Piramal Group : Overview
A brief about Ajay Piramal, chairman of Piramal group The quality of management and level of corporate governance Mr. Ajay Piramal brings on board is unmatched and one of the prominent example in leading a company. From exiting textile business and entering pharmaceuticals, selling pharma division (at 9xP/S) and rewarding shareholders, Ajay Piramal has compounded wealth at 26% CAGR over last 33 years. “Having a “web of trust” is our philosophy. I am comfortable with it. We don’t have a single legal case. Why? Why did we not go into patent challenges? Because you can’t have a relationship where you keep fighting.” “I don’t take much cognizance of the stock market which focuses on the short term. I will do what’s right for the business and the shareholders. Frankly, I don’t owe my job to an analyst. So, therefore, I can afford to take a long term view.” They think in terms of not years, but decades. They think in terms of not maximizing near term reported earnings, but maximizing...