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 Ajay
Piramal,
Chairman, Nicholas Piramal India
Limited
Ajay
Piramal is the Chairman and Managing Director of Piramal
Enterprises Limited, a US$ 550 million industrial group with
significant interests in pharmaceuticals, retailing, textiles
and glass containers. He envisions making his group the most
admired one, in the eyes of all its stakeholders - customers,
shareholders, employees, and the society.
The flagship company, Nicholas
Piramal India Ltd. (NPIL) is the fourth largest pharmaceutical
player in India with an annual turnover of USD 250 million. It
all began with the acquisition of the USD 4 million Nicholas
Laboratories from Sara Lee in 1988. NPIL has registered
dramatic growth over the last 15 years through a string of
acquisitions that include the Indian subsidiaries of MNCs like
Roche, Boehringer Mannheim, Rhone Poulenc, and Hoechst Marion
Roussel (research division), and the pharmaceutical division
of ICI India limited. NPIL has embarked on a focused R&D
programme in a world-class facility in Mumbai in the areas of
NCE (new chemical entity), NDDS (new drug delivery system) and
process development. NPIL has filed its first patent for its
own NCE - an anti-cancer molecule NP102 - in India and the
USA.
NPIL also has successful joint
ventures/alliances with world-leaders like Boots, Allergan,
Hoffmann-La Roche and Aventis. NPIL, with its joint ventures,
has an annual turnover of over USD 350 million, making it the
second largest pharmaceutical group in India.
The group owns a profitable
retail business (Pyramid Megastore) that is on the threshold
of exciting growth. Gujarat Glass Ltd., another group company,
runs a successful export business and is actively looking to
step up its presence in the US market. Morarjee Mills,
Morarjee Brembana (JV) and Morarjee Castiglioni (JV) represent
the group's textile ventures.
Ajay holds/ has held several
positions of eminence in Indian industry:
- Member, Prime Minister's
Council for Trade & Industry
- Member, Prime Minister's
taskforce on Pharmaceuticals & Knowledge-Based
Industries
- External Director, State
Bank of India (India's largest commercial bank)
- Member, Board of Trade
(constituted by the Ministry of Commerce)
- Chairman, National Committee
on Industrial Policy for 2003-04 (constituted by the
Confederation of Indian Industries, the apex industrial
body in India)
- Director of Pratham, an
initiative to provide affordable education to
underprivileged Indian children
- Only Indian member of the
WEF's Governors' Forum on Healthcare
- Selected as a "Global
leader of tomorrow" by the World Economic Forum
(1996)
- Has been the Chairman,
Bombay Chapter of Young Presidents' Organisation (a
world-wide prestigious organisation of CEOs, Presidents
and Chairmen)
Ajay is 47 years old and holds
a Master in Management Studies from Jamnalal Bajaj Institute
of Management Studies, University of Bombay (1978); he has
completed the Advanced Management Programme from the Harvard
Business School in 1992. His wife, Dr. Swati Piramal holds an
MBBS, DIM and M.P.H., from the Harvard University and holds
the position of Director, Strategic Alliances in NPIL.
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