Piramal Group is a globally diversified business conglomerate with presence across various sectors such as pharma, financial services, information management, real estate and glass packaging. The Group has operations in over 30 countries and a strong presence in more than 100 markets around the world. Under the leadership of Ajay Piramal, the Group has consistently grown at a CAGR of 23% and today is ranked amongst the leading business conglomerates in India. The team of over 10,000 people and over 21 nationalities is spread across the globe. The balance sheet today is in an excess of US$ 9.5 billion.
In 2010, the flagship company of Piramal Group – Piramal Enterprises, completed sale of its domestic formulations business. Post the sale of this business, the company diversified largely into financial services, healthcare information management and pharmaceuticals. The financial services business – Piramal Capital & Housing Finance provides both wholesale and retail funding opportunities within real estate and non-real estate sectors (under its Corporate Finance Group).
The platform offers funding options across the entire capital stack ranging from early stage private equity, structured debt, senior secured debt, construction finance as well as Flexi Lease Rental Discounting (within real estate). Piramal Capital & Housing Finance also has a third party fiduciary business advising institutional and retail investors alike through customised fund strategies such as the Mumbai Redevelopment Fund focused on slum rehabilitation and the Apartment Fund focused on bulk buying individual units as well as larger separate account mandates with leading global pension funds such as Canada Pension Plan Investment Board [CPPIB], APG and Ivanhoe Cambridge. This business has now further extended its offering to the retail sector by its entry in the housing finance space.