The journey of the group began with the birth of Mumbai as the commercial hub of the textile industry. The erstwhile Morarjee Goculdas Spinning & Weaving Co. Ltd. was the first industrial enterprise by the Piramals when it was acquired in 1934. Morarjee was amongst the first five companies to be listed on the Indian stock exchanges.
Over the years, the Group spread its wings to other businesses. The late 70's and early 80's saw the Group's foray into auto components and cutting tools sector. The Piramals acquired Miranda Tools in 1978 followed by PMP Auto Components Private Limited in 1982.
The next big growth phase for the group coincided with the resurgence of Mumbai as an international city. Identifying real estate as the group's next growth driver, the Group made its foray into the real estate sector with Peninsula Land Ltd in 1996. The company was amongst the first real estate companies to be listed on the Bombay Stock Exchange.
In 2007, the Group's passion for sports saw the birth of Pune Football Club Limited (PFC), which fuels the aspirations of budding football players in India.
The Group's thirst for investing into sunrise sector saw the birth of Piramal Renewable Energy Limited in 2012 through the acquisition of a hydro power project near Kullu in Himachal Pradesh.
At the Ashok Piramal Group, the ball has started rolling. The best is yet to come!