PIRAMAL GROUP

OVERVIEW

The Piramal Group is a diversified conglomerate with operations in over 30

countries and brand-presence across 100 markets around the world. Since the late
1980s, the Piramal Group evolved from a textile-centric business to a diversified
pharmaceutical-based global organization. The Piramal Group operates across
sectors such as healthcare, life sciences, drug discovery, healthcare information
management, specialty glass packaging and real estate.

As a Group they have consistently identified opportunities ahead of the

curve, even when market situations suggest the opposite. They invested in the
domestic formulations business when others were focused on growing
international generics. Their persistence paid off when a deal with Abbott in 2010
valued our business at USD 3.72 billion, an unprecedented 9x sales and 30x
EBITDA.

Type Public company

Industry Diversified Conglomerate

Founded 1984; 32 years ago

Headquarters Mumbai, Maharashtra, India

Key people Anand Piramal

Website http://www.piramal.com

AJAI PIRAMAL (CEO)

COMPANY HISTORY

In the early 1980s, Ajay Piramal took over the reins of the Piramal Group. In
1984, the group acquired Gujarat Glass Limited, a manufacturer of glass packaging for
pharmaceutical and cosmetic products, followed by Ceylon Glass in 1999. In 1988, the
group bought Nicholas Laboratories, the company which later flourished and by 2010
reached the highest valuation in the pharmaceutical industry. Over the decade, the
company acquired many business units to strengthen their presence. In 2006, the
company bought Pfizer’s UK manufacturing facility, Morpeth. The company also formed
Piramal foundation, a philanthropic arm of the group.

In the year 1999 Piramal Glass acquired Ceylon Company Ltd, Sri Lanka. The
year 2006 saw Piramal Healthcare being listed as a global leader by S&P Global
Challengers. Piramal also acquired Pfizer's Morpeth UK facility.

SUBSIDERIES

1. Piramal Enterprises
Piramal Enterprises Ltd, (PEL) formerly known as Piramal Healthcare Ltd, is the
largest company of Piramal Group, and is active in business verticals
including Healthcare, Life sciences, Information management, and financial. Piramal
Enterprises is listed at both Bombay Stock Exchange and National. Fortune 500 ranked
Piramal Healthcare in the top-50 largest corporations across India. The UN Conference
on Trade and Development’s World Investment Report 2011 ranked the group among the
top 5 pharmaceutical contract manufacturers in the world.

2. Piramal Glass
Piramal Glass is a manufacturer of glass packaging solutions for the
pharmaceuticals, foods & beverages (F&B) and cosmetics & perfumery (C&P)
industries, services, listed at both Bombay Stock Exchange and National Stock Exchange.
Piramal Glass has manufacturing plants in USA, Sri Lanka and India.

3. Piramal Realty
Piramal Realty is a fully owned real estate venture of Piramal Group. The
company is planning to develop about 30 million square feet through land acquisitions
from its own sources. The group developed India’s first mall, Cross Roads, at South
Mumbai.

4. Piramal Foundation
The Piramal Foundation is a private philanthropic foundation established in 2006.
Piramal Foundation has undertaken projects like Piramal Swasthya (a health information
help line service called Arogya Vani in the state of Karnataka), Sarvajal (provides clean
water in India through solar powered water ATMs), source for change (rural BPO for
rural youth in Bagar, Rajasthan), Pratham (delivers education to under privileged
children), Piramal foundation for education leadership (Piramal Fellowship and Principal
Leadership Development program (PLDP) are the two programs undertaken) and Piramal
Prize established.