Ajay Piramal
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Age59
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Earnings$ 2.06 Billion
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Source of earningsDiversified
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Marital StatusMarried
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Children2
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ResidenceMumbai
#44 India Rich List 2014
#41 India Rich List Rank 2013
The pharma magnate is one of the country's shrewdest dealmakers with a string of timely investments. He cashed out an 11 percent stake in Vodafone India in April, reaping a $500 million profit in less than three years. His new bets are on financial services and infrastructure. His cash-rich Piramal Enterprises bought a 20 percent stake in Chennai financial services firm Shriram Capital for $334 million and a 10 percent stake in Shriram City Union for $130 million. In July, it tied up with Dutch pension fund APG Asset to invest $1 billion in infrastructure projects. He recently downsized the research unit of Piramal Enterprises that wife Swati used to head and de-listed Piramal Glass.
Fast Fact: Every year, his Piramal Foundation offers fellowships to 100 college students to work in rural schools for two years.
