Ajay Piramal is the Chairman of Piramal Enterprises Limited. A sudden death of his father forced his brother Ashok to take over the family business. However, five years later he too died. His problems worsen when a year-long textile strike led to the down fall of Morarjee Mills, the group`s main business venture.
In 1988, he bought Nicholas Laboratories, an Australian multinational corporation. The company is now ranked in one of top 10 pharma companies. On its way of success, the company made a string of overseas acquisitions like the indian subsidiaries of Roche, Boehringer Mannheim, Rhone Poulenc, ICI and Hoechst Research Centre. Piramal is also the chairman of the group`s retail operations. India`s first major shopping mall, Crossroads was developed from three redundant Piramal factory buildings in Mumbai.
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