Ajay Piramal (born 3 August 1955) is an Indian billionaire industrialist, and the chairman of the Piramal Group, a conglomerate with interests in pharmaceutical, financial services, real estate, healthcare analytics and glass packaging.
Apart from India, the Piramal Group has presence in over 30 countries, including the US, the UK, the European Union, Japan, Asia-Pacific and South Asia, with its products being sold in over 100 markets.In 2010, the Company sold the domestic formulation business to Abbott Laboratories for US$3.8 billion.
Following that, Piramal Enterprises (then Piramal Healthcare), the flagship company of Piramal Group, has 3 major businesses – Pharma, Financial Services and Healthcare Insights & Analytics.
In Pharma, the company focuses on over-the-counter (OTC) consumer products, global generics, contract manufacturing and critical care business.
The financial services business—includes alternative asset management and investments into the Shriram Group as well as Piramal Capital & Housing Finance which is a registered as a housing finance company with the National Housing Bank (NHB) and is engaged in various financial services businesses.The market capitalisation of Piramal Enterprises has grown four-fold in the last seven years, from an average of around Rs 10,000 crore in 2010–11, it has been moving around Rs 45,000 crore in April 2018.PEL is listed on the BSE Limited and the National Stock Exchange of India Limited.The second component of the group's real estate strategy involves property development through the unlisted Piramal Realty Private Limited, founded by Piramal's son Anand.Incorporated in 1974, Piramal Glass Limited (PGL, erstwhile Gujarat Glass Limited) was acquired by the Piramal Group in 1984.
In 1990, it was merged with Piramal Healthcare Limited (PHL, erstwhile Nicholas Piramal India Limited), and in 1998, the glass division was spun off to a subsidiary.
The Company is engaged in the business of manufacturing packaging solutions for the perfumery and pharmaceuticals.Under Piramal's leadership, the Piramal Group transformed from a textile-centric business into a US$10 billion conglomerate.