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Piramal Enterprises To Carve Out Pharma Business

Piramal Enterprises to carve out its pharma business.

Monal Sanghvi

Billionaire Ajay Piramal, chairman of Piramal Group, poses for photograph during an interview in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Piramal Enterprises Ltd. will segregate its pharmaceutical and financial services businesses to unlock the potential value of each vertical and streamline the group structure.

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Financial Services

  • PHL Fininvest is a non-banking financial company engaged primarily in the business of lending and investment.

  • The merged housing finance company, post the Dewan Housing Finance Corp. acquisition, will continue to remain a wholly owned subsidiary of Piramal Enterprises.

  • Total consolidated revenue of Piramal Enterprises stood at Rs 12,809 crore in FY21, of which Rs 7,033 crore came from financial services.

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WRITTEN BY
Monal Sanghvi
Monal Sanghvi is a Senior Correspondent at NDTV Profit. She is a Chartered ... more
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