Piramal Group is a global diversified business conglomerate with operations in over 30 countries and a strong presence in more than 100 markets around the world. Since the late 1980s, Piramal Group has evolved from a textile-centric business to a diversified organisation, which operates across sectors such as pharma, health care information management, financial services, specialty glass packaging and real estate.
The Group has consistently identified opportunities ahead of the curve, even when market situations suggest the opposite. It invested in the domestic formulations business when others were focused on growing international generics. Its persistence paid off when a deal with Abbott in 2010 valued its business at US$3.72 billion, an unprecedented 9x sales and 30x EBITDA.
Over the past two decades, the Group has consistently focused on growth and today is ranked amongst the leading business conglomerates in India. The approach has been both organic and inorganic growth. The Group has built solid global partnerships to augment its presence in certain markets and continues to focus on core businesses by consistently investing in them. Piramal Group’s balance sheet today is in excess of US$9.5 billion and over 60 percent of the revenues are generated from outside India. The Group is home to a team of over 10,000 people from around the world and at all times has over 21 nationalities working with it.
Its philanthropic arm, Piramal Foundation, runs projects across healthcare, education and water. Projects like Piramal Sarvajal and e-Swasthya are now Harvard Business School Case Studies.
Piramal Enterprises Ltd. (PEL) is the flagship company of Piramal Group and has a leading position in the business verticals it is present in i.e. Healthcare and Financial Services. In the late 1980s, PEL moved from textile to pharmaceuticals. While others were keen over international generics, PEL invested in the domestic formulation development business. The efforts soon bore returns as PEL has had a track record of approx. 23% revenue CAGR since then. In 2010, it completed sale of its domestic formulations business at an unprecedented value of ~9x sales and ~30x EBITDA. In May 2013, Piramal Enterprises Ltd. acquired 10% equity stake in Shriram Transport Finance. Later in April 2014, it acquired 20% equity stake in Shriram Capital Limited, a financial services company and in June 2014, 9.9% stake in Shriram City Union Finance Limited, the retail focused Non-banking Financial Company (NBFC) of the Shriram Group.
Piramal Glass offers an entire gamut of glass packaging solutions under one umbrella. It is the global leader in glass packaging solutions for pharmaceuticals, specialty foods & beverages (F&B) and cosmetics & perfumery (C&P) industries & services.
Piramal Glass is the largest specialty glass player in Asia and has been the fastest growing glass company in the world for the last 10 years. It has 17 of the world's top 20 cosmetic companies as customers. The fact that every third nail polish bottle in the world is manufactured by Piramal Glass speaks volumes of its expertise as perfume and cosmetic bottle manufacturers. Some of the most reputed brands have gained from its skill in the field of premium cosmetics and perfumery bottles. Piramal Glass has manufacturing facilities across India, USA and Sri Lanka. Additionally a widespread distribution network across Europe, South America and Asia strengthens its presence across the globe.
For more information, please visit www.piramalglass.com.
For more information about its operations in Sri Lanka, please visit www.piramalglassceylon.com.
Piramal Realty, founded in 2012, is the real estate development arm of Piramal Group. The aspiration was simple - become one of India's most admired real estate companies. The aim was to do it not just in terms of scale and profits, but also its impact on lives.
For most people, a house is one of the most valuable investments they could ever make. Being a part of an industry that has such a significant impact on the lives of people is truly a privilege. With India emerging as an important player on the world stage, Piramal Realty has an opportunity to create world-class architecture, representing the highest standards of design, execution, commitment and customer satisfaction.
Built on the foundation of integrity, trust, and transparency, the realty team’s work will always be reflective of the Group’s core values of Knowledge, Action, Care and Impact, creating designs that are responsive to the needs of its customers. It has 'founder customer' programs in which customers help co-create the product along with the architect. With its research, it has been able to incorporate consumer insights such as importance of nature and greenery, their need to be part of a strong community, the importance of light, ventilation and space etc., in its projects. Over the last few years, Piramal Realty has acquired prime properties in and around Mumbai, with investments at Byculla, Mulund, Kurla, and Thane.
For more information please visit www.piramalrealty.com.
Piramal Foundation develops innovative solutions to resolve issues that are critical roadblocks towards unlocking India’s economic potential. The Group’s core values of knowledge, action, care and impact guides the Foundation team to imbibe sustainability in the developmental work it carries out. Piramal Foundation believes that considerable positive change can occur on collaboration with likeminded partners and nurturing of projects that are scalable ensuring a long term impact.
"Piramal Foundation transforming Health, Education, Water and social sector ecosystems through high impact solutions, thought leadership and partnerships".