Ajay Piramal, the renowned Indian entrepreneur and chairman of the Piramal Group, has an estimated net worth of $1.8 billion. He has built a diverse business empire spanning pharmaceuticals, finance, real estate, and manufacturing, transforming his family’s textile business into a multi-billion-dollar conglomerate.
| Ajay Piramal Net Worth | $1.8 Billion |
| Date of Birth | Dec 20, 1955 |
| Place of Birth | Rajasthan |
| Nationality | Indian |
| Profession | Entrepreneur, Chairman Of The Piramal Group |
Business Expansion
Piramal holds a Bachelor of Arts and an MBA from Bombay University. He began his career in his family’s textile business but soon shifted focus to pharmaceuticals. In 1988, he acquired Nicholas Laboratories, an Australian multinational conglomerate. Under his leadership, the company expanded its global footprint, acquiring the Indian subsidiaries of Rhône-Poulenc, Hoechst Research Centre, Roche, and ICI. Today, Piramal Pharma ranks among the top pharmaceutical companies, with a strong presence in over 100 countries.
Major Business Moves
One of Piramal’s most significant financial moves came in 2010 when he sold a major portion of Piramal Healthcare’s domestic business to Abbott Laboratories for $3.8 billion. This sale provided him with the capital to diversify his investments, leading to expansion into finance, real estate, packaging, and glass manufacturing.
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Piramal played a crucial role in revolutionizing India’s commercial and real estate landscape. He was among the first to establish an organized workspace in Lower Parel, a prime business district in Mumbai. His company also developed landmark properties such as Ashok Towers and built Crossroads, India’s first large-scale shopping mall, on land formerly occupied by three Piramal factories.
Philanthropy
Beyond business, Piramal is deeply involved in philanthropy. He serves as the Chairman of Pratham, India’s largest non-governmental organization focused on education, working to improve literacy and learning outcomes for underprivileged children across the country.
Ajay Piramal Net Worth
Ajay Piramal net worth is $1.8 billion.