Chairman
Mr. Ajay Piramal is one of India’s leading industrialists and philanthropists, and Chairman of the Piramal Group. Piramal Group is a global business conglomerate with diverse interests in pharmaceuticals, financial services and real estate, with offices in 30 countries and its products sold in more than 100 markets. The Group has a strong track record of robust sustained partnerships with several marquee global investors and partners.
Mr. Piramal is regarded as a torchbearer for responsible entrepreneurship, with a strong focus on ‘Doing Well and Doing Good’, a philosophy that has created long-term value for the Group’s stakeholders and the community as a whole.
A firm believer in the tenets of the Bhagvad Gita, Mr. Piramal is a passionate advocate of trusteeship and responsible business ethos. He is deeply invested in unblocking India’s socio-economic potential through the Piramal Foundation, and is an ardent promoter of social entrepreneurship. Mr. Piramal actively steers the Group’s involvement in various social impact initiatives through the Piramal Foundation, to develop innovative long term and scalable solutions to resolve issues that are critical roadblocks towards unlocking India’s economic potential. The Foundation currently works across 25 states and has impacted over 112 million lives, mostly in partnership with state governments, through Piramal Swasthya, Piramal Sarvajal and Piramal School of Leadership. Piramal Foundation has partnered with NITI Aayog, India’s foremost think-tank, in 25 Aspirational Districts across 7 states in India, to improve human development indicators across Healthcare & Nutrition and Education, amongst marginalised sections of society.
Mr. Piramal holds key positions on the Boards of several companies and prestigious institutions. He serves on the Harvard Business School’s Board of Dean’s Advisors, is co-Chair of the UK-India CEO Forum and Non-Executive Director of Tata Sons Ltd. Passionate about contributing to education in India, Mr. Piramal also serves as President and Chairman of Anant National University and Chairman of the Pratham Education Foundation.
He has been conferred with several national and international recognitions including: Honorary Commander of the Order of the British Empire (CBE) by Her Majesty The Queen (2022); ‘Deal Maker Hall Of Fame’ Award at the Mint India Investment Summit (2022); Outstanding Performance at the 9th Asia Pacific Entrepreneurship Awards (2018); International Advertising Association’s (IAA) Business Leader of the Year Award (2018); Asia Pacific Entrepreneurship Awards (APEA) – ‘Special Achievement Award’ Category'(2018); CNBC India Business Leader of the Year (2018) and CNBC Asia Business Leader Award (2017) for his visionary leadership; Hurun India Philanthropy List (2017); SEN Sustainability Award – Philanthropy and Best of Best – instituted by World Presidents’ Organisation (2015); Corporate Citizen of the Year award by AIMA Managing India Awards (2016); ‘Outstanding Philanthropist’ (2014 and 2013) by Forbes Philanthropy Awards; ‘Business Leader of the Year’ by the Indo-American Chamber of Commerce; and ‘Entrepreneur of the Year’ (2006) by the UK Trade and Investment Council.
Mr. Piramal holds an Honours degree in Science from Mumbai University and a Master’s degree in Management Studies from the Jamnalal Bajaj Institute of Management Studies. He has completed an Advanced Management Programme from the Harvard Business School, and has been conferred with an Honorary Doctorate in Philosophy (D. Phil) by Amity University, India, and an Honorary Doctor of Science (Honoris Causa) Degree by IIT-Indore.
Vice Chairperson
Dr. Swati Piramal is the Vice-Chairperson of Piramal Group, a global business conglomerate with diverse interests in pharmaceuticals, financial services and real estate. Piramal Group has offices in 30 countries, brand presence in over 100 markets across the world, and over 10,000 employees from 21 diverse nationalities. With a turnover of US$ 2 Billion in FY2020, the Group steadfastly pursues inclusive growth, while adhering to ethical and value driven practices.
Based on the philosophy of ‘Doing Well and Doing Good’, the Piramal Group continues to create long-term value for its stakeholders and the community at large.
Dr. Piramal is amongst India’s leading scientists and industrialists whose contributions to innovations, new medicines and public health services have touched many lives. In 2012, Dr. Piramal was awarded with the Padma Shri, one of the highest civilian honours of India, by the President of India.
Over the past 3 decades, Dr. Piramal’s efforts towards providing cost-effective and science-based healthcare globally, have significantly contributed in shaping the Indian pharmaceutical industry and to emerge as one of the largest producers of drugs in the world. She founded the Gopikrishna Piramal Memorial Hospital in Mumbai and was instrumental in launching several pan-India public health campaigns against chronic diseases, osteoporosis, malaria, diabetes, tuberculosis, epilepsy and child immunization. Dr. Piramal has authored several books on nutrition and health, including one for patients with renal disease and related disorders, and has written public policy papers on topics such as patent protection, intellectual property and data protection. Her strong influence on important public policies and governance on healthcare and related issues, is widely recognized and has led to major policy changes that have helped reduce the burden of disease.
As the Director of Piramal Foundation, the philanthropic arm of Piramal Group, Dr. Piramal is deeply involved in developing innovative long-term and scalable solutions to resolve issues that are critical roadblocks towards unlocking India’s economic potential. She spearheads the efforts of the Foundation towards effective public policy and governance that enables successful private-public-partnerships (PPP models) to effectively solve problems and help meet India’s SGD Goals. Dr. Piramal has played a significant role in establishing avenues that promote primary healthcare in rural India, developing frameworks for women empowerment and enabling systemic transformation of India’s public education system by realizing the potential of young leaders of tomorrow, and promoting sustainable models for facilitating access to safe drinking water. Under the leadership of Dr. Piramal, the initiatives of Piramal Foundation work cohesively with the central and state governments, as well as through collaborations with NITI Aayog, The Rockefeller Foundation and The Bill and Melinda Gates Foundation, amongst several others.
Through various capacities, Dr. Piramal has championed the cause of women leadership, and develops frameworks and policies to support women in leadership roles. She has served as the First Woman President of India’s Apex Chamber of Commerce (ASSOCHAM), in 90 years. Dr. Piramal, through her knowledge and experience, serves as a role model for several aspiring women, empowering them to bring in change at the highest levels of government and society.
Dr. Piramal is a Director on the Board of Nestle India, Allergan India and EssilorLuxottica; and is a Board Member of Dean’s Advisors to the Harvard Business School and the Harvard School of Public Health. She has been a Former Non-Executive Director on the Board of ICICI Bank, a Former Director on the Boards of SBI Capital Markets and Prudential ICICI Asset Management Company, and a Former Board Member on the Board of Life Insurance Corporation of India. Dr. Piramal has also served on various advisory council boards of industry, trade, science and research, art and technology, as well as on the boards of Indian and international academic institutions that include IIT Bombay, Xavier’s College Mumbai, University of Pennsylvania, IITB-Monash, Harvard School of Public Health and the Harvard Business School. In addition, she has served on the Prime Minister of India’s Trade Advisory Council and Scientific Advisory Council.
Dr. Piramal is a recipient of several prestigious awards and recognitions including ‘Business Leader of the Year’ Award by Hello Hall of Fame Awards (2019); First Ladies Awards by the President of India (2018); ‘Woman of the Year’ Award for outstanding contributions to society in the Medical field by IMC Ladies’ Wing (2016); LinkedIn Power Profile list for most viewed CEOs on LinkedIn, India (2015); Kelvinator Stree Shakti Women Achievers Award by Colors (2014); Padma Shri, amongst the Highest Civilian Honours presented by the President of India (2012); Elected as the member of the Harvard Board of Overseers (2012); Alumni Merit Award – the Highest Award bestowed upon a Harvard Alumni by Harvard T.H. Chan School of Public Health (2012); nominated to the Hall of Fame – Most Powerful Women in Business by Fortune India (2011); Awarded by President of India for contributions to better Corporate Governance (2011); Global Empowerment Award – UK by Her Royal Highness, the Duchess of Kent (2011); Nominated 8 times in succession as one of the 25 Most Powerful Women in India by Business Today (2011-2003); Distinguished Industrialist Award for outstanding contributions to the Pharmaceutical Industry by Vellore Institute of Technology (2010); Rajiv Gandhi Award for Outstanding Woman Achiever by Rajiv Gandhi Foundation (2007); Awarded by Prime Minister of India for contributions in the field of Science and Technology (2006); ‘Chevalier de l’Ordre National du Merite’ (Knight of the Order of Merit) one of France’s Highest Honours for Medicine and Trade (2006); Chemtech Pharma Award for Biotech Industries (2006); Lucknow National Leadership Award by Lakshmipat Singhania-IIM, Lucknow (2006); Management Women Achiever of the Year Award by Bombay Management Association (2004-5).
Dr. Swati Piramal holds a Master’s Degree in Public Health from the Harvard Business School, in addition to a Medical Degree (M.B.B.S) and a Bachelor’s Degree in Medicine and Surgery from University of Mumbai, India.
Executive Director - Piramal Group
Anand Piramal heads the financial services businesses of the Piramal Group, which is one of India’s largest and most diversified NBFCs. With robust expertise in affordable home lending, SME lending, construction finance, and mid-market corporate lending, Piramal’s financial services division stands out in the industry. Additionally, Anand oversees Piramal’s Alternatives business, which has partnerships with prominent entities such as CDPQ, Bain Capital, CPPIB, IFC, and Apollo.
In addition to his role in financial services, Anand leads Piramal Realty, the real estate arm of the group. Piramal Realty is esteemed as one of Mumbai’s premier developers, renowned for its prime residential and commercial developments across Mahalaxmi, Byculla, Thane, Mulund, Kurla, Lower Parel, and Worli. Supported by investments from Warburg Pincus and Goldman Sachs, Piramal Realty has solidified its position in the market. Anand’s contributions have been acknowledged through accolades such as the Hurun Real Estate Unicorn of the Year Award (2017) by Hurun India and the Young Business Leader Award by Hello! Magazine (2018).
Anand also founded a rural healthcare start-up called ‘Piramal eSwasthya’, Today ‘Piramal Swasthya’ is India’s largest private primary healthcare initiative. Its 2,260 plus employees and over 140 doctors serve around 25,000 patients daily across 28 states with the help of health hotlines, mobile medical units and telemedicine centres. Piramal Swasthya has impacted over 129.5 million lives since inception.
Anand holds a Master’s Degree in Business Administration from Harvard Business School and a Bachelor’s Degree in Economics from the University of Pennsylvania. He was also the youngest President of the Youth Wing of the 100-year-old Indian Merchant Chambers.
CEO – Retail Business
Jairam Sridharan is the MD of Piramal Capital & Housing Finance Limited (PCHFL). He has over two decades of rich domain experience and specializes in setting up and scaling new businesses.
Before joining Piramal, Jairam was the Chief Financial Officer (CFO) of Axis Bank. He has handled a variety of roles at the Bank and was previously President, Retail Lending & Payments. In this role, he was responsible for driving growth in the retail lending and payments businesses comprising retail lending products (home, car, personal & other loans), cards business (credit, debit & prepaid) and the agriculture & rural lending business. In his 5 years in this role, Axis Bank saw industry leading, 6X growth and emerged as one of the top 5 retail lending institutions in the country.
Prior to Axis, Jairam served Capital One Financial, a consumer bank based in Richmond, VA (USA) as Head – ‘New to Credit’ Card Acquisitions in the US Cards Business. At the start of his career with ICICI Bank, he played a key role in their initial foray into the retail lending businesses, serving as Head – Business Intelligence Unit.
Jairam holds a Bachelor of Technology degree in Chemical Engineering from IIT Delhi and Post Graduate Diploma in Management from IIM Kolkata where he was awarded a Roll of Honour for academic excellence.
In 2019, Institutional Investor magazine named Jairam “Best CFO” in their All-Asia Executive team for Banks, based on Sell-Side analyst votes. In 2015, Mr. Sridharan was chosen by The Economic Times as a part of their “40 Under 40” list of India’s hottest business leaders. Jairam is an avid reader and likes to spend his free time travelling with his family and looking for a track to run.
CEO – Wholesale Business
Yesh Nadkarni is the CEO of Wholesale Lending at Piramal Capital & Housing Finance Limited (PCHFL). He has over 22 years of real estate investing experience across debt, equity and special situations spanning India, Australia, and Southeast Asia.
As CEO of Wholesale Lending, Yesh is responsible for further expanding PCHFL’s wholesale lending business, building a high-quality granular book across different real estate segments, establishing, and strengthening key client relationships and using data analytics/AI to enable superior underwriting.
Before joining Piramal, Yesh was the Managing Director & CEO of the India Real Estate lending business at global investment firm KKR, where he built a leading India real estate credit franchise.
Prior to KKR, he has held senior leadership roles at J.P. Morgan where he led Asia-ex China franchise of the balance sheet investing group, and ICICI Prudential, where he set up and led real estate investing business.
Yesh has a Masters in Finance from the London Business School and is a Bachelor in Engineering, from University of Pune, India.
Group President
Rupen Jhaveri is the Group President at Piramal Enterprises Limited (PEL). In his role, Rupen is responsible for business development, strategy, M&A, capital allocation and corporate finance with a primary focus on financial services.
Rupen has close to two decades of experience across private equity and investment banking. Prior to joining PEL, he was the Managing Director of KKR India, a global investment firm. As part of the founding team in India, Rupen has led investments in Jio Platforms, Reliance Retail, Alliance Tires, Magma Fincorp (Poonawalla Finance), Dalmia Cement, Max Financial Services, Emerald Media, SBI Life Insurance, Bharti Infratel, HDFC Ltd and RE Sustainability.
Prior to KKR, Rupen has worked with Goldman Sachs & Co. in its Principal Investment Area (PIA), Warburg Pincus and Merrill Lynch.
Rupen is a member of the Confederation of Indian Industry (CII) – Corporate Governance Council and the Global Investor Council of Indian Private Equity & Venture Capital Association (IVCA). He holds a B.S., magna cum laude, from Leonard N. Stern School of Business of New York University. He has also been the recipient of The Economic Times and Fortune 40 under 40 Business Leader awards.
An avid cricketer and tennis player, Rupen pursuits also include social work in rural India.
MD, Piramal Alternatives
Kalpesh Kikani is the Managing Director of Piramal Alternatives. In his current role, Kalpesh drives profitable growth across all Piramal Group’s alternative asset funds across multiple asset classes.
Kalpesh has over twenty-five years of expertise in investing and financial services including a decade as the founding Managing Director at AION Capital, a joint venture between Apollo Global Management and ICICI Group to invest in buyouts, distressed and hybrid capital solutions.
At AION, Kalpesh led both fund raising and deployment of over $1.25 billions of capital and served on the boards of several its portfolio companies.
Prior to AION Capital, Kalpesh spent over 15 years at ICICI Bank. Kalpesh played a significant role in building the bank’s commercial banking business to over $10 billion in assets and the structured finance business to over $ 5 billion in assets. Kalpesh setup and built the bank’s corporate and investment banking business in London to $ 4 billion in assets. Earlier, Kalpesh was part of the retail banking team at the time of the merger of ICICI Limited and ICICI Bank Limited. Kalpesh started his career at ICICI Limited in project finance where he led multibillion dollar corporate and infrastructure financing.
Kalpesh holds a Bachelor of Engineering Degree in Computer Science and an MBA in Finance from Bombay University and is a member of the CFA Institute, USA.
Chief Financial Officer
Upma Goel is the CFO of Piramal Enterprises Ltd. and is responsible for the finance function of PEL and all its subsidiaries. She played a key role in the integration of Dewan Housing Finance Corporation Limited (DHFL) into Piramal Capital & Housing Finance Ltd.
She is a Chartered Accountant with three decades of post qualification experience in the financial services industry. Her core competencies lie in business strategy, financial control, capital restructuring, M&A, tax, risk management and regulatory compliances. Upma joined Piramal as CFO – Retail Finance Business of Piramal Capital & Housing Finance Ltd. and was subsequently elevated to CFO of PEL.
Prior to Piramal, she was the CFO& Key Management Personnel at Ujjivan Small Finance Bank Limited and played a critical role in upscaling the finance function, successful transition of the NBFC MFI into the Bank. She successfully led the primary market fund raise from domestic/overseas market. She also spearheaded the finance and account function, Procurement, Liabilities management, business strategy and planning, regulatory compliances and investors relations. Prior to Ujjivan, Upma was the Group Deputy CFO at L&T Finance Holdings Limited.
Upma holds a Master’s Degree focused in Chartered Accountant from The Institute of Chartered Accountants of India.
In September 2022, she was felicitated by The Financial Express at the FE CFO Connect Conclave for her exemplary contribution to the industry and to the Piramal Group.
Group Strategic Business
Mr. Harinder Sikka is the Group Director – Strategic Business at Piramal Enterprises and has been with the Group for over 2 decades. He has been conferred the ‘Long Service Award’ by the Piramal Group.
Mr. Sikka is a former Lieutenant Commander from the Indian Navy. He is the second Indian to be awarded the “Outstanding Service in the field of Anti-Counterfeiting in India” by the Global Anti-Counterfeiting Group, Paris and the “Indira Super Achiever Award”, 2005 which recognises professional talent.
He is a prolific writer and has written over 100 articles in leading Indian newspapers on issues relating to national security, health, IPR & TRIPS and counterfeiting. He has also written a book titled ‘Calling Sehmat’.
Mr. Sikka works with the Group in various capacities mainly liaising closely with the government, regulatory bodies and other authority institutes. On behalf of Piramal Enterprises, he has been hosting two prestigious golfing events, the Piramal Admiral’s Cup and the Piramal Ambassadors’ Cup, for the past thirteen years.
Group General Counsel
Anand Vardhan, Group General Counsel at the Piramal Group, is responsible for overseeing the legal function across the Piramal Group. He has more than 23 years of experience heading the legal function and extensive hands-on experience in all areas of legal documentation, litigations & legal policies/procedures/strategies/training in financial services, private equity/NBFC/HFC/investment management to funds, general banking & infrastructure, mortgage finance, real estate, recoveries & consumer protection, insolvency & bankruptcy proceedings, stressed accounts management and dispute resolution.
Anand joined Piramal Group in 2013 and has helped set up and organised the legal function across the financial services vertical, presently heading a team of 25+ multi-disciplinary lawyers. At Piramal, he plays a critical role in identifying, mitigating and managing legal risk across the group companies including as a member of the deal clearance committee, executive credit committee and fraud & risk management committee. He also plays an important role in executing corporate transactions, acquisitions, mergers, sale and transitions in the Company. He has worked on diverse deals through his tenure with the Group.
Anand is a graduate from Hans Raj College, Delhi University and holds a degree in Law from the Campus Law Centre, Faculty of Law, Delhi University. He is also a member of the Institute of Company Secretaries of India.
Group CIO
Viral Gandhi is President and Group Chief Information Officer, Piramal Group. As a Digital and Change leader, he is responsible for driving tech innovation and reinvention across the Group entities. He enables the businesses to gain competitive advantage by leveraging technology and digital-led platforms to boost engagement with all stakeholders, across touch points.
Mr. Gandhi is a Technology & Digital Strategist with deep expertise in building and implementing innovative technology solutions and establish strong technology culture to transform organisations and propel business growth.
Prior to joining Piramal Group, Mr. Gandhi served as Chief Information Officer at the Cox & Kings Group and was instrumental in driving business transformation through consumer tech solutions across the group companies, globally. Previously, during his tenure at Tata Consultancy Services (TCS), he partnered with several Fortune 100 clients such as General Electric, NASDAQ, World Bank, HP and Procter & Gamble, in their technology transformation journeys.
With over two and half decades of rich experience, Mr. Gandhi has been conferred with several prestigious awards for his contributions in the field of technology and innovation.
Mr. Gandhi has completed an Executive Leadership Program from Harvard Business School, USA and a Strategy and Innovation Program from Massachusetts Institute of Technology, USA. He holds a Bachelor’s Degree in Engineering from VJTI, Mumbai, India.
Chief Human Resources Officer
Manjul Tilak is the Chief Human Resources Officer (CHRO) for Piramal Enterprises Limited and Piramal Realty.
Manjul comes with more than 27 years of HR experience across diverse sectors like Manufacturing, Media, and Financial Services. He has previously worked with reputed Indian conglomerates like Triveni Engineering, The India Today Group, and the Kotak Mahindra Group. Prior to joining Piramal, he worked for close to 17 years with the Kotak Group in their life insurance, wholesale, and consumer banking businesses.
In addition to core HR practices, Manjul has expertise in creating and managing scale, including managing a large-scale merger and acquisition. He has led change initiatives across different sectors in financial services, in both retail and institutional environments. His experience spans across areas of Talent Acquisition, Leadership Development, Succession Planning, managing High Potentials, Employee Engagement, Learning and Organizational Development, and managing Diversity.
Manjul has a degree in engineering from the National Institute of Technology, Jalandhar, and holds a Master’s degree in Personnel Management and Industrial Relations from University Business School, Panjab University, Chandigarh.
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