Pharma Industry

It wasn’t a one-horse race. We chose Carlyle because of its experience in healthcare: Ajay Piramal

2 years ago


From left, Nandini Piramal, executive director, and Ajay Piramal, chairman, Piramal Enterprises; photo by Bharat Chanda

Synopsis

The Piramal Enterprises chairman recently said global private-equity major Carlyle Group would pick up a 20% stake in its pharmaceutical unit for INR3,700 crore.

Ajay Piramal is an intrepid businessman. He has acquired businesses, grown them, and sold them off at hefty valuations. His decision to diversify into financial services helped transform Piramal Group into a conglomerate. However, the billionaire businessman still holds pharmaceuticals close to his heart. In an exclusive chat with Vikas Dandekar of ET Prime, Ajay Piramal and his daughter Nandini Piramal, executive director of Piramal

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