Piramal Group
Company type | Conglomerate |
---|---|
Founded | 1984 |
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people |
|
Services |
|
Revenue | ₹14,710 crore (US$1.8 billion) (FY22) |
₹6,500 crore (US$810 million) (FY22) | |
₹1,923.11 crore (US$240 million) (FY22) | |
Subsidiaries |
|
Website | www |
The Piramal Group is an Indian multinational conglomerate that has presence across various sectors such as
.History
In the early 1980s,
In 1988, the group bought Nicholas Laboratories, which later flourished and by 2010 reached the highest valuation in the pharmaceutical industry. Over the decade, the company acquired many business units to strengthen their presence.
In November 1993, Swiss drug multinational Hoffmann-La Roche sold its Indian subsidiary, Roche Products (India) Ltd to Piramal Enterprises, including its assets like the Vitamin-A producing Fine Chemicals Plant in Balkum, Thane. Roche Products was later renamed Piramal Healthcare Ltd.
In 1999, Piramal Glass acquired Ceylon Glass Company Limited, Sri Lanka.[1]
In 2006, the company bought Pfizer’s UK manufacturing facility in Morpeth.[2][3] The company also formed the Piramal Foundation, a philanthropic arm of the group.
In 2007, it underwent a deal with
In 2008, it signed a second drug development deal with Eli Lilly and Company.[6][7] The company Nicholas Laboratories was renamed to Piramal Healthcare Ltd.In 2010, Piramal Healthcare sold its domestic formulations business to Abbott for $3.72 billion (about ₹18,000 crore).
2011 saw
Piramal Enterprises acquired the brand
Piramal Imaging entered into a Strategic Partnership and Exclusive Licensing Agreement with Ci-Co Healthcare for Commercialization of
European Union’s CHMP recommends EU approval of Piramal Imaging’s radiopharmaceutical NeuraCeq (florbetaben 18F).[16]
In December 2020, Piramal Glass was sold to
Group companies
The Piramal Group comprises 3 key companies: Piramal Enterprises Ltd, Piramal Pharma Ltd and Piramal Realty. Piramal Enterprises and Piramal Pharma are listed at both Bombay Stock Exchange and National Stock Exchange.[18]
Piramal Enterprises
Piramal Enterprises Limited is the flagship company of Piramal Group, and active in financial services. Piramal Enterprises is involved in retail lending, housing finance and vehicle financing. It has two main subsidiaries viz., Piramal Capital & Housing Finance (PCHFL) and PHL Fininvest.[19] It also holds minority stakes in Shriram Group companies.[20]
In 2021, Piramal acquired the bankrupt
Since 2016, Piramal Enterprises and
Piramal Pharma
Piramal Pharma Limited is active in business verticals including
Piramal Pharma's subsidiaries include Hemmo Pharmaceuticals[29] and Convergence Chemicals.[30] It also has a joint venture with Allergan in the ophthalmology products segment.[31]
Piramal Realty
Piramal Realty is a fully owned real estate venture of Piramal Group. The company is planning to develop about 30 million square feet through land acquisitions from its own sources. The group developed a mall in, Cross Roads, at South Mumbai.[32]
Piramal Foundation
The
See also
- Piramal Glass
References
- ^ "Piramal – The leader in the manufacture of pharmaceuticals and glass containers". Retrieved 12 October 2020.
- ^ "Nicholas Piramal to buy Pfizer's Morpeth, UK facility". Business Standard. 15 June 2006.
- ^ "Nicholas Piramal to buy Pfizer's UK unit". The Times of India. 15 June 2006. Archived from the original on 4 September 2013.
- ^ "Nicholas Piramal, Merck in new drug discovery JV". Economic Times. 19 November 2007.
- ^ "Nicholas Piramal, Merck enter R&D collaboration". Indian Express. 19 November 2007.
- ^ "Nicholas Piramal arm signs 2nd drug development deal with Eli Lilly". Economic Times. 15 February 2008.
- ^ "Nicholas Piramal, Eli Lilly in drug development deal". Financial Express. 13 January 2007.
- ^ "Abbott acquires Piramal's healthcare unit". Economic Times. 21 May 2010.
- ^ "The most Expensive Pharma Deal ever". Forbes India. 7 June 2010.
- ^ "Piramal Healthcare completes sale of diagnostics arm to SRL". Business Standard India. 21 August 2010. Retrieved 19 December 2022.
- ^ https://www.piramalrealty.com/ Piramal Realty
- ^ "Piramal hikes stake to 11% in Vodafone India unit". The Financial Express. 5 February 2012.
- ^ "Piramal Group to sell Vodafone India stake for Rs. 8900 crore". IANS. news.biharprabha.com. Retrieved 10 April 2014.
- ^ "Piramal Enterprises acquires brand Caladryl in India". Times Of India. 1 November 2013.
- ^ "Piramal Imaging enters into a strategic partnership with Ci-Co Healthcare". Express Healthcare. 10 December 2013.
- ^ "CHMP recommends EU approval of Piramal Imaging's NeuraCeq". IIFL. 21 December 2013.
- ^ "Blackstone to buy Piramal Glass for $1 billion". The Hindu Business Line. 11 December 2020. Retrieved 16 November 2022.
- ^ "Piramal Enterprises Yearly Results, Financial summary, Piramal Enterprises Yearly Earnings – The Economic Times". economictimes.indiatimes.com. Retrieved 28 June 2019.
- ^ "PHL Fininvest Private Limited". ICRA. Retrieved 16 November 2022.
- ^ Karthik, Hamsini (4 September 2022). "Eyeing bank license, Piramal firms up on exiting Shriram group". The Hindu Businessline. Retrieved 16 November 2022.
- ^ "Piramal pays lenders for DHFL acquisition". The Hindu Business Line. Retrieved 6 September 2022.
- ^ "Lending Partners". Piramal Finance. Retrieved 16 November 2022.
- ^ "Piramal Enterprises posts net loss of Rs 1,536 cr on higher provisions". Business Standard. Retrieved 16 November 2022.
- ^ "Ajay Piramal ties up with Bain Capital for a $750 mn-$1 bn distressed debt fund". The Economic Times. Retrieved 17 November 2022.
- ^ Nandy, Madhurima (6 February 2020). "Piramal, CDPQ form $300-mn credit vehicle". mint. Retrieved 17 November 2022.
- ^ "Piramal Enterprises sets up AMC with assets worth Rs 11,000 crore". Business Standard. Retrieved 17 November 2022.
- ^ "Ajay Piramal begins 2nd innings in pharma". Fortune. Retrieved 16 November 2022.
- ^ Narayanan, K. S. Badri (30 August 2022). "Piramal NBFC arm lists after demerger". www.thehindubusinessline.com. Retrieved 6 September 2022.
- ^ "Piramal Pharma completes acquisition of Hemmo Pharmaceuticals". The Economic Times. Retrieved 17 November 2022.
- ^ "Piramal Enterprises climbs 2.5% after subsidiary completes full acquisition of Convergence Chemicals". India Infoline. Retrieved 17 November 2022.
- ^ "Allergan-Piramal JV plant to manufacture ophthalmic bulk drugs". Pharmabiz. Retrieved 17 November 2022.
- ^ "Piramal Realty a company of Piramal Group, Introduces Welltech Homes in Byculla Mumbai". Rashtranews.com. 17 February 2022. Retrieved 18 February 2022.
- ^ "Piramal Foundation's project to provide telemedicine solution in Maharashtra". The Times of India. 15 March 2013. Archived from the original on 2 December 2013.
- ^ "Let's drink to that". Business Today. 19 August 2012.
- ^ "Source For Change: India's 1st All Women Rural BPO". The Better India. 13 September 2010.
- ^ "Citi, Pratham Foundation to build job skills in youth". Business Line. 21 September 2012.
- ^ "Piramal Prize — Help Democratize Healthcare". Think Change India. 25 February 2008.