Piramal Enterprises is a company that is part of the erstwhile Piramal Group of Companies. It was founded by Ajay Piramal. Initially incorporated as a textile company, it diversified into other areas and business segments. Now, the company is the overall conglomerate that deals with healthcare, real estate, pharmaceuticals and financial services in India. Boasting a domestic pan-India presence and a global foothold, Piramal Enterprises is constantly on the road to expansion and innovation.
Piramal Enterprises, a diversified conglomerate based in Mumbai, India, was founded in 1984 by Ajay Piramal. The company initially began as a textile business. Over time, the company branched out into several sectors, including financial services, pharmaceuticals, real estate, and information management.
Piramal Enterprises’ presence in India is well-established and it has a global presence through its various subsidiaries. All its businesses are active throughout the length and breadth of India. The company has seen success in its financial management, pharmaceutical and real estate segments and is always looking for new ways to expand its operations.
Given all this, as on 25th April 2023, the company has given returns (ROI) of -41.44% over a 1-year period and +58.06 over a 3-year period.
Piramal Enterprises has a net sales of Rs. 13993. 3 crores in the year ending March 2022, and a net profit of Rs. 1345.89 crores in the year ending March 2022.
Piramal Enterprises has consistently paid dividends to its shareholders from 2014 to 2022. These are annual dividends and some are final dividends, while some are interim dividends.