A biography for Ajay Piramalhasn’t been written yet.
“When we look at our business, we are not that concerned about short term valuations.”
“Our responsibility is to maximise shareholder value, and if that means we can make short-term investment where we can maximise short-term value, we can do that.”
“Don't hoard your wealth. Instead, live the life you want with the wealth you have been blessed with, but also make it beneficial for the good of the larger community.”
“Within the renewables space, we are focused on solar and wind energy.”
“Share your prosperity.”
“Fortunately, in Piramal Enterprises, we are in three broad sectors. One is in the whole financial services sector, the second is in pharmaceuticals, and the third is in healthcare analytics and data.”
“We have a unique culture.”
“We have been successful in buying and selling companies because we have a reputation of fulfilling deal terms in letter and spirit.”
“Many people say that in a liberalised world there is little for the government to do, but the fact is that there is much for the government to do in fewer areas. One such area is to provide infrastructure.”
“When we exited the textiles business, we paid our bankers and labourers. We must have been the only company to do that.”
“Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.”
“Governments cannot do innovation. There are too many audits, and no one stays in a role for long enough.”
“It was always the intention that Shriram would have started a bank at some point.”
“There are always highs and lows in life, but if you maintain an even keel, then you can take the right decisions.”
“I am not for buying into financial services firms because I am not sure of the quality.”
“I may believe in something, but if it is not working and is not giving returns, we have to close it down because that is the right thing to do for the shareholders.”
“Textile mills are not a very high-margin business and have fixed overheads, so it was challenging. But I think it is only in challenges that you get opportunities.”
“There is nothing similar between the pharmaceutical and textile business.”
“Our organisation and culture is based on professionalism and values. I think my children reflect both.”
“Investment in Shriram will actually enable us to enter some of the retail segments such as vehicle financing, consumer and gold loans, and other products such as insurance, mutual funds, among others, where we wanted to have a footprint.”