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Ajay Piramal Quotes
Ajay Piramal Quotes
Ajay Piramal
Indian
Businessman
Born:
Aug 3
,
1955
About
Always
Business
People
Will
You
Related authors:
Dinesh Paliwal
Kallam Anji Reddy
N. R. Narayana Murthy
Naveen Jain
Punit Renjen
Rajeev Suri
Ratan Tata
Saroo Brierley
Our organisation and culture is based on professionalism and values. I think my children reflect both.
Ajay Piramal
Culture
Values
Reflect
Think
Our
Both
Children
Organisation
Professionalism
Based
In any merger, when you have large organisations coming together, there will be challenges in terms of culture.
Ajay Piramal
You
Together
Challenges
Culture
Will
Merger
Terms
Coming
Any
Organisations
Large
Investment in Shriram will actually enable us to enter some of the retail segments such as vehicle financing, consumer and gold loans, and other products such as insurance, mutual funds, among others, where we wanted to have a footprint.
Ajay Piramal
Mutual Funds
Will
Other
Others
Enter
Financing
Mutual
Some
Segments
Retail
Consumer
Investment
Vehicle
Footprint
Enable
Insurance
Gold
Where
Wanted
Us
Products
Among
Actually
Funds
Loans
Within the renewables space, we are focused on solar and wind energy.
Ajay Piramal
Space
Solar
Wind
Energy
Focused
Renewables
Within
You cannot have the financial system crippled because of lack of decision making and lack of quality people.
Ajay Piramal
You
Quality
People
Financial
Decision
Crippled
System
Financial System
Because
Making
Lack
Cannot
Decision-Making
Our risk systems and processes - we keep investing and improving them.
Ajay Piramal
Our
Systems
Risk
Investing
Improving
Processes
Them
Keep
I think public sector banks need to have greater private participation of people who have skin in the game.
Ajay Piramal
Game
People
Skin
Think
Sector
Participation
Greater
Private
Banks
Public
Who
Public Sector
Need
I may believe in something, but if it is not working and is not giving returns, we have to close it down because that is the right thing to do for the shareholders.
Ajay Piramal
Giving
Down
Believe
Right Thing
Something
Shareholders
Returns
Because
Close
May
The Right Thing
Working
Right
Thing
We have been successful in buying and selling companies because we have a reputation of fulfilling deal terms in letter and spirit.
Ajay Piramal
Reputation
Spirit
Terms
Because
Deal
Been
Selling
Successful
Fulfilling
Companies
Letter
Buying
People say values are expensive, but I say they create economic value.
Ajay Piramal
People
Value
Values
Say
People Say
Economic
Expensive
Create
The role of a trustee is to ensure beneficiaries get the best returns, without the trustee benefitting.
Ajay Piramal
Best
Beneficiaries
Ensure
Returns
Without
Role
Get
It was always the intention that Shriram would have started a bank at some point.
Ajay Piramal
Would
Some
Point
Always
Bank
Intention
Started
In a crisis, you separate the men from the boys.
Ajay Piramal
You
Men
Crisis
Boy
Separate
I am not for buying into financial services firms because I am not sure of the quality.
Ajay Piramal
Quality
Financial
Financial Services
Sure
Because
Am
Services
Buying
We have a unique culture.
Ajay Piramal
Culture
Unique
Everywhere in the world, when you travel, you see structures that stand out. Historic structures and new structures. But in India, I don't see anything that stands out.
Ajay Piramal
You
Travel
World
Everywhere
Out
India
See
Structures
New
Historic
Anything
Stand
Stands
Fortunately, in Piramal Enterprises, we are in three broad sectors. One is in the whole financial services sector, the second is in pharmaceuticals, and the third is in healthcare analytics and data.
Ajay Piramal
Financial
Three
Broad
Sector
Sectors
Financial Services
Enterprises
Data
Healthcare
Fortunately
Whole
Services
Second
Third
Demonetisation was always on the government's radar and was part of the plan from day one when Narendra Modi took over as prime minister, as he was concerned about the black money.
Ajay Piramal
Government
Day
Money
Black
Took
Minister
About
He
Part
Day One
Prime
Prime Minister
Over
Concerned
Always
Plan
Radar
Buying a house is not an overnight decision, and people can wait for 3 to 6 months.
Ajay Piramal
People
Wait
Decision
Months
House
Overnight
Buying
When we look at our business, we are not that concerned about short term valuations.
Ajay Piramal
Business
Our
About
Term
Look
Concerned
Short
Short-Term
We take dispassionate view of our investments. Does it mean that we are looking out to monetise the investment? That is not correct. But if we get an offer that we cannot refuse, as I say, then it is not that we are not, that we will still hold on to the investment.
Ajay Piramal
Will
Looking
Our
Say
Correct
We Cannot
Out
Take
Investment
Investments
Does
Still
Offer
Get
Refuse
Hold
Cannot
Mean
Then
View
Dispassionate
Normally, Indian companies follow the trend set by companies abroad. There is usually a long lag period.
Ajay Piramal
Trend
Long
Indian
Follow
Abroad
Period
Normally
Lag
Companies
Set
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.
Ajay Piramal
Life
Me
Age
Group
Carried
Must
Bleak
Most
Looked
Him
Became
Lord
Survived
Chairman
Needed
Many people say that in a liberalised world there is little for the government to do, but the fact is that there is much for the government to do in fewer areas. One such area is to provide infrastructure.
Ajay Piramal
Government
People
World
Say
People Say
Area
Fact
Provide
Fewer
Little
Infrastructure
Much
Many
The Internet can bring us much closer to the developed world.
Ajay Piramal
World
Internet
Developed
Developed World
Closer
Us
Much
Bring
Indians are very intelligent - of that, there is no doubt - but we are not necessarily hard working.
Ajay Piramal
Doubt
No Doubt
Indians
Very
Intelligent
Working
Hard
Hard-Working
Necessarily
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