Tag: Ajay Piramal

  • List of Top 15 Philanthropists in India

    A philanthropist is a term related to a person who is capable of helping the needy with the resources they have, especially money. Philanthropists help needy people create a better world and, so to say, improve the economy of a country. The constant effort to promote human welfare makes a person an actual philanthropist.

    India is a country that has umpteen slums in every city. People living in such slums are so poor and needy that our industrialists and rich heads come forward to help them during their hard times. In the recent times, these philanthropists donated as much as they could. Here is the top philanthropists’ list in India:

    Serial No. Philanthropist Donation (FY24)
    1. Shiv Nadar and Family INR 2153 crore
    2. Mukesh Ambani and Family INR 407 crore
    3. Bajaj Family INR 352 crore
    4. Kumar Mangalam Birla and Family INR 334 crore
    5. Gautam Adani INR 330 crore
    6. Nandan Nilekani INR 307 crore
    7. Krishna Chivukula INR 228 crore
    8. Anil Agarwal INR 181 crore
    9. Susmita and Subroto Bagchi INR 179 crore
    10. Rohini Nilekani INR 154 crore
    11. Azim Premji INR 1774 crore (2023)
    12. Ajay Piramal INR 200 crore (2023)
    13. Shrichand Hinduja
    14. Sudhir Mehta INR 81 crore (2023)
    15. Cyrus and Adar Poonawalla INR 179 crore (2023)

    Shiv Nadar and Family

    Name Shiv Nadar
    Company HCL Technologies
    Donation INR 2,153 Crores
    Primary Cause Arts, Culture and Heritage
    Shiv Nadar - Famous Philanthropist in India
    Shiv Nadar – Famous Philanthropist in India

    Shiv Nadar, the founder of a multi-billion company (HCL Technologies) donates a huge amount of his earnings through the foundation named after him, Shiv Nadar Foundation. The foundation’s focus is empowering individuals through education to bridge the socio-economic divide.

    He is widely regarded as the biggest philanthropist in India and believes that every person should be well educated thus has the aim to establish institutions and schools in the underdeveloped and rural areas of our country. Some of his famous institutions are the SSN Institution, VidyaGyan & Kiran Nadar Museum of Art. Shiv Nadar donated 5% more than FY2023 with a total of INR 2153 crores making him the top philanthropist in India for 2024.

    Mukesh Ambani and Family

    Name Mukesh Ambani
    Company Reliance Industries
    Donation INR 407 Crores
    Primary Cause Healthcare
    Mukesh Ambani - Top 10 Donation Person in India
    Mukesh Ambani – Famous Philanthropist in India

    Mukesh Ambani, one of the richest people in the world is also a big philanthropist who founded the Reliance Foundation, a non-profit organization in 2010. This Foundation‘s objective is to promote sustainable growth in India.

    The Reliance Foundation is run by Mrs. Nita Ambani who has a focus on rural transformation, health, education, and sports for development. Every year the foundation donates an amount of approximately INR 407 crores to such programs and NGOs. Mukesh Ambani and his family are second in the top 10 philanthropists of India for 2024.


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    Bajaj Family

    Name Bajaj Family
    Company Bajaj
    Donation INR 352 Crores
    Primary Cause Education
    Bajaj Family - Famous Philanthropist in India
    Bajaj Family – Famous Philanthropist in India

    The Bajaj family, Indian philanthropists, has made notable contributions and has been actively involved in philanthropic activities in the country where they have established their business. Their charitable endeavors have demonstrated a commitment to giving back to society and have had a significant impact on the communities they serve.

    Their contribution of INR 352 crore to the cause is a testament to their unwavering commitment to charity and social welfare. This achievement marks their first appearance on the prestigious list since its inception and highlights their dedication to making a tangible impact through their acts of kindness. Bajaj Family is the third in the top 10 philanthropists of India for 2024.

    Kumar Mangalam Birla and Family

    Name Kumar Mangalam Birla
    Company Aditya Birla
    Donation INR 334 Crores
    Primary Cause Education
    Kumar Mangalam Birla - Famous Philanthropist in India
    Kumar Mangalam – Famous Philanthropist in India

    The chairman of Aditya Birla Group, Kumar Mangalam Birla donated a huge amount of his profits to the PM CARES FUND and helped actively people during the COVID-19 pandemic times to do the needful.

    His focus is on the poor who don’t have enough financial resources to pay their hospital bills and get proper treatment. He frequently visits the Aditya Birla Memorial Hospital to check up on its welfare and services. He is one of the top philanthropists in India for 2024.

    Gautam Adani

    Name Gautam Adani
    Company Adani Group
    Donation INR 330 Crores
    Primary Cause Education
    Gautam Adani - Top 10 Donation Person in India
    Gautam Adani – Famous Philanthropist in India

    Gautam Adani is a true entrepreneur in every sense. He has businesses in almost every sector. He believes a lot in helping and is always donating finances through the Adani Foundation to the needful.

    Adani Foundation is based on the Gandhian Philosophy of Trusteeship. The main motive is to facilitate quality education, enable youth with skills, and promote society through infrastructural development. He also donated an amount of INR 88 Crores during the COVID-19 period to the PM Cares Fund. With a donation of INR 330 crore, Gautam Adani is the 5th in the top 10 philanthropists in India for 2024.


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    Nandan Nilekani

    Name Nandan Nilekani
    Company Infosys
    Donation INR 307 Crores
    Primary Cause Ecosystem Building
    Nandan Nilekani - Top 10 Donation Person in India
    Nandan Nilekani – Famous Philanthropist in India

    Nandan Nilekani is the co-founder of Infosys. In 1978, he started his career at Infosys, and now he is one of India’s biggest entrepreneurs and a big philanthropist. He and his wife started donating small amounts of their income to poor people, and in 2017, both of them decided to donate 50% of their wealth to an NPO, which is operated by Bill Gates Foundation.


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    Krishna Chivukula

    Name Krishna Chivukula
    Company INDO-MIM
    Donation INR 228 Crores
    Primary Cause Education
    Krishna Chivukula - Top 10 Donation Person in India
    Krishna Chivukula – Famous Philanthropist in India

    Krishna Chivukula, chairman of INDO-MIM, has donated INR 228 crore to IIT Madras. This is the largest donation the institute has ever received. The money will be used for fellowships for top BTech students, sports programs, and important research projects. He is now ranked 7th on the list of top donors.

    Anil Agarwal

    Name Anil Agarwal
    Company Vedanta
    Donation INR 181 Crores
    Primary Cause Healthcare
    Anil Agarwal - Famous Philanthropist in India
    Anil Agarwal – Famous Philanthropist in India

    Anil Agarwal founded the Vedanta foundation on 15th September 1992, to help in creating more employment for sustainable development. Vedanta Foundation aims to achieve development through programs in the form of initiatives with a broad focus mainly on education, nutrition, and livelihood. He is one of the top philanthropists in India for 2024.

    Their main objective is to focus on the school children, to provide them with proper nutrition, training, and knowledge about the digital world, which helps them to grow and grab better job opportunities.

    Susmita and Subroto Bagchi

    Name Susmita and Subroto Bagchi
    Company Mindtree
    Donation INR 179 Crores
    Primary Cause Education
    Susmita and Subroto Bagchi - Top 10 Most Charitable Person in India
    Susmita and Subroto Bagchi – Famous Philanthropist in India

    Mindtree founder Subroto Bagchi and his wife Susmita are now in the top 10 donors list. They donated INR 179 crore, 63% more than last year. They focus on education and started the Bagchi School of Public Health at Ahmedabad University in 2023.

    Rohini Nilekani

    Name Rohini Nilekani
    Company Rohini Nilekani Philanthropies
    Donation INR 154 Crores
    Primary Cause Ecosystem Building
    Rohini Nilekani - Famous Philanthropist in India
    Rohini Nilekani – Famous Philanthropist in India

    Rohini Nilekani, a philanthropist in India, has been a beacon of hope for those in need with her consistent and generous donations of INR 15470 crore in 2024. Her unwavering dedication towards philanthropic causes is evident from her pledge to donate half of her wealth to noble works through the ‘Giving Pledge.’ She has been actively involved in various initiatives and programs aimed at uplifting society and making a positive impact on the lives of people. Her philanthropic efforts have touched the lives of many, and she continues to inspire others to follow in her footsteps.

    Azim Premji

    Name Azim Premji
    Company Wipro
    Donation (FY 2023) INR 1,774 Crores
    Primary Cause Education
    Azim Premji - Famous Philanthropist in India
    Azim Premji – Famous Philanthropist in India

    Mr. Azim Premji is one of the most respected Indian Business tycoons, and also a top Indian philanthropist as he’s been donating his time, money, and experience to the people who are in the utmost need.

    Recently, he has donated most of his wealth to all other philanthropists so they can pass on the resources to the right place at the right time. He has a trust named Azim Premji Foundation, which gives grants to non-profit organizations that work for the most vulnerable people in our society by providing them with the essential services required to carry out a healthy life. He is considered one of the most famous philanthropist in India.

    Ajay Piramal

    Name Ajay Piramal
    Company Piramal Group
    Donation (FY 2023) INR 200 Crores
    Primary Cause Healthcare, Women’s Empowerment, Education
    Ajay Piramal - Top 10 Most Charitable Person in India
    Ajay Piramal – Famous Philanthropist in India

    Ajay Piramal, who owns a business of 460 crores, is a well-known philanthropist and also believes in donating for the good. He started his philanthropic career in 2006 by forming a group named the Piramal Foundation. His main objective was healthcare. As he became a pharmaceutical company he realized the need for a better healthcare system in India.

    Presently the foundation works in four areas that are: Healthcare, Education, Better Livelihood, and Youth empowerment. Ajay donates around INR 200 crores every year to India’s needy population and is counted as one of the biggest philanthropist in India.


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    Shrichand Hinduja

    Name Shrichand Hinduja
    Company Hinduja Group
    Donation (FY 2023)
    Primary Cause Helping Others
    Shrichand Hinduja - Famous Philanthropist in India
    Shrichand Hinduja – Famous Philanthropist in India

    Following the legacy left by his father, Shrichand Hinduja is one of the leading businessmen and a big philanthropist in India. Hinduja Foundation was founded in 1970 with the objective of ending poverty in the country.

    The foundation has done various initiatives to identify and enhance the efficiency of water usage in rural areas. They also focus on the healthcare facilities available to remote areas and help in the sustainable development of small villages and towns.

    Sudhir Mehta

    Name Sudhir Mehta
    Company Torrent
    Donation (FY 2023) INR 81 Crores
    Primary Cause Community Healthcare, Education, and Knowledge Enhancement
    Sudhir Mehta - Famous Philanthropist in India
    Sudhir Mehta – Famous Philanthropist in India

    Sudhir Mehta is a well-known philanthropist in India, owning the Torrent group, which deals in the gas and power business. He donates a lot to the Gujarati community and the Jain people. Sudhir helps the people by giving the poor children a proper source of education and healthy meals to eat. He dreams of achieving a 100% literacy rate in India.


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    Cyrus and Adar Poonawalla

    Name Cyrus and Adar Poonawalla
    Company Serum Institue of Inida
    Donation (FY 2023) INR 179 Crores
    Primary Cause Healthcare
    Cyrus and Adar Poonawalla - Famous Philanthropist in India
    Cyrus and Adar Poonawalla – Famous Philanthropist in India

    Cyrus S. Poonawalla and Adar Poonawalla, who represent the Serum Institute of India, have made an outstanding contribution of INR 179 crore to the India Philanthropy List 2023. The Poonawalla brothers have been particularly focused on the healthcare industry, which reflects a remarkable 60% increase in their donations from the previous year.

    Their continued support of charitable activities related to the healthcare sector is further illustrated by their additional contribution of $19.08 million from Serum Inc. and Serum Institute Life Science-UK. All these contributions from famous philanthropists are a testament to their unwavering commitment to improving the healthcare sector in India.


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    Conclusion

    The nation requires philanthropists in India who give their best efforts to make the country a better place to live. Such people who are capable of helping others should be appreciated as they are the people who can transform India by filling the gaps that others cannot. The above list of philanthropists in India highlights individuals who have made significant contributions to society through generous donations, particularly in areas like education, healthcare, and research.

    FAQs

    Who is the greatest philanthropist in India?

    Shiv Nadar is considered one of the greatest philanthropists in India, as he has donated around ₹2,153 crores in 2024.

    Who is a philanthropist?

    A philanthropist is a person who donates his/her time, money, experience, and skills to help create a better world.

    What is an example of philanthropy?

    An example of philanthropy would be giving money to charity or volunteering.

    Who is India’s most charitable person?

    Azim Premji, one of India’s most respected business tycoons, is widely regarded as the country’s most charitable person for his extensive philanthropic contributions.

  • Piramal Group Success Story | Journey to Become India’s Leading Global Conglomerate Company

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Piramal Enterprises.

    If you were to start a business, you would require considerable time and effort to maintain the legacy. For businesspeople to run a business is not an easy job. It needs dedication and strategic planning to be successfully managed.

    There are some entrepreneurs who like to take up challenges and diversify their businesses into multiple markets or industries. To put it simply, this type of business is called a conglomerate. As a matter of fact, India is home to many such conglomerates and over the past few years, it has witnessed some major developments with many growth-oriented policies.

    In this article, we are going to share some the story of the Piramal Group, which is India’s leading global business conglomerate company. Headquartered in Mumbai, Piramal Group was founded by Ajay Piramal in 1984 with varied expertise in sectors like Pharma, Financial Services, and Real Estate.

    Find out more about Piramal Group’s startup story, its key people, what are its marketing strategies, its revenue model, challenges faced, funding and investors, and many more in the article further.

    Piramal Enterprises – Company Highlights

    Headquarters Mumbai, India
    Sector Conglomerate
    Type Private
    Founder Ajay Piramal
    Key People Dr.Swati Piramal (Vice Chairperson)
    Founded 1984
    Revenue $1.8 billion (FY22)
    Total Funding Raised $737.1 million
    Website www.piramal.com

    Piramal Group – About and How does it work?
    Piramal Group – Founder and Team
    Piramal Group – Mission and Vision
    Piramal Group – Name, Tagline, and Logo
    Piramal Group – Business & Revenue Model
    Piramal Group – Revenue Growth
    Piramal Group – Funding and Investors
    Piramal Group – Mergers and Acquisitions
    Piramal Group – Investments
    Piramal Group – Advertisements and Social Media Campaigns
    Piramal Group – Awards and Achievements
    Piramal Group – Competitors
    Piramal Group – Future Plans

    Piramal Group – About and How does it work?

    Piramal Group is a multinational company with holdings in pharmaceuticals, healthcare information management, life sciences, financial services, and real estate. Started by Ajay Piramal in 1984, Piramal Group now has offices in almost 30 countries and a team of over 10,000 people working from various cultures and regions.

    The Piramal Group works by offering diversified commercial services under different categories such as Piramal Enterprises Ltd. (PEL), Piramal Pharma Ltd., Piramal Realty, and Piramal Foundation.

    Pfizer’s UK manufacturing site in Morpeth was purchased by the company in 2006. Piramal Group signed an agreement with Merck Pharmaceuticals in 2007 to collaborate on medication research and discovery. It secured a second medication research agreement with Eli Lilly and Company in 2008.

    Piramal Group – Founder and Team

    Piramal Group was founded by Ajay Piramal in 1984.

    Ajay Piramal

    Ajay Piramal is the Chairman of the Piramal Group. He was born on August 3, 1955, in Rajasthan, India to Gopikisan Piramal and Lalita Piramal. Ajay Piramal earned a bachelor’s degree in science from Jai Hind College and the Basantsingh Institute of Science at the University of Mumbai, and a master’s degree in management studies from the Jamnalal Bajaj Institute of Management Studies at the University of Mumbai. He also did a six-week Advanced Management Programme at Harvard Business School in 1992. He has been awarded an honorary doctorate by Amity University in India, as well as an honorary doctor of science by IIT Indore.

    Ajay Piramal has received many awards and honors. To name a few, he received the Honorary Commander of the Order of the British Empire (CBE) in 2022 for services to the UK-India trade relationship, Business Leader of the Year Award 2018, CNBC Asia’s India Business Leader of the Year Award 2018, Outstanding Philanthropist 2013 and 2014, Forbes Philanthropy Awards, Special Achievement Award, Asia Pacific Entrepreneurship Awards (APEA) 2018 and many more.

    Ajay Piramal plays many roles. He is the Non-Executive Director of Tata Sons Ltd. In addition, he is on the Board of Advisors at India’s International Movement to Unite Nations. He has remained an invitee to the World Economic Forum for the last 20 years.

    Ajay Piramal’s wife is Dr. Swati Shah Piramal, who is the Vice Chairperson of Piramal Group. They have two children. Nandini Piramal D’Young, their daughter is married to US citizen Peter D’Young. Anand Piramal, their son, is married to Isha Ambani Piramal, daughter of Mukesh Dhirubhai Ambani, and his wife Nita Dalal Ambani.
    Ajay Piramal’s net worth was projected to be $3.7 billion as of June 2022.

    Dr. Swati Shah Piramal

    Born on 28th March 1956, Swati Shah Piramal is an Indian Scientist and Industrialist, and the Vice Chairperson of the Piramal Group. In 2012, the President of India awarded her the Padma Shri, one of India’s highest civilian accolades, for her contributions to the scientific and technology industries.

    Dr. Swati Piramal was the first woman to serve as President of India’s Apex Chamber of Commerce. Along with this, she is also a member of the Harvard Board of Overseers and the Dean’s Advisor to Harvard Business School and the Harvard School of Public Health.

    She has founded Mumbai’s Gopikrishna Piramal Hospital and has led public health initiatives against chronic diseases such as osteoporosis, malaria, tuberculosis, epilepsy, and polio.

    Dr. Swati Piramal has a medical degree from Mumbai University. She holds her master’s degree from the Harvard School of Public Health. For her various outstanding contributions to healthcare and philanthropic movements, Dr. Swati has been the recipient of many accolades. BMA Management Woman Achiever of the Year Award (2005), Nominated for the Forbes Philanthropy Awards 2013 in the Outstanding Philanthropist category, Listed in the 25 Most Powerful Women, and is now a part of the Hall of Fame of Most Powerful Women among many others.

    Piramal Group – Mission and Vision

    The mission statement of Piramal Group is, “We aim to serve our customers, community, employees, partners, and all other stakeholders by putting their needs and well-being first”

    Piramal Group stays true to its following core values:

    • Knowledge
    • Action
    • Care
    • Impact

    Piramal Group is named after the surname of the Piramal family.

    The logo of Piramal Group was designed by taking inspiration from ancient times, which is the universal symbol of the Gyan Mudra. The symbol Gyan Mudra is often practiced in yoga, dance, and meditation. As seen, it displays a hand doing the mudra with each finger symbolizing one of the five elements – Air, Water, Earth, Fire, and Sky.

    The tagline of Piramal Group is, “Doing Well and Doing Good”

    Piramal Group – Business & Revenue Model

    Piramal Group is a conglomerate industry whose business is divided into three major segments – Real Estate, Pharma, and Financial Services. It provides diversified commercial services. The firm operates its business in 30 nations, as well as has a worldwide brand presence in over 100 markets.

    Piramal Group’s biggest business is its Piramal Enterprises Ltd. (PEL). PEL recognized an opportunity to develop its pharma business and invested in the local formulation sector while the Indian pharmaceutical industry was focused on overseas generics.

    Piramal Enterprises Ltd, Piramal Realty, and Piramal Foundation are the three main components or part of the Piramal Group business.

    Here’s taking a brief look into the business segments of Piramal Group:

    Piramal Enterprises Limited –

    Previously known as Piramal Healthcare Ltd., Piramal Enterprises Ltd. accounts for the largest company of the Piramal Group.

    It is further divided into two categories –

    Piramal Financial Services

    It is active in business verticals by offering financial services such as

    • Piramal Capital & Housing Finance Limited (PCHFL) – It is a home financing corporation registered with the National Housing Bank (NHB) and involved in a variety of financial services companies. It offers wholesale and retail finance alternatives across industries. It also has customized financing solutions for the hospitality sector.
    • Piramal Alternatives  (PA) –It offers customized finance options for high-quality corporations seeking to enhance their growth.
    • Piramal Credit Fund (PCF) – PCF is a sector-agnostic fund that has received a significant capital commitment from CDPQ (Caisse de dépôt et placement du Québec) to invest in mid to large-sized corporations across industries.
    • India Resurgence Fund (IndiaRF) –By taking a flexible strategy approach, IndiaRF is an equal joint venture between Piramal Enterprises Limited and Bain Capital Credit. It invests capital in the form of both loans and equity, in distressed to control circumstances in the Indian market. It has a dedicated website for IndiaRF – www.indiarf.com

    Piramal Pharma Ltd. (PPL)

    The Piramal Group’s Piramal Pharma provides a range of specific goods and services with the latest technological advanced manufacturing capabilities that are spread over 15 locations and a global distribution network in over 100 countries. It has services such as Pharma Solutions (the manufacturing unit), Critical Care (Complex Hospital Generics business), and Consumer Products Division (CPD) which sells over-the-counter medications. The company is also engaged in the ophthalmic category by teaming up with Allergan India. It is one of the leading specialty pharmaceutical companies in the ophthalmic category that offers high-quality medication and devices to treat diseases such as glaucoma, eye infections, and inflammations.

    Piramal Realty

    The Piramal Group ventured into the business of Real Estate in 2012 under the brand name Piramal Realty. It has architectural innovators KPF, HOK, Callison, Fosters, and Make among their collaborators, as well as worldwide structural consultants like BuroHappold, security and transportation specialists Max Security, and vertical transportation experts Lerch Bates.

    Piramal Realty’s mission reads, “To build India’s most admired real estate company, admired not just for its scale & profitability, but also for its impact on the lives of its customers & the progress of our country.”

    Piramal Realty’s top projects are – Piramal Mahalaxmi, Piramal Aranya, Piramal Agastya, Piramal Vaikunth, and Piramal Revanta.

    Piramal Foundation

    The company is vested in many philanthropic activities for which it established the Piramal Foundation in 2006. The foundation is actively engaged in the following projects:

    • Piramal Swasthya is a Karnataka-based health information helpline service named Arogya Vani.
    • Piramal Sarvajal, solar-powered water ATMs supply clean water in India.
    • Piramal School of Leadership provides education and women empowerment through the program – Piramal Fellowship and Principal Leadership Development Program (PLDP), Pratham delivers education to underprivileged children
    • Piramal Prize to recognize emerging organizations

    Piramal Group – Revenue Growth

    As of 2022, Piramal Group reported revenue of $1.8 billion (Rs 14,710 crores). The net income of the company stood at around $240 million (Rs 1,923.11 crores). The company generates about 40% of its revenue from outside the country.

    Piramal Group – Funding and Investors

    Piramal Enterprises has raised $737.1 million in three rounds of investment. Their most recent funding came from a Post-IPO Equity round on June 27, 2020. Their funding is supported by three investors. The most recent investors include The Carlyle Group and Standard Chartered Bank.

    On December 18, 2019, Piramal Group raised $225 million in a single venture vehicle called India Resurgence Fund. The details are:

    Date Funding Round Fund Amount Investors
    June 27, 2020 Post-IPO Equity $490 million The Carlyle Group
    July 21, 2019 Post-IPO Debt ₹15 billion Standard Chartered Bank
    July 15, 2019 Post-IPO Debt ₹2 billion Sachin Bansal
    December 18, 2019 $225 million Single Venture fund

    Piramal Group – Mergers and Acquisitions

    Piramal Enterprises has bought 5 businesses. On September 29, 2021, they acquired Dewan Housing Finance. They paid 3.8T for Dewan Housing Finance. Piramal acquired 11% of Vodafone Essar in 2011-12. The company sold its 11% stake in Vodafone India to Prime Metals, an indirect subsidiary of Vodafone Group, in 2014. The acquisition details are:

    Date of Acquisition Acquiree name Amount
    September 29, 2021 Dewan Housing Finance ₹3.8T
    March 31, 2021 Hemmo Pharmaceuticals ₹7.8B
    May 12, 2017 Walnut Medical Undisclosed
    January 31, 2017 Mallinckrodt – Specialty Products $170 million
    August 16, 2016 Ash Stevens $53 million
    1999 Ceylon Company Limited
    1984 Gujarat Glass Limited Undisclosed

    Piramal Group – Investments

    On August 11, 2014, Piramal Enterprises invested in VGN Property Developers. This investment, Venture Round – VGN Property Developers, was worth $3 billion.

    VGN Property Developers is a multibillion-dollar real estate firm based in Chennai.

    Piramal Group – Advertisements and Social Media Campaigns

    Piramal Capital and Housing Finance Ltd. (PCHF) launched a campaign in 2019 about their service called Bridge Loans. It is an ingenious tool that aids in the transition from selling an old house to purchasing a new one. Point of View Brandcom India is behind the concept of the advertisement. The ad shows how a person finds an apartment for his family but keeps the owner of the apartment waiting until he sells his old apartment.

    Here’s what Mayank Jain, Head of Sales & Marketing at Piramal Capital & Housing Finance said about the campaign, “We at PCHF are focused on introducing products that seek to simplify the lives of our customers. A common problem that we encounter regularly is the wait to sell your old apartment to buy a new one. Our newly launched product – Bridge Loans is the answer to this problem. Through the film, we aimed to highlight this challenge and bring focus to our innovative product, specially designed to support our customers’ needs. We are pleased that Point of View Brandcom India has converted our brief into an effective product film by using humor to communicate our product offerings.”

    Piramal Group – Awards and Achievements

    Below is the list of the latest awards and achievements won by the Piramal Group:

    • Piramal Pharma recognized with the “2019 Global Customer Service Leadership Award” by Frost & Sullivan
    • Piramal Foundation recognized as ‘Socially Aware Corporate of the Year by Business Standard CSR Awards 2019
    • Piramal Capital & Housing Finance recognized as ‘Outstanding Company in Infra Finance’ at the 8th EPC World Awards
    • Piramal Realty was awarded the prestigious ‘Intelligent Enterprise Award 2018’ by Technology Senate in Pune on June 7, 2018
    • Piramal Housing Finance was recognized as the ‘Emerging Home Loans Provider of the Year at the MCHI CREDAI Golden Pillar Awards 2018 in Mumbai on May 5, 2018
    • Piramal Realty was conferred with the prestigious Mercer NDTV Employer Excellence Awards for ‘Excellence in Work-Life Balance’, in New Delhi on May 2, 2018
    • Piramal Glass USA was recognized as the ‘Suppliers of the Year 2018’ at TricorBraun’s 2019 Annual Sales Meeting & Supplier Showcase in St. Louis on January 23, 2019
    • Piramal Housing Finance was recognized as the ‘Emerging Home Loans Provider of the Year at the MCHI CREDAI Golden Pillar Awards 2018 in Mumbai on May 5, 2018
    • Piramal Pharma Solutions was recognized in all six categories including Capabilities, Compatibility, Expertise, Quality, Reliability, and Service at the recent CMO Leadership Awards, New York on March 21, 2018

    Piramal Group – Competitors

    The top competitors of Piramal Group are:

    1. Sun Pharmaceutical Industries Ltd
    2. Dr. Reddy’s Laboratories
    3. Cipla Limited
    4. Aditya Birla Sun Life Insurance Company Limited
    5. Apollo hospitals
    6. Torrent Pharma
    7. Abbott India
    8. Max Healthcare
    9. Divi’s Laboratories
    10. Glenmark Pharma Limited
    11. Aurobindo Pharma Limited

    Piramal Group – Future Plans

    The Piramal Group is targeting to expand its financial services by adding 100 branches in FY23. The firm is all set to launch different and high-yielding products and aims to strengthen its partnerships with fintech and consumer tech firms. With their recent acquisition of debt-ridden DHFL, the company is planning to go for low-cost acquisitions.

    FAQs

    Who is the CEO of Piramal Group?

    Peter De Young is the CEO of Piramal Group.

    How much is Ajay Piramal worth?

    The net worth of Ajay Piramal is 940 Crores.

    Where is the head office of Piramal Group?

    The head office of Piramal Group is in Mumbai.

    How many companies are there under the Piramal Group?

    There are 3 companies under Piramal Group.

  • Top 10 Richest Real Estate Developers in India

    Real Estate is always considered as one of the best investments by Indians. There are several real estate companies in India. In a country like India where the population is increasing, the real estate industry is considered to grow much more in the near future.

    The increase in demand for the real estate will increase the wealth of the real Estate developers in the country. The covid-19 pandemic and the lockdown had dragged down the real estate industry.

    List of Richest Real Estate Developers in India

    1. Mangal Prabhat Lodha and family
    2. Rajiv Singh
    3. Chandru L Raheja and family
    4. Jitendra Virwani
    5. Niranjan Hiranandani
    6. Vikas Oberoi
    7. Raja Bagmane
    8. Subhash Runwal
    9. Ajay Piramal and Family
    10. Atul Ruia

    Richest real estate developers in India

    Mangal Prabhat Lodha and family

    Net Worth: INR 36,733 Crore
    Real Estate Business Name: Lodha Group

    Remarkable Projects of Lodha Group: The World Towers, Trump Tower Mumbai, Lodha Park

    Mangal Prabhat Lodha - Richest real estate developers in India
    Mangal Prabhat Lodha – Richest real estate developers in India

    Mangal Prabhat Lodha is the founder of Lodha group which is an Indian real estate company. It is headquartered in Mumbai, India.

    The company has developed residential and commercial properties in and around India which include Mumbai, Thane, Pune, Hyderabad, and London.

    Rajiv Singh

    Net Worth: INR 61,220 Crores
    Real Estate Business Name: DLF

    Remarkable Projects of DLF: Shivaji Park, Model Town, and Kailash Colony

    Richest real estate developers in India
    Rajiv Singh – Richest real estate developers in India

    Rajiv Singh is the chairman of the DLF company. Delhi Land & Finance (DLF limited) is a commercial real estate that was founded by Chaudhary Raghvendra Singh in 1946. The company is based in New Delhi, India.

    Chandru L Raheja and family

    Net Worth: INR 29,547 Crore
    Real Estate Business Name: K Raheja Corp.

    Remarkable Projects of K Raheja Corp.: Mindspace, Shopperstop, InOrbit, and Commerzone

    Chandru L Raheja - Richest real estate developers in India
    Chandru L Raheja – Richest real estate developers in India

    Chandru Raheja is the founder of the company K Raheja Corp. K Raheja Corp is a Real estate developer in India. It was founded in the year 1956 and has its headquarters in Bangalore, India. The company develops commercial and residential projects, hospitality, and malls across the country.

    Jitendra Virwani

    Net Worth: INR 15,172 Crore
    Real Estate Business Name: Embassy Office Parks

    Remarkable Projects of Embassy Office Parks: Manyata Embassy Business Park, Embassy Tech Zone

    Jitendra Virwani - Richest real estate developers in India
    Jitendra Virwani – Richest real estate developers in India

    Jitendra Virwani is the managing director and the chairman of the Embassy Office Parks. The company was founded in the year 1993 and is located in Bengaluru, India. In August 2020, Embassy agreed to merge its residential and commercial projects with listed Indiabulls Real Estate.

    The company develops commercial, residential, industrial warehouse spaces, retail, education, and hospitality. The company has developed projects in and around India which include Bengaluru, Chennai, Hyderabad, Pune, Coimbatore, Serbia, and Malaysia abroad.

    Niranjan Hiranandani

    Net Worth: INR 11,978 Crore
    Real Estate Business Name: Hiranandani Group

    Remarkable Projects of Hiranandani Group: Hiranandani Sands, Hiranandani Fortune City, Hiranandani Parks, Mount Alterra, Hiranandani Business Park, and Hiranandani Signature – GIFT City

    Niranjan Hiranandani - Richest real estate developers in India
    Niranjan Hiranandani – Richest real estate developers in India

    Niranjan Hiranandani is the co-founder and managing director of the Hiranandani group. The company was founded in the year 1978 in Mumbai, India. This group is one of the largest real estate groups in India. He is also ranked by Forbes among the 100 richest Indians.

    This company develops health, education, hospitality, and energy spaces. The company has developed projects across Bangalore, Mumbai, and Chennai.


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    Vikas Oberoi

    Net Worth: INR 23,956 Crore
    Real Estate Business Name: Oberoi Realty

    Remarkable Projects of Oberoi Realty: Oberoi Garde, Oberoi Seven, Oberoi Woods, Oberoi Exquisite, and Oberoi Esquire

    Vikas Oberoi - Richest real estate developers in India
    Vikas Oberoi – Richest real estate developers in India

    Vikas Oberoi is the chairman and managing director of Oberoi Realty. The company is based in Mumbai and was founded in the year 1980. The company develops offices, apartments, shopping malls, and hotel spaces.

    Raja Bagmane

    Net Worth: INR 16,730 Crore
    Real Estate Business Name: Bagmane Developers

    Remarkable Projects of Bagmane Developers: Bagmane Tech Park, Bagmane World Technology Centre, and Bagmane Solarium City

    Raja Bagmane - Richest real estate developers in India
    Raja Bagmane – Richest real estate developers in India

    Raja Bagmane is one of the directors of Bagmane Developers. The company was founded in the year 1996 and is located in Bengaluru, India.

    The company is involved in real-estate activities which include buying, selling, renting, and operating self-owned or leased real estate.

    Subhash Runwal

    Net Worth: INR 11,450 Crores
    Real Estate Business Name: Runwal Group

    Remarkable Projects of Runwal Group: R City Offices, R square, and R City Mall

    Subhash Runwal - Richest real estate developers in India
    Subhash Runwal – Richest real estate developers in India

    Subhash Runwal is the founder and chairman of the Runwal group which was founded in the year 1978. The company is known for building homes in the city and suburbs. The company even owns several malls.

    Ajay Piramal and Family

    Net Worth: INR 29,540 crore
    Real Estate Business Name: Piramal Group

    Remarkable Projects of Piramal Group: Piramal Mahalaxmi, Piramal Vaikunth, Piramal Reventa, Piramal Aranya, and Piramal Agastya

    Ajay Piramal - Richest real estate developers in India
    Ajay Piramal – Richest real estate developers in India

    Ajay Piramal is the founder and chairman of the Piramal group which was founded in 1984 located in Mumbai, India. He has also been awarded the Business Leader of the Year Award, 2018, International Advertising Association Leadership Awards.

    The company has a presence in various sectors such as healthcare, life sciences, drug discovery, financial services, real estate, and many more. The company had formed its own real estate company, Piramal Realty.


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    Atul Ruia

    Net Worth: INR 8,782 Crore
    Real Estate Business Name: The phoenix Mills Limited

    Remarkable Projects of The phoenix Mills limited: One Bangalore West, Rajajinagar, and Phoenix Fountainhead

     Atul Ruia - Richest real estate developers in India
    Atul Ruia – Richest real estate developers in India

    Atul Ruia is the owner of the Phoenix Mills Limited. The company was opened in the year 1996 and is located in Mumbai, India. Atul Ruia is also on the board of 19 other companies.

    The company owns the High street Phoenix which was formerly known as Phoenix mall. It is one of the largest shopping malls in India. In addition to the mall, the compound has a 5-star hotel, a multiplex, a residential tower, and a commercial space.

    Conclusion

    This is the list of the richest real estate developers in India. Real estate sector is one of the most acknowledged sectors in the world and is expected to grow more than double in the coming years. Indian Billionaires in the real estate businesses are adding up with huge net worth. Urbanisation and rising household income has made the industry grow unprecedently.

    FAQs

    Who is real estate king in India?

    Mangal Prabhat Lodha is known as real estate king in India.

    Who owns most land in India?

    Indian Govt is the biggest land holder in India.

    Who is the richest real estate developer?

    Donald Bren is the richest real estate developer with an estimated net worth of $15.5 billion.

    Who are the Richest real estate developers in India?

    Top 10 richest real estate developers in India are:

    • Mangal Prabhat Lodha and family
    • Rajiv Singh
    • Chandru L Raheja and family
    • Jitendra Virwani
    • Niranjan Hiranandani
    • Vikas Oberoi
    • Raja Bagmane
    • Subhash Runwal
    • Ajay Piramal and Family
    • Atul Ruia

    Who are the real estate billionaires in India?

    Real estate billionaires in India are:

    • Mangal Prabhat Lodha and family
    • Rajiv Singh
    • Chandru L Raheja and family
    • Jitendra Virwani
    • Niranjan Hiranandani
    • Vikas Oberoi
    • Subhash Runwal
    • Ajay Piramal and Family
    • Atul Ruia
    • Kushal Pal Singh
    • Mofatraj Munot