Here we are going to see the success story of Piramal Group Success Story briefly. In this blog, we are going to see about the Piramal Group’s history, founders, revenue, funding, awards, and achievements.
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About Piramal Group:
The Piramal Group is a multinational company active in the fields of pharmaceuticals, healthcare information management, life sciences, financial services, and real estate Founded by Ajay Piramal in 1984, Piramal Group currently has offices in nearly 30 countries and employs over 10,000 people from different cultures and regions.
Piramal Group operates by providing diversified business services in different categories such as Piramal Enterprises Ltd (PEL), Piramal Pharma Ltd., Piramal Realty, and Piramal Foundation Pfizer’s UK manufacturing site was Piramal Group Success Story acquired by the company in 2006 In 2007, the Piramal group signed an agreement with Merck to collaborate in research and drug discovery in 2008, he entered into a second drug discovery agreement with Eli Lilly.
| Type | Private |
| Owner | Ajay Piramal |
| Industry | Conglomerate |
| Headquarters | Mumbai, Maharashtra, India |
| Services | Pharmaceutical, Healthcare, Life sciences Capital and real estate |
| Website | http://www.piramal.com/ |
| Founded | 1984; 38 years ago |
| Revenue | ₹14,710 crore |
| Subsidiaries | Dewan Housing Finance Corporation Piramal Foundations |
Piramal Group Founder:
The Piramal Group’s Chairman is Ajay Piramal. Gopitisan Piramal and Lalita Piramal welcomed him into the world on August 3, 1955, in Rajasthan, India. Ajay Piramal graduated with a bachelor’s degree in science from the University of Mumbai’s Jai Hind College and Basant Singh Institute of Science in Piramal Group Success Story addition to a master’s degree in management studies from the University of Mumbai’s Jamnalal Bajaj Institute of Management in 1992. He also completed a six-week advanced management program at Harvard Business School.
He obtained honorary doctorates from the Indian Institute of Technology, Indore, and Amity University in India respectively. Ajay Piramal has won a lot of honors and awards. In 2022, he received the title of Commander of the British Empire (CBE) for his contributions to the trading connections between the United Kingdom and India.
“We aim to serve our customers, community, employees, partners, and all other stakeholders by putting their needs and well-being first” this is the vision and mission of Piramal Group.
Piramal Group History:
The Piramal Group entered the real estate business in 2012 under the brand name Piramal Realty His collaborators include architectural innovators his KPF, HOK, Callison, Fosters, and Make, as well as global leaders such as Buro Happold, security and transport specialist Max Security, and vertical transport expert Lerch Bates structural consultants.
Piramal’s mission is to “build India’s most admired real estate company, admired not only for its scale and profitability Piramal Group Success Story but also for its impact on the lives of its clients and the progress of our country.” Piramal’s major projects are Piramal Mahalaxmi, Piramal Aranya, Piramal Agastya, Piramal Vaikunth, and Piramal Revanta.
The company is involved in many philanthropic activities, for which it established the Piramal Foundation in 2006 The Foundation is actively involved in the following projects.
- Piramal Swasthya is a health information and consultation service based in Karnataka called Arogya Vani
- Piramal Sarvajal is a solar-powered water dispenser providing clean water in India
- Piramal School of Leadership provides education and women’s empowerment through programs
- Piramal Fellowships and Principal Leadership Development Program (PLDP)
- Pratham provides education for underprivileged children
- Piramaru Award for Emerging Organizations
- Piramal Group – sales growth
Piramal Group Revenue Model:
Real estate, pharmaceuticals, and financial services make up the three main business sectors of the Piramal Group. It offers a variety of business services. The company has a presence in over 100 marketplaces throughout Piramal Group Success Story the world and does its operations in 30 different countries. Piramal Enterprises Ltd. is the largest business in the Piramal Group (PEL).
While the Indian pharmaceutical industry was concentrating on foreign generics, PEL saw an opportunity to grow its pharmaceutical business and invested in the indigenous formulation sector. The Piramal Group’s three primary businesses or parts are Piramal Enterprises Ltd., Piramal Realty, and Piramal Foundation.
Piramal Group Financial Services:
- Piramal group also provides financial services such as Piramal Capital & Housing Finance Limited (PCHFL).
- This is a National Housing Bank (NHB) registered housing finance company with interests in various financial services companies.
- We offer wholesale and retail financing options across all industries with the customized hospital.
- Piramal Alternatives (PA) – We offer personalized Piramal Group Success Story financial packages for quality companies looking to grow in diverse industries.
- India Resurgence Fund is a peer-to-peer joint venture between Piramal Enterprises Limited and Bain Capital Credit with a flexible strategic approach Need to invest capital in the form of loans and shares and monitor Indian market conditions.
- As of 2022, Piramal Group reports revenue of USD 1.8 billion (Rs 14.71 trillion).
- The company’s net profit was approximately $240 million (Rs. 1,923.1 billion).
- About 40% of the company’s turnover is generated abroad.
Piramal Group Funding:
- Piramal Enterprises has raised $737.1 million in three investment rounds.
- The latest funding comes from his post-IPO equity round on June 27, 2020.
- its funding is supported by its three investors Recent investors include Carlyle Group and Standard Chartered Bank.
On December 18, 2019, Piramal Group raised $225 million in a single venture called India Resurgence Fund.
Here are the details:
| Date | Funding Round | Fund Amount | Investors |
| June 27, 2020 | Post-IPO Equity | $490 million | The Carlyle Group |
| July 21, 2019 | Post-IPO Debt | ₹15 billion | Standard Chartered Bank |
| July 15, 2019 | Post-IPO Debt | ₹2 billion | Sachin Bansal |
| December 18, 2019 | – | $225 million | Single Venture fund |
Piramal Group Acquisitions:
Piramal Enterprises has acquired five companies. On September 29, 2021, Dewan Housing Finance was purchased by them. For Dewan Housing Finance, they paid 3.8T. In 2011–12, Piramal purchased 11% of Vodafone Essar. In 2014, the business sold its 11% investment in Vodafone India to Prime Metals, a Vodafone Group indirect affiliate. The purchase’s specifics are:
| Date of Acquisition | Acquiree name | Amount |
| September 29, 2021 | Dewan Housing Finance | ₹3.8T |
| March 31, 2021 | Hemmo Pharmaceuticals | ₹7.8B |
| May 12, 2017 | Walnut Medical | Undisclosed |
| January 31, 2017 | Mallinckrodt – Specialty Products $170 million | |
| August 16, 2016 | Ash Stevens | $53 million |
| 1999 | Ceylon Company Limited | – |
| 1984 | Gujarat Glass Limited | Undisclosed |
Piramal Group Campaigns:
Piramal Capital and Housing Finance Limited (PCHF) launched a campaign in 2019 through a service called Bridge Loans An ingenious tool to help you transition from selling your old home to buying a new home. Piramal Group Success Story Perspective Brandcom India is behind the advertising concept. This ad shows a person who has found an apartment for his family but is waiting for the apartment owner to sell the old apartment.
At PCF, we focus on introducing products that aim to make our customers’ lives easier. A problem we often encounter is waiting for an old apartment to be sold to purchase a new one Our new product, Bridge Loans, Piramal Group Success Story is the answer to this problem with this film, we wanted to highlight this challenge and showcase innovative products that are specifically designed to support the needs of our customers said by Head of Sales & Marketing at Piramal Capital & Housing Finance Mayank Jain.
Piramal Group Achievements:
- Piramal Pharma Solutions was recognized in all six categories including Capabilities, Compatibility, Expertise, Quality, Reliability, and Service at the recent CMO Leadership Awards, New York on March 21, 2018
- Piramal Foundation recognized as ‘Socially Aware Corporate of the Year by Business Standard CSR Awards 2019
- Piramal Glass USA was recognized as the ‘Suppliers of the Year 2018’ at Tricor Braun’s 2019 Annual Sales Meeting & Supplier Piramal Group Success Story Showcase in St. Louis on January 23, 2019
- Piramal Pharma recognized with the “2019 Global Customer Service Leadership Award” by Frost & Sullivan
- Piramal Capital & Housing Finance recognized as ‘Outstanding Company in Infra Finance’ at the 8th EPC World Awards
- Piramal Housing Finance was recognized as the ‘Emerging Home Loans Provider of the Year at the MCHI CREDAI Golden Pillar Awards 2018 in Mumbai on May 5, 2018
- Piramal Realty Piramal Group Success Story was conferred with the prestigious Mercer NDTV Employer Excellence Awards for ‘Excellence in Work-Life Balance’, in New Delhi on May 2, 2018
- Piramal Foundation recognized as ‘Socially Aware Corporate of the Year by Business Standard CSR Awards 2019
Piramal Group Awards:
| NO. | AWARD | YEAR |
| 1 | Business Leader of the Year Award | 2018 |
| 2 | ‘Intelligent Enterprise Award | 2018 |
| 3 | Young Business Leader of the Year | 2018 |
| 4 | Real Estate Unicorn of the Year | 2017 |
| 5 | Best Debt Provider of the Year | 2019 |
Piramal Group Rival Companies:
- 1. Dr. Reddy’s Lab
- 2. Cipla
- 3. Apollo
- 4. Glenmark
- 5. Aditya Birla Sun Life Insurance Company Limited.
- 6. Sun Pharmaceutical Industries Ltd
- 7. Abbott India
- 8. Divi’s Laboratories
- 9.Torrent Pharma
FAQs about Piramal Group Success Story:
What is a Piramal Group?
Piramal Group is a global business conglomerate with diverse interests in pharma, financial services, and real estate. The Group has offices in over 30 countries and a global brand presence in more than 100 markets and operates with over 10,000 people worldwide from 21 diverse nationalities.
Is Piramal a good company?
Is Piramal Enterprises a good company to work for? Piramal Enterprises has an overall rating of 3.9 out of 5, based on over 543 reviews left anonymously by employees. Piramal Group Success Story 83% of employees would recommend working at Piramal Enterprises to a friend and 73% have a positive outlook for the business.
How many companies are in a Piramal Group?
The Piramal Group comprises 3 key companies: Piramal Enterprises Ltd, Piramal Pharma Ltd, and Piramal Realty.
What is the net worth of Piramal Group?
As of September 2022, his net worth was estimated at US$3 billion.
Why PEL share is falling?
On a superficial glance, it may look like the financial performance for the financial year 2021-22 was bright because its revenues increased by 12%. Piramal Group Success Story However, if you take a detailed look at the financials, you’ll observe the setbacks. The operating profit margin has fallen by 10%.
Who founded Piramal?
Mr. Ajay Piramal is one of India’s leading industrialists and philanthropists, and Chairman of the Piramal Group. Piramal Group is a Piramal Group Success Story global business conglomerate with diverse interests in pharmaceuticals, financial services and real estate, with offices in 30 countries and its products sold in more than 100 markets.
Is Piramal a pharma company?
Piramal Pharma Limited (PPL) offers a portfolio of differentiated products and services through end-to-end manufacturing capabilities across 15 global facilities and a global distribution network in over 100 countries.
Is Piramal a product-based company?
Currently ranked 5th in the OTC segment, it has a reach of 7 Crore consumers a month. The Consumer Products Division has a diverse product range of 21 brands across categories such as Skin Care, Vitamins & Nutrition, Antacids, Analgesics, Gastrointestinal, and Baby-Care.
Is Piramal finance good?
Piramal Capital Housing Finance is rated 4.3 out of 5, based on 1.9k reviews by employees on AmbitionBox. Piramal Capital Housing Finance is known for Skill development which is rated at the top and given a rating of 4.2. However, Career growth is rated the lowest at 4.0 and can be improved.
How many employees does Piramal have?
We are home to a team of over 7,500 people from around the world and at all times have over 21 nationalities working with us. Our philanthropic arm, Piramal Foundation, runs projects across health care, education, livelihood creation and youth empowerment.
Why do you want to join Piramal?
At Piramal, every day brings new possibilities, learning and excitement. A truly entrepreneurial environment, incredible learning, and fast-track career growth are integral aspects of our culture.
Conclusion:
From this blog, we can provide the best information about India’s Leading Global Conglomerate Company Piramal Group Success Story here we saw the history of the company as well as its services, products, and a lot of it. It shows that you can do a lot if you have dedication and hard work. We also came to know about the founders and the achievements the company has accomplished.
