Business Standard

Ajay Piramal

Piramal Enterprises Q3 results: Consolidated net loss stood at Rs 2,378 cr

During the quarter, the group made a regulatory provision of Rs 3,540 crore with regard to its investments in AIFs as per the Reserve Bank of India's (RBI) mandate

Piramal Enterprises Q3 results: Consolidated net loss stood at Rs 2,378 cr
Updated On : 29 Jan 2024 | 4:51 PM IST

RBI must seriously consider deposit licences for NBFCs: Ajay Piramal

"By the end of September, we will have approximately Rs 6000 crore of cash in the balancesheet, which is much more than the LCR requirements"

RBI must seriously consider deposit licences for NBFCs: Ajay Piramal
Updated On : 29 Aug 2023 | 9:42 PM IST

Tata Sons amends articles of association at AGM to split top roles

The resolutions to renew the directorship of Ajay Piramal and Venu Srinvasan were also cleared by the shareholders

Tata Sons amends articles of association at AGM to split top roles
Updated On : 31 Aug 2022 | 12:53 AM IST

NCLT okays demerger plan of Piramal Enterprises into pharma, corporate biz

"We are on track to achieve the completion of demerger and separate listing of Piramal Pharma by the third quarter of the current financial year," PEL Chairperson Ajay Piramal said.

NCLT okays demerger plan of Piramal Enterprises into pharma, corporate biz
Updated On : 12 Aug 2022 | 10:38 PM IST

India at 75: Tatas to Naik, Murthy - 25 towering business leaders of India

Some are 'Midnight's Children' whose pre-Independence businesses bloomed after 1947, some 'Licence Raj Warriors' who refused to let red-tapeism slow them down. A look at 25 towering business leaders

India at 75: Tatas to Naik, Murthy - 25 towering business leaders of India
Updated On : 12 Aug 2022 | 12:51 PM IST

Piramal Group charts growth path for financial services business

'We are on track to achieve retail loan disbursements of Rs 2,500 cr-3,500 cr in Q3FY23,' which is 5-7 times of pre-merger levels, says Piramal Group chairman Ajay Piramal

Piramal Group charts growth path for financial services business
Updated On : 01 Aug 2022 | 3:46 PM IST

Pharma companies with quality compliance to be stronger: Piramal

Pharmaceutical businesses that have a strong track record of quality compliance and can remain agile towards new regulatory requirements, will emerge stronger as the impact of the pandemic decreases, according to Piramal Enterprises Ltd Chairman Ajay G Piramal. Addressing shareholders in the company's annual report for 2021-22, Piramal said the company's pharma vertical is expected to have nearly 15 per cent CAGR revenue growth across businesses in the medium to long-term. "In the current circumstances, the pharmaceutical sector has emerged as an essential industry, with an ever-more critical role in today's evolving world," he wrote. Stating that the world's economy and infrastructure continue to be affected by significant supply chain disruptions and volatility in raw material costs, Piramal said safeguarding the supply chain is extremely critical and the company's teams have been pro-actively working towards diversifying vendor base and obtaining alternative suppliers to reduce .

Pharma companies with quality compliance to be stronger: Piramal
Updated On : 09 Jul 2022 | 2:54 AM IST

Piramal Enterprises gets shareholders' nod to demerge pharma business

The company has received 99 per cent of votes at the shareholders meeting held on Tuesday, PEL said in a statement

Piramal Enterprises gets shareholders' nod to demerge pharma business
Updated On : 07 Jul 2022 | 12:14 AM IST

Piramal Group chairman awarded for services to UK-India trade relationship

Piramal Group Chairman Ajay Piramal has received the prestigious Commander of the Order of the British Empire (CBE) award, a release said on Tuesday. Piramal has received the award for services to the UK-India trade relationship as India Co-Chair of the UK-India CEO Forum. Piramal said: "I am humbled and honoured to receive this honorary award from Her Majesty The Queen." As co-chair of India-UK CEO forum since 2016, the endeavour has been to help strengthen the strong bilateral relations between the two countries through greater economic co-operation, he added. "I'm delighted that Her Majesty The Queen has, in her Jubilee Year, approved Ajay Piramal an honorary CBE in recognition of the leading role Ajay has played in the UK-India relationship," Alan Gemmell, Her Majesty's Trade Commissioner for South Asia and British Deputy High Commissioner for Western India, said. The Commander of the Order of the British Empire (CBE) is awarded for having a prominent role at national level.

Piramal Group chairman awarded for services to UK-India trade relationship
Updated On : 17 May 2022 | 6:41 PM IST

Piramal Enterprises gets board nod to raise up to Rs 700 cr through bonds

The committee in its meeting held on Wednesday approved the issuance of the NCDs on private placement basis, Piramal Enterprises said in a regulatory filing

Piramal Enterprises gets board nod to raise up to Rs 700 cr through bonds
Updated On : 04 May 2022 | 11:17 AM IST

Piramal Enterprises Q3 profit rises 11% to Rs 888 crore

The company had posted a net profit of Rs 799 crore for the same period last fiscal year

Piramal Enterprises Q3 profit rises 11% to Rs 888 crore
Updated On : 11 Feb 2022 | 1:34 AM IST

Demerger could fetch higher valuations for Piramal Pharma

The company is focussing on growth and is scouting for more acquisitions

Demerger could fetch higher valuations for Piramal Pharma
Updated On : 08 Oct 2021 | 1:27 AM IST

DHFL acquisition to see Piramal Enterprises sharpen its retail focus

Completes acquisition; pays Rs 34,250 cr to creditors

DHFL acquisition to see Piramal Enterprises sharpen its retail focus
Updated On : 30 Sep 2021 | 1:43 AM IST

Will step down from Tata board if there's a conflict, says Ajay Piramal

In an interview, Piramal Group chairman said he would not hesitate to step down from Tata Sons board if there is a sense of conflict of interest after his acquisition of DHFL

Will step down from Tata board if there's a conflict, says Ajay Piramal
Updated On : 30 Sep 2021 | 6:05 AM IST

A Rs 1,001 cr house for Mr Damani and other marquee realty buys in Mumbai

DMart promoter Radhakishan Damani has reasons besides snob value for buying plush Malabar Hill property, say experts

A Rs 1,001 cr house for Mr Damani and other marquee realty buys in Mumbai
Updated On : 07 Apr 2021 | 12:53 PM IST

Budget 2021: Ajay Piramal to Rajeev Talwar, BS Jury lauds Atmanirbhar push

The first Budget of this new decade reimagines India in the form of Aatmanirbhar Bharat like never before, Sunil Bharti Mittal, Chairman, Bharti Enterprises said

Budget 2021: Ajay Piramal to Rajeev Talwar, BS Jury lauds Atmanirbhar push
Updated On : 01 Feb 2021 | 11:23 PM IST

Piramal seeks investors, hedge funds to raise capital for unfinished houses

India's real estate market is grappling with a lingering lockdown that's slowed construction and sharply crimped new sales in an already struggling market.

Piramal seeks investors, hedge funds to raise capital for unfinished houses
Updated On : 14 Jul 2020 | 11:39 PM IST

Piramal sells 20% in pharmaceutical business to Carlyle for $490 mn

Carlyle will pick up a 20 per cent stake for $490 million or around Rs 3,700 crore in the pharma subsidiary called Piramal Pharma Ltd

Piramal sells 20% in pharmaceutical business to Carlyle for $490 mn
Updated On : 28 Jun 2020 | 12:24 AM IST

Piramal sells healthcare analytics subsidiary DRG to Clarivate for $950 mn

The company said it was a strategic investment for PEL and it decided to sell as it saw good value for its shareholders. The sale value is roughly five times the annual sales of DRG

Piramal sells healthcare analytics subsidiary DRG to Clarivate for $950 mn
Updated On : 17 Jan 2020 | 11:04 PM IST

When Rahul Bajaj, Kiran Mazumdar-Shaw broke deafening silence of India Inc

In visible signs of economic woes, the auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.

When Rahul Bajaj, Kiran Mazumdar-Shaw broke deafening silence of India Inc
Updated On : 24 Dec 2019 | 10:17 PM IST