Ajay Gopikisan Piramal, Chairman of the Piramal Group, is known for his business acumen. According to Forbes, Ajay Piramal’s net worth is estimated to be $3.6 billion. His wife, Dr. Swati Piramal, serves as the vice chairperson of Piramal Group, a global business conglomerate with diverse interests in pharmaceuticals, financial services, and real estate.
“Piramal Group has offices in 30 countries, brand presence in over 100 markets across the world, and over 10,000 employees from 21 diverse nationalities. With a turnover of US$ 2 Billion in FY2020, the Group steadfastly pursues inclusive growth, while adhering to ethical and value driven practices,” reads the official page of Piramal.
Meet man who sold his profit making company for Rs 17500 crore, Mukesh Ambani and Isha Ambani are his…
As per Forbes India’s 100 Richest list, Ajay Piramal secured the 93rd position. But did you know that Ajay Piramal is related to Mukesh Ambani? If not, then read this detailed story.
Ajay Piramal is known for his expertise in acquiring and selling companies, as well as merging them. In 1984, he acquired Gujarat Glass Limited. That same year, he decided to exit the textile business and enter the pharmaceutical sector.
As per media reports, in 2010, US-based Abbott Laboratories acquired the pharmaceutical solutions division of Piramal Healthcare for $3.72 billion (Rs 17,500 crore), marking the second-largest deal in the history of the Indian pharmaceutical sector. Later in 2020, he sold his glass manufacturer Piramal Glass to private equity firm Blackstone for $1 billion.
Isha, the daughter of business tycoons Mukesh and Nita Ambani, and Anand Piramal, the son of Swati and Ajay Piramal, tied the knot on December 12, 2018, in a grand wedding held at the Ambani residence, Antilla, in Mumbai. In other words, Isha Ambani is the daughter-in-law (bahu) of Ajay Piramal. Meanwhile, Ajay is ‘samdhi‘ of Mukesh Ambani. And Mukesh Ambani is the father of Isha Ambani. So, the Ambani and Piramal families share a close relationship.