“Piramal Healthcare is a 22 year old pharma company, which is one of the earliest players of the Indian Pharma Sector. Through strategic acquisitions in the early years, Piramal Healthcare has built up an enviable position in the Indian Pharma Sector. Their formulations business was purchased by Abbott at 10 times Sales (USD 3.72 billion) whereas their diagnostics business was purchased by SRL at 3 times Sales (Rs 600 crore). The management of Piramal Healthcare has proven its competence over the past couple of decades by making the company into one of the top 3 Pharma businesses in India,” says Parag Parikh Financial Advisory Services research report."
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