Fortune India 500 2025 edition
Rank#246- Total income
- ₹10,748 Cr
- Profit
- ₹485 Cr
Last year #239
Piramal Enterprises Limited - financial services in Mumbai, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2025
₹10,612 Cr
▲ 4% YoY
Net profit · FY 2025
₹485.45 Cr
Net margin 4.6%
EBITDA · FY 2025
₹6,140.46 Cr
EBITDA margin 57.9%
Authorised capital
₹5,155 Cr
Registered with MCA
Paid-up capital
₹45.34 Cr
Issued & subscribed
Open charges
₹22,204 Cr
Satisfied ₹36,479 Cr
Company age
79 yrs
Est. 1947
Employees · EPFO
241
Provident fund records
About Piramal Enterprises Limited
Data last updated:
Piramal Enterprises Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 April 1947.
Piramal Enterprises was ranked #246 on the Fortune India 500 (2025).
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L24110MH1947PLC005719. Its GSTIN is 27AAACN4538P1ZZ (Maharashtra). The company held 35 GST registrations, of which 8 are active. It is recorded as listed by MCA, but its shares were delisted from BSE on 16 Jan 2026 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹5,155 Cr and a paid-up capital of ₹45.34 Cr. It was formerly known as Nicholas Piramal (India) Limited and Piramal Healthcare Limited. It was led by directors including Swati Ajay Piramal (Whole-Time Director) and Ajay Gopikisan Piramal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at Piramal Ananta Agastya Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹10,612 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹485.45 Cr (net margin 4.6%) and EBITDA of ₹6,140.46 Cr (EBITDA margin 57.9%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 5% over five years.
The company had about 241 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 19 subsidiaries.
The company was associated with 1 brand: Piramal Group. As per MCA filings, the company had open charges of ₹22,204 Cr and satisfied charges of ₹36,479 Cr on record. Court records list 489 cases involving the company, including 270 filed by the company and 224 filed against it; 72 cases are pending.
The last known website on record is piramal.com.
Company details
CIN L24110MH1947PLC005719
Registration Number 005719
Incorporation Date 26 April 1947
ROC Mumbai
Listing Status Listed - Delisted from BSE on 16 Jan 2026 · merger
Company Status Amalgamated
Date of Last AGM 30 June 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Piramal Enterprises has undergone 4 name changes throughout its history. The current legal name is Piramal Enterprises Limited.
| Company Name | Status |
|---|---|
| Piramal Enterprises Limited | Current |
| Nicholas Piramal (India) Limited | Previous |
| Piramal Healthcare Limited | Previous |
| Indian Schering Pvt Ltd | Previous |
| Indian Schering Ltd | Previous |
CIN history
Piramal Enterprises has one previous CIN (Corporate Identification Number): U24110MH1947PLC005719. The current CIN is L24110MH1947PLC005719, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24110MH1947PLC005719 | Current |
| U24110MH1947PLC005719 | Previous |
Key People
Swati Ajay Piramal Whole-Time Director Ajay Gopikisan Piramal Whole-Time Director Upma Goel Cfo Recognitions & Rankings of Piramal Enterprises
Contact details
Piramal Enterprises Limited's registered office is in Mumbai, Maharashtra. Its website is piramal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPiramal Ananta Agastya Corporate Park Opp. Fire Brigade Kamani Junction Lbs Marg Kurl, A (West), Mumbai, Maharashtra, India – 400070
- IndustryFinancial Services, NBFC
To see the full contact details of Piramal Enterprises Limited, buy the company report.
Comprehensive company report
Piramal Enterprises Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Piramal Enterprises operates one associated brand: Piramal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | piramal.com |
Business activity
The main business activities of Piramal Enterprises are manufacturing and financial and insurance service. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Piramal Enterprises Limited, buy the company report.
Financials of Piramal Enterprises Limited
FY 2025 filings availablePiramal Enterprises Limited reported revenue of ₹10,612 Cr (up 4% YoY) for FY 2025.
Revenue · FY 2025
₹10,612 Cr ▲ 4%
Net profit · FY 2025
₹485.45 Cr margin 4.6%
EBITDA · FY 2025
₹6,140.46 Cr margin 57.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▼ 10%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 224%
3 years · compounded
▼ 4%
5 years · compounded
▼ 2%
Revenue rose 4% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 224% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹6,140.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹485.45 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 57.9% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Piramal Enterprises Limited, buy the company report.
Board of directors and KMP of Piramal Enterprises Limited
Piramal Enterprises Limited currently reports 14 directors and 2 key managerial personnel. 20 former directors have served the organization.
Directors and KMP (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Ajay Piramal | Director | 12 May 2017 | 9 Years 5 Months | As last reported |
| Puneet Yadu Dalmia | Director | 07 Oct 2021 | 5 Years 0 Months | As last reported |
| Anjali Bansal | Director | 19 Nov 2020 | 5 Years 11 Months | As last reported |
| Rajiv Mehrishi Also directs: Piramal Finance Limited, The Tata Power Company Limited, Dabur India Limited and 4 more | Director | 26 May 2022 | 4 Years 4 Months | As last reported |
| Gautam Bhailal Doshi Also directs: Bhavna Doshi Associates LLP, Sun Pharmaceutical Industries Limited, Piramal Finance Limited and 5 more | Director | 31 Oct 2022 | 3 Years 11 Months | As last reported |
| Kunal Bahl Also directs: Piramal Finance Limited, Titan Winners Fund Management LLP, TC Sponsor & Services LLP and 2 more | Director | 14 Oct 2020 | 6 Years 0 Months | As last reported |
Showing 6 of 16 current directors and KMP. View all directors and KMP
Auditor
Piramal Enterprises Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2022 | 117366W/W-100018 |
Shareholding
The shareholding of Piramal Enterprises Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Piramal Enterprises Limited, buy the company report.
Charges & borrowings
Open charges
₹22,204 Cr
Satisfied charges
₹36,479 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2024 | 100984406 | Others | ₹600 Cr | Satisfied | |
| 26 Feb 2024 | 100876238 | Others | ₹750 Cr | Satisfied | |
| 03 Jan 2024 | 100872661 | Idbi Trusteeship Services Limited | ₹150 Cr | Satisfied | |
| 27 Oct 2023 | 100834334 | Others | ₹800 Cr | Satisfied | |
| 26 Oct 2023 | 100815499 | Others | ₹375 Cr | Satisfied |
To see the full charge records of Piramal Enterprises Limited, buy the company report.
Total charge records: 96 View all charges
Legal cases
Piramal Enterprises Limited has 489 court cases on record: 270 filed by Piramal Enterprises, 224 filed against it. 72 cases are pending and 417 are disposed.
Total cases
489
Filed by the company
270
Filed against the company
224
Pending
72
Disposed
417
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 276 | 131 | 32 |
| District courts | 186 | 80 | 39 |
| Supreme Court | 20 | 13 | 1 |
| NCLT | 7 | 0 | 0 |
Cases on record (5 of 489)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by Deputy Commissioner of Income Tax Circle and 4 others | Disposed |
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by Income Tax Officer and 3 others | Disposed |
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by Deputy Commissioner of Income Tax Circle and 4 others | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed against the company by Savai Printers Pvt Ltd Through Abdulhusain A Savai | Pending |
| District court, Panchkula, Haryana | Civil suit | Filed against the company by M/S Gurutech Infra Earth Pvt. Ltd. | Pending |
To see the full case history of Piramal Enterprises Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Piramal Enterprises Limited was last rated by Icra on 29 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Apr 2022 |
To see the full credit ratings and regulatory alerts of Piramal Enterprises Limited, buy the company report.
MSME payment delays
Piramal Enterprises Limited has 74 MSME Form 1 returns on record between 2003 and 2024, listing 1,728 overdue payments to 336 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 336)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Suntech Engi-Automation Private Limited | |||
| Quantmagnum Technologies Private Limited | |||
| Ernst & Young Associates LLP | |||
| VVPG Solution LLP |
To see the full MSME payment records of Piramal Enterprises Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Piramal Enterprises has 19 subsidiary companies and 7 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
19
Subsidiary companies
7
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Piramal Capital & Housing Finance Limited | L65910MH1984PLC032639 | |
| Hemmo Pharmaceuticals Private Limited | U17100MH1979PTC021857 | |
| Convergence Chemicals Private Limited | U24100MH2014PTC373507 | |
| Piramal Pharma Limited | U24297MH2020PLC338592 | |
| Pel Finhold Private Limited | U65190MH2014PTC257414 | |
| Piramal Investment Advisory Services Private Limited | U65191MH2013PTC244440 |
To see the full group structure of Piramal Enterprises Limited, buy the company report.
Employees & EPFO
Piramal Enterprises Limited has a workforce of 241 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
Employee count
241
Active EPFO establishments
1
Employee growth
-10.74%
GST
Piramal Enterprises has 35 GST registrations: 8 active and 27 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
35
Active
8
Cancelled / inactive
27
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN4538P1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 27AAACN4538P2ZY | Maharashtra | Active | 07 Jul 2017 |
| 23AAACN4538P1Z7 | Madhya Pradesh | Active | 01 Jul 2017 |
| 08AAACN4538P2ZY | Rajasthan | Active | 23 Sep 2022 |
To see the full GST registrations and return filing status of Piramal Enterprises Limited, buy the company report.
Recent activity
Piramal Enterprises Limited has 55 board changes on record since 1978: 36 appointments and 19 cessations. The latest: Pralhad Narasingrao Kulkarni was appointed as Deputy Nodal Officer on 16 Oct 2024.
Charges
A charge registered on 01 Oct 2024 via Charge ID 100984406 with Others was fully satisfied on 12 Nov 2025.
Charges
A charge registered on 26 Oct 2023 via Charge ID 100815499 with Others was fully satisfied on 20 Oct 2025.
AGM
Piramal Enterprises Limited last Annual general meeting of members was held on 30 Jun 2025 as per latest MCA records.
Filing
Piramal Enterprises Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 12 Dec 2020 via Charge ID 100401807 with Others was fully satisfied on 06 Feb 2025.
Charges
A charge registered on 27 Oct 2023 via Charge ID 100834334 with Others was fully satisfied on 04 Dec 2024.
Charges
A charge registered on 03 Jan 2024 via Charge ID 100872661 with Idbi Trusteeship Services Limited was fully satisfied on 14 Nov 2024.
Appointed
Pralhad Narasingrao Kulkarni was appointed as Deputy Nodal Officer.
Charges
A charge with Others amounted to Rs. 600.00 Cr with Charge ID 100984406 was registered on 01 Oct 2024.
Charges
A charge registered on 26 Feb 2024 via Charge ID 100876238 with Others was fully satisfied on 25 Jun 2024.
Appointed
Asheet Lalit Mehta was appointed as Director.
Charges
A charge registered on 22 Jun 2021 via Charge ID 100454016 with Idbi Trusteeship Services Limited was fully satisfied on 18 Apr 2024.
287 earlier events are in the company report.
News
Frequently asked questions
Piramal Enterprises has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Piramal Enterprises was a public limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 26 April 1947 and is registered under CIN L24110MH1947PLC005719. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Piramal Enterprises was incorporated on 26 April 1947. It is registered with the Registrar of Companies, Mumbai.
Piramal Enterprises had 16 directors and KMP:
- Swati Ajay Piramal - Whole-Time Director
- Ajay Gopikisan Piramal - Whole-Time Director
- Anand Ajay Piramal - Director
- Puneet Yadu Dalmia - Director
- Anjali Bansal - Director
- Rajiv Mehrishi - Director
- Gautam Bhailal Doshi - Director
- Kunal Bahl - Director
- Nandini Ajay Piramal - Director
- Vijay Kantilal Shah - Director
- Shikha Sanjaya Sharma - Director
- Anita Marangoly George - Director
- Suhail Amin Nathani - Director
- Asheet Lalit Mehta - Director
- Bipin Singh - Company Secretary
- Upma Goel - Cfo
The CIN (Corporate Identification Number) of Piramal Enterprises is L24110MH1947PLC005719. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Piramal Enterprises is recorded as a listed company by MCA, but its shares were delisted from BSE on 16 Jan 2026 · merger, and no longer trade on a stock exchange.
The registered office of Piramal Enterprises is at Piramal Ananta Agastya Corporate Park Opp. Fire Brigade Kamani Junction Lbs Marg Kurl, A West, Mumbai, Maharashtra, India – 400070.
Piramal Enterprises can be reached through the website piramal.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Piramal Enterprises on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Piramal Enterprises is 27AAACN4538P1ZZ, registered in Maharashtra. The company has 35 GST registrations in all, of which 8 are active and 27 are cancelled or inactive. Other active GSTINs include 27AAACN4538P2ZY (Maharashtra), 23AAACN4538P1Z7 (Madhya Pradesh), 08AAACN4538P2ZY (Rajasthan).
Piramal Enterprises operated in the financial services industry, in the nbfc segment.