Piramal Enterprises has promoted Manjul Tilak as its Chief Human Resources Officer (CHRO), according to ETHRWorld report. Tilak had joined Piramal in April as Head HR – Financial Services. Previously, he was associated with Kotak Mahindra Bank as Senior Executive Vice President (HR) and Head HR – Consumer Bank. He has also worked at Kotak…
Piramal Enterprises Limited (PEL) announced the appointment of Yesh Nadkarni as CEO of Wholesale lending, in Piramal Capital & Housing Finance Limited (PCHFL), a wholly owned subsidiary of PEL, with a primary focus on real estate lending business. In his role, Yesh will be responsible for further expanding PCHFL’s wholesale lending business, building a high…
Piramal Enterprises Limited announced the appointment of Puneet Yadu Dalmia as an Additional Director of the company, effective August 7, 2021. In their exchange filing, the company said, “Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that Board of Directors of the…
Piramal Enterprises Limited announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL). Speaking on the development, Ajay Piramal, Chairman, Piramal Group said, “We are very pleased to announce the consideration payment made towards the completion of this exciting acquisition. This accelerates our plans to become a leading digitally oriented,…
Piramal Enterprises Limited (PEL), a publicly listed company in India, announced that Khushru Jijina, Managing Director, Piramal Capital, will join the Board of Piramal Enterprises Limited as Executive Director, Financial Services. Since joining Piramal Group in 2001, Khushru has been instrumental in setting up the Group’s Financial Services business. Piramal’s journey in Financial Services started…
Piramal Capital and Housing Finance (PCHFL), a subsidiary of Piramal Enterprises (PEL), announced the appointment of Saurabh Mittal as Chief Technology Officer of the Retail Finance business. As CTO of Retail Finance business, Mittal will lead technology strategy towards building a world-class Tech and Artificial Intelligence (AI)-led lending business, creating a cloud-native cutting-edge tech-stack, according…
Piramal Enterprises announced the appointment of Kalpesh Kikani as Chief Executive Officer of AUM Alternatives Business managed through Piramal’s subsidiaries and joint ventures. Kikani comes with over 25 years of expertise in investing and financial services including a decade as founding managing director at AION Capital, a JV between Apollo Global Management and ICICI Group,…
Piramal Enterprises announced the appointment of Anjali Bansal, Founder and Chairperson, Avaana Group as Independent Director to its Board, effective from November 19, 2020. Along with the recent two appointments of Independent Directors – Kunal Bahl, CEO & Co-Founder, Snapdeal, and Suhail Nathani, Managing Partner, Economic Law Practice, Anjali Bansal’s appointment to the PEL Board…
Piramal Enterprises Limited announced the appointment of Kunal Bahl, CEO, Snapdeal and Suhail Nathani, Managing Partner, Economic Law Practice, as Independent Directors to its Board with effect from October 14, 2020. Kunal Bahl, is the CEO & Co-Founder of Snapdeal.com, India’s leading, value-focused e-commerce marketplace that has raised capital from leading global investors such as…
Piramal Pharma Limited (PPL), a subsidiary of Piramal Enterprises Limited (PEL), announced that it has received INR 3523.40 Crores on closure of the transaction for 20% equity investment from CA Alchemy Investments (formerly known as CA Clover Intermediate II Investments), an affiliated entity of CAP V Mauritius Limited, an investment fund managed and advised by…
U.S.-based Carlyle Group Inc recently announced that it has agreed to buy a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about $490mn. Both the companies have jointly announced the transaction in a statement. Piramal Pharma in a statement said that it will use the capital injection to accelerate its…
Piramal Enterprises Limited’s (PEL) Pharma Solutions business, a leading Contract Development and Manufacturing Organization (CDMO), announced that the Company has entered into an agreement with G&W Laboratories Inc. to acquire its solid oral dosage drug product manufacturing facility located in Sellersville, Pennsylvania. According to the terms of the agreement, PEL, through one of its Affiliates,…
Clarivate Analytics plc, a global leader in providing trusted insights and analytics to accelerate the pace of innovation, announced it has completed its acquisition of Decision Resources Group. Previously, Clarivate announced its intent to acquire DRG from Piramal Enterprises Limited, part of global business conglomerate Piramal Group. As per Piramal Enterprises’ exchange filings, the company…
Piramal Enterprises Ltd to sell its healthcare analytics unit Decision Resources Group to US-based Clarivate Analytics Plc for $950 million. The company will get $900 million at the time of closing the deal and the remaining $50 million after one year, it said in a statement. The deal is likely to be completed on or…
Piramal Enterprises Limited announced the appointment of Jairam Sridharan as Chief Executive Officer (CEO) of its Consumer Finance Business. Prior to joining, he was President, Retail Lending and Payments at Axis Bank, where he led the transformation of Axis into a retail bank growing the book six times in five years. During this period, Axis…