Anand Piramal Bio, Age, Wife, House, Business, Net Worth & Wiki

Anand Piramal is a successful Indian Businessman, Entrepreneur, and Investor. He is the executive director of Piramal Group and is responsible for its real state business. He is actively involved in group strategy, values, and organization development.

Anand Piramal was born on 25 October 1985 in Mumbai, Maharashtra, India. Anand Piramal is the son of Swati Piramal, and Ajay Piramal who is the chairman of Piramal Group, and husband of Isha Ambani who is the daughter of a famous businessperson Mukesh Ambani. He also has one sibling Nandini Piramal (Executive Director of Piramal Enterprises Ltd) who is married to Peter D’Young in 2009.

Anand Piramal Wiki/Bio

Life Journey

Anand Piramal completed his school level study from the Cathedral and John Connon School in Mumbai. And for the higher study, he moved to the USA and completed his graduation in Economics from the University of Pennsylvania in Philadelphia (USA).

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Later he enrolled at the Harvard Business School in Boston (USA) and completed his Master of Business Administration (MBA) degree from there. Piramal has received an honorary doctorate by Amity University, India and Honorary Doctor of Science from IIT Indore

In 1977, Piramal entered in his family’s textile business, which was founded in 1934 by his grandfather Piramal Chatrabhuj. His father, Gopikisan Piramal, expired suddenly in 1979, and after five years he lost an older brother by cancer, prompting him to take over the business reins.

In the year 2004, he founded an NGO named ‘Dia,’ with an aim to help the poor people in Rajasthan. During the initial start of his career, he was not sure whether to choose consultancy or entrepreneurship. But under the guidance Mukesh Ambani – family friend and eminent businessman, he decided to go for entrepreneurship.

In the year 2012, he established “Piramal eSwasthya” with the aim of improving healthcare. And then became the Executive Director of the ‘Piramal Group,’ and is handling the family’s real estate business.

Anand Piramal Net Worth

According to Woodgram Anand Piramal’s estimated Net Worth, Salary, Income, Cars, Lifestyles & many more details have been updated below. Let’s check, How Rich is Anand Piramal in 2023?

Career

Crippling and violent strikes that started in 1982 had brought the textile industry to its knees. There were 7,000 employees in the textiles business. In 1986 Piramal walked out to a meeting with 4,000 workers, with a suggestion that workers accept a separation package, as the business was being wound down.

In the year 1988, Anand Piramal bought Nicholas Laboratories, an Australian multinational corporation. The company, which then competed with the likes of MNCs such as Pfizer and Glaxo, is now ranked 5th among the top 10 pharma companies in India, having made a chain of overseas properties like the Indian subsidiaries of Roche, Boehringer Mannheim, Rhone Poulenc, ICI and Hoechst Research Centre. India’s first significant shopping center, Crossroads, was created from three excess Piramal processing plant structures in Mumbai.

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He led Piramal Enterprises Ltd invested in Vodafone India by buying 11% in two tranches. The main 5.5%, was purchased in 2011 for Rs 2,856 crore and the second, the following year for Rs 3,007 crore. to buy a 5.5% stake in Vodafone India for INR 30.07 billion ($618 million), taking the total stake to 11%. In April 2014, Piramal Enterprises Ltd. sold its 11% stake for INR 8,900 crore, at a 51.78% premium to the price the company had paid in 2011-12.

After selling his stake in Vodafone India, Piramal paid INR 2,014 crore to buy a 20% stake in Shriram Capital Ltd., an arm of the Chennai-based Shriram Group. The purchase was made in addition to INR 1,636 crore investment in Shriram Transport Finance Co. Ltd. for a 9.9% stake. he is also serving as the Chairman of Shriram Group.

For the expansion of ‘Piramal Group,’ he decided to invest in investment banking firm Goldman Sachs and also a private equity firm Warburg Pincus. In 2015, he was able to raise $ 434 million, which is considered to be the largest private equity investment of any Indian real estate. In the year 2018, he received the honor of ‘Young Business Leader of the Year’ and also decorated by the ‘Harun Real Estate Unicorn of the Year’ 2017 award.

Facts

• Does Anand Piramal smoke?: Not Known
• Does Anand Piramal drink alcohol?: Not Known
• His uncle Dilip Piramal is the chairman of ‘VIP Industries.’
• Anand was born to a Manvari billionaire business tycoon father, who is the Chairman of Piramal Group & Shriram Group, and a Gujarati doctor and Padma Shri awardee mother.
• In May 2018, he proposed to Isha at a temple in Maharashtra’s Mahabaleshwar, which she instantly accepted.
• Since 1980, The Piramals and the Ambanis have been family friends.
• Anand played a major, job in the securing of prime land bundles across Mumbai and shaping a group for different activities.
• Anand has the ownership of President in the Indian Merchant Chamber of Youth Wing.

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