Piramal Enterprises Ltd. (PEL) is the flagship company of Piramal Group and has a leading position in the business verticals it is present in i.e. Healthcare and Financial Services.
In the late 1980s, we moved from textile to pharmaceuticals. While others were keen over international generics, we invested in the domestic formulation development business. Our efforts soon bore returns as we have had a track record of approx. 23% revenue CAGR since then. In 2010, it completed sale of its domestic formulations business an unprecedented value of ~9x sales and ~30x EBITDA. In May 2013, Piramal Enterprises Ltd. acquired 10% equity stake in Shriram Transport Finance. Later in April 2014, we acquired 20% equity stake in Shriram Capital Limited, a financial services company and in June 2014, 9.9% stake in Shriram City Union Finance Limited, the retail focused Non-banking Financial Company (NBFC) of the Shriram Group.
Driven by our values and propelled by strong governance, we have built an expansive team and a wide network through partnerships with esteemed companies.