Ajay Piramals office has inscription from the Bhagavad -Gita , read his success story despite many difficulties.
The secret behind Ajay Piramal's success :- He was 29 when his father died suddenly in New York. His brother Ashok took over, but five years later, he too died of cancer, leaving behind his young widow, Urvi, with three children aged less than 10 years.
Just before that, his other brother Dilip had decided to separate his business. Meanwhile, a year-long textile strike led by Datta Samant dealt a crippling blow to the textile industry and Morarjee Mills, the group's main business venture then, was deep in the red. "Life looked bleak when I became chairman of the group at the age of 29. But I survived as the Lord must have carried me when I needed Him the most," Piramal says.
Going by his track record, there is hardly any doubt about that. From owning what was then an almost defunct textile company, Piramal today is the chairman of a Rs 4,000-crore (Rs 40 billion) group, comprising Nicholas Piramal, the fourth-largest pharmaceutical company in India, Morarajee Weaving and Spinning and Gujarat Glass. Piramal is also the chairman of the group's retail operations, which are now looked after by his nephew.
Each of his three nephews (Urvi Piramal's sons) is now in independent charge of separate businesses. He felt deeply hurt by what he calls sensational reports in sections of the media about differences between him and his sister-in-law Urvi and his nephews over control of businesses.
"As their uncle, I did my duty by holding their hands in the formative stages of their life. Now they are independent. But we are all part a big family. The story 'Footprints…' applies to me as much as it does to my nephews and my own children -- Nandini and Anand," Piramal says.
I am at his 10th floor office at Nicholas Piramal Towers in Mumbai's Peninsula Corporate Park. The influence of the Lord is omnipresent: the walls have inscriptions from the Bhagavad Gita. Pride of place has also been given to Zen-style sculptures of the 18 verses in pure black granite rock -- billions of years old -- from near the ancient city of Hampi. Bhagavad Gita is one of the greatest management books as it prescribes optimism and freedom from stress, he says, while ushering me to the lunchroom, which would easily give any five-star hotel in the country a run for its money. The food is strictly vegetarian, Piramal informs me in a slightly apologetic tone.
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