that time, however, with the cooperation of his workers and strategies such as overtime work, competitive pricing, and locally manufactured drugs, his industry, in a short period of time, gave strong competition to pharmaceutical companies: GlaxoSmithKline and Pfizer.
In 1993, he bought a healthcare company ‘Roche Products’ for ₹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 it over. In 1976, after his joint venture with ‘Reckitt & Colman’, a consumer goods company, he built a strong sales team.
Ajay Piramal Inaugurates Sales Center
In 2000, he acquired the ‘Rhône-Poulenc’ company for ₹236 crore, which was one of his biggest acquisitions at the time.
In 2005, he invested Rs 180 crore in a commercial property investment company ‘The Glass Group’ which had a purchase price of Rs 84 crore.
In 2009, he expanded his business by buying an interventional pain management category pharmaceutical company, called ‘Minrad’, for ₹188 crore. In the same year, he established a non-profit organization called ‘Piramal Foundation’ to provide education, healthcare, livelihood and youth empowerment to the minority group of Indians. This foundation also won Indian Prime Minister Narendra Modi’s ‘Corporate Trailblazer’ award, instituted by India Today Group.
Ajay Piramal receives the Corporate-Trailblazer Award
In 2010, it sold its domestic formulations business to Abbott Labs for $3.8 billion. In 2017, he started a home finance business with Piramal Finance Limited (PFL).
Facts
- Ajay likes personalities: Bill Gates, Jamsetji Tata, Ramakrishna Paramahamsa and Swami Vivekananda.
- He is a fan of the artists VS Gaitonde, MF Husain, SH Raza and FN Souza.
- In his free time, he plays polo.
- ‘Bhagavad Gita’ is his favorite book of all time.
- He has loved horses since he was a child and used to play polo in his youth.
Ajay Piramal, a horse lover
- Ajay’s hobbies are reading, writing, wildlife photography, and collecting art objects.
- He likes the different types of ties that he buys at the ‘Leonard’ fabric house in Paris.
- In 2018, he engaged his son Anand to Isha Ambani, the daughter of famous business magnate Mukesh Ambani.
The Piramals family and the Ambanis family on the occasion of the engagement ceremony of Isha and Anand
- According to some sources, his net worth (as of 2018) is $4.6 billion.
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Source: dienchau2.edu.vn
