Ajay Piramal
$3.1B
Born
Aug 03, 1955
Age
70
Source of Wealth
Pharmaceuticals
Residence
Mumbai,
Citizenship
India
Marital Status
Married
Children
2
Education
Bachelor of Arts/Science, University of Mumbai; Master of Business Administration, University of Mumbai
- Ajay Piramal started out in his family's textile business at age 22 in 1977 but went on to build a pharma empire through acquisitions.
- Piramal inked his biggest deal in 2010 when he sold his domestic formulations business to Abbott Labs for $3.8 billion.
- In 2020, Piramal sold his glass manufacturer Piramal Glass to private equity firm Blackstone for $1 billion.
- In 2022, Piramal demerged the pharma and financial services businesses of his flagship Piramal Enterprises. Piramal Pharma was listed in October 2022.
- Piramal's wife Swati is vice chairperson, while his daughter Nandini and son Anand have board seats.
- Piramal is a non-executive director of Tata Sons, the holding outfit of Indian conglomerate Tata Group.
- His son Anand got married to Mukesh Ambani's daughter, Isha, in December 2018. The wedding cost an estimated $100 million.
- Piramal Alternatives, Piramal Group's fund management business, invested 2.5 billion rupees in electric bus maker, PMI Electro Mobility Solutions, in October 2023.
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