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Past Issue • Apr-Jun 2012

Eight Simple Truths on How “Values Bring Value”

On a recent visit to the Indian School of Business (ISB), Ajay Piramal, billionaire businessman and founder of the Piramal Group revealed the secrets of his success.

During an hour-long session at the ISB, Ajay Piramal described the Piramal group’s evolution from a family-run textile company to its entry into the pharmaceutical space and its growth into a global multinational. He shared the fundamental guiding principles of his success.

1. Integrity: Are our thoughts and actions aligned with each other? Integrity is important not only to individuals, but also to corporations. He spoke about how his company has been able to command greater value due to its integrity. Acquisitions they made came at cheaper costs and divisions they sold commanded higher prices.

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