He is the 48th richest individual in India and was ranked 931st in the record of World Billionaires. Piramal Group is a diversified conglomerate that operates in 100 nations. It started from a textile centric company to a $2 billion conglomerate with interests in pharmaceuticals, packaging, financial services, glass manufacturing, and real estate.
Ajay Piramal Net Worth $2 Billion
In 1988, Piramal purchased Nicholas Laboratories, an Australian multinational corporation. It is now raked in one of the top ten pharmaceutical companies with a string of overseas purchases like the Indian subsidiaries of Roche, Rhone Poulenc, ICI and Hoechst Research Centre. With all the three redundant Piramal factory buildings in Mumbai, the primary important shopping mall in India called Crossroads originated through Piramal Realty, his completely-owned real estate venture. His daughter Nandini is in-charge of human resources and the group’s over-the-counter company.
In 2010, Ajay Piramal sold a big part of Piramal Healthcare’s national formulations company to U.S.-based Abbott Laboratories for $3.7 billion. The pharmaceutical tycoon continues to be busy remaking his bundle and changed his flagship’s name to Piramal Enterprises with its expanding interests. It now has 70% of its $2 billion revenue from its overseas operations. Last May, it acquired Decision Resources Group, the Illinois-based analytic firm, for $365 million. He also led the firm consent to buy a 5.5% stake in Vodafone India for $618 million. His entire position in the cellular telecom is now 11%.