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Ajay Piramal

Chairman, Piramal Group

Search every verified Ajay Piramal interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ajay Piramal, Chairman of the Piramal Group and Piramal Foundation, has recently discussed the foundation's work in eastern India, stating that its initiatives have reached 143 million people. In interviews, he described a strategy focused on states such as Jharkhand, Assam, Chhattisgarh, Orissa, and Bihar, where he noted per capita income differences compared to the rest of India. He also mentioned the creation of a collaborative called "Sangam" to bring together expertise and capital to address socio-economic challenges, and discussed the use of an AI-based app to help individuals access government benefits. Piramal has also spoken on India's economic trajectory, expressing optimism about the country's potential to become the third-largest economy by 2030, citing its young population and entrepreneurial spirit. He has emphasized the need for both harder and smarter work, increased risk capital, and a focus on education and skilling. In other appearances, he reflected on his career, including the 2010 sale of the pharmaceutical formulations business, which he described as a decision made in the interests of stakeholders, and discussed his philosophy of trusteeship and succession, noting that his children are taking on leadership roles. He has also commented on the pharmaceutical industry, advocating for greater investment in innovation and a regulatory environment conducive to new drug discovery in India.

Recent appearances

Verified interview transcripts

Notable quotes

“I think certain welfare is really required because therefore people have got for generations they've had poverty. So, for instance, the whole effort to build to give subsidies for housing, I think this is absolutely required welfare. Or whether it is the insurance for health, these are things that are required. But where I have issue is with, as you said, revdies. Unfortunately, you know, if you give somebody a TV se”

“The aspirations that we have for Bharat are very high. We want to be the third largest economy in the world by 2030. And therefore, it's not a question of working harder or smarter. I think it's a question of working both harder and smarter. I think we have the potential to do that. We have the youngest population which is there in any country in the world. 65% of our people, as we know, are below the age of 35, and ”

“So one is that if we realize what is happening in the eastern states particularly Purvod if you see I mean you look at India is actually there are two different Indas if you look at the east you know when I talk about states like Bihar, Jaran, Chhattisgar, Assa, Murissa you know the per capita income the difference between say a Bihar and the Average India is 2.2 times per capita. And if I look at Bihar, visav a Maha”

“So I think perhaps one of the biggest if you again since you have obviously quoting from the Gita you will talk about humility being so important. Humble person is a the right person as far as is described in the Gita and it's so important I have found it in my own life that sometimes when you're not humble then you you know you are not listening to other people and I'll give you a personal example in 2010 we had sol”

“The per capita income in the east of many parts of India like Bihar is less than the rest of the country, which is 2.2 times higher per capita, and many times five times difference. As we grow and become the third largest economy, the gap between the haves and the have nots is only going to increase. This is not sustainable; as a country, we cannot survive.”

“The government today in India spends approximately 500 billion dollars every year in terms of social, whether it is education, whether it's health, whether it's water so on. The total contribution of philanthropy in India I think is less than 5 billion. But how do you make this 500 billion of the government more efficient is the challenge.”

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