- Companies
- Piramal Group
Piramal Group Revenue, Valuation, Funding & Investors
Piramal Group is valued at $2.8B as of October 2020, a 3.8x revenue multiple. Piramal Group revenue was $729M and Piramal Group EBITDA was $193M, as disclosed with its latest round.
Last Piramal Group valuation
$2.8B
Undisclosed stage · Oct 2020
Last Piramal Group funding round
Undisclosed stage
Amount undisclosed · Oct 2020
Piramal Group revenue
$729M
Undisclosed stage · Oct 2020
Key investors in Piramal Group
About Piramal Group
Piramal Group is a Mumbai-based diversified conglomerate operating in pharmaceuticals via Piramal Pharma, financial services through Piramal Enterprises with ₹2 lakh crore AUM, glass packaging under Piramal Glass, and real estate development. Its healthcare information management arm ranks among the top 20 US providers serving Pfizer and Merck. The group employs 10,000 people globally with manufacturing sites in India, the US, and Europe.
Founded
1992
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$729M (Oct 2020)
Valuation
$2.8B (Oct 2020)
Piramal Group Valuation
Piramal Group is currently valued at $2.8B, based on its undisclosed-stage round in October 2020. Read the announcement ↗
The round included Carlyle Group.
Piramal Group valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2020 | Undisclosed stage | $2.8B | 3.8x |
Piramal Group Revenue
Piramal Group's latest recorded revenue is $729M, as of its undisclosed-stage round in October 2020. At a $2.8B valuation, that implies a 3.8x revenue multiple.
Piramal Group revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2020 | $729M | $2.8B | 3.8x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Piramal Group Funding History
Piramal Group has raised 1 funding round.
| Date | Stage | Investors | Valuation | Deal Summary |
|---|---|---|---|---|
| Oct 2020 | Undisclosed stage | Carlyle Group | $2.8B | The Carlyle Group agreed on 27 June 2020 to take a 20 percent stake in Piramal Pharma, the pharmaceutical subsidiary of Piramal Enterprises, and the investment closed on 6 October 2020. Piramal Pharma received INR 3,523.40 crore from CA Alchemy Investments, an entity affiliated with Carlyle Asia Partners V. The transaction valued the pharma business at an enterprise value of 2,775 million dollars, with an upside component of up to 360 million dollars depending on fiscal 2021 performance, and was described as one of the largest private equity deals in the Indian pharmaceutical sector. The money was earmarked as growth capital to expand capacity across Piramal's sites, to pursue acquisitions in and outside India, and to reduce debt in the near term. Nandini Piramal said the company looked forward to leveraging Carlyle's expertise, and Carlyle's Neeraj Bharadwaj said it would help develop strategic opportunities. Piramal Pharma operates 14 global facilities and sells in over 100 countries. |
Who has invested in Piramal Group?
1 investor has backed Piramal Group across its funding rounds, including Carlyle Group.
Piramal Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Piramal Group
Piramal Group has acquired 5 companies to date.
Last acquisition by Piramal Group was on September 29th 2021. Piramal Group acquired Dewan Housing Finance for $4M.
Latest Acquisitions by Piramal Group
| Description | Dewan Housing Finance is an Indian housing finance company established on April 11, 1984, as the second such entity in the country. It extends home loans to lower and middle-income groups in semi-urban and rural regions across India. DHFL pioneered financial inclusion models in the sector through accessible financing options amid high interest rates exceeding 18 percent during its early operations. | Hemmo Pharmaceuticals is a Mumbai-based manufacturer of synthetic peptides supplying pharmaceutical, research, and veterinary sectors in India and globally for over 35 years. The company produces bulk oxytocin, holding the position as India's largest exporter to international markets. Hemmo's facility adheres to WHO-GMP standards for peptide synthesis used in oxytocin nasal sprays and labor induction therapies. The firm also develops custom peptides for drug discovery and diagnostics. | Walnut Medical aggregates detailed profiles on European hospitals spanning 25 countries. The database supports healthcare stakeholders with institutional data via walnutmedical.info. | Mallinckrodt's specialty products unit produces generic pharmaceuticals and active pharmaceutical ingredients for pain management and respiratory conditions. Operating from facilities in St. Louis, Missouri, and Ireland, the division manufactures opioids, anesthetics, and inhalants distributed to pharmacies and hospitals across the United States. The unit emerged from a 2013 separation from Covidien, emphasizing high-potency APIs and controlled substances compliance. | |
| HQ Country | |||||
| HQ City | Mumbai | Mumbai | Cambridge | London | |
| Deal Date | 29 Sep 2021 | 31 Mar 2021 | 12 May 2017 | 31 Jan 2017 | |
| Valuation | $4M | $106M | undisclosed | $203M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Piramal Group acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Piramal Group
Piramal Group has invested in 3 companies to date.
Latest investment by Piramal Group was on October 15th 2026. Piramal Group invested in Kumar Equipment in their $16M Undisclosed stage round.
Latest Investments by Piramal Group
| Description | Kumar Equipment is an Indian manufacturer and importer of commercial kitchen, refrigeration and bakery equipment. Kumar Equipment (India) Pvt. Ltd. was established in 1996 and is based in New Delhi, with a factory in Bhiwadi. The company offers turnkey projects covering consultancy, design and layout plans with technical details for commercial kitchens, canteens, bakeries and messes, as well as individual product supply. Its work also includes exhaust and fresh air systems and LPG pipeline installation. The product range includes hot equipment such as tilting bratt pans and automatic cooking mixers. Revenue comes from equipment sales and project services. | India-based Harmony Organics produces aroma chemicals and essential oils for fragrance and flavor industries worldwide. Its product line includes menthol derivatives, terpenes, and synthetic musks manufactured in facilities in Gujarat. The company supplies major perfumers and food manufacturers, holding ISO 9001 and Kosher certifications for quality control. | VGN Property Developers is a Chennai-headquartered real estate firm developing residential, commercial, and plotted projects across South India. Founded in 1997, it has 20 million sq.ft. under development including luxury towers in OMR and affordable homes in Tambaram. VGN delivers 5,000 units annually, holding ISO 9001 certification for quality construction. |
| HQ Country | |||
| HQ City | New Delhi | Pune | Chennai |
| Deal Date | 15 Oct 2026 | 7 Aug 2023 | 11 Aug 2014 |
| Round | Undisclosed stage | Undisclosed stage | Undisclosed stage |
| Raised | $16M | $27M | $49M |
| Investors | - | - | Clearwater Capital Partners LLC |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Piramal Group investments and their VC round multiples. Start Free Trial | |||
Piramal Group Competitors
Piramal Group competitors include listed companies like Kangmei Pharmaceutical Co., Hypera, InSilico Medicine Cayman and Bavarian Nordic, and private ones like Shiji Biotechnology and Sail Biomedicines.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $790M | $54M | $2.8B | - | ||
| Publicly listed | $1.4B | $408M | $2.8B | 2.3x | ||
| Publicly listed | $56M | ($353M) | $2.7B | - | ||
| Publicly listed | $934M | $373M | $2.8B | 2.7x | ||
| Private | - | - | $2.7B | - | ||
| Private | - | - | $2.6B | - |
Piramal Group Public Comps
Piramal Group is still privately-owned, but its public comps include Kangmei Pharmaceutical Co., Hypera, Central Depository Services, Republic Bank, InSilico Medicine Cayman, Bavarian Nordic, BioArctic, Nurix Therapeutics, AtaiBeckley and Joincare Pharmaceutical.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $790M | $54M | 3.2x | - | 45.7x | - | |||
| $1.4B | $408M | 2.7x | 2.3x | 9.3x | 7.3x | |||
| $121M | $66M | 22.3x | 20.6x | 40.8x | - | |||
| $1.1B | - | 2.4x | - | - | - | |||
| $56M | ($353M) | 37.2x | - | (5.9x) | - | |||
| $934M | $373M | 2.6x | 2.7x | 6.5x | 8.3x | |||
| $204M | $126M | 13.1x | 17.9x | 21.2x | 41.9x | |||
| $84M | ($267M) | 23.2x | 3.1x | (7.3x) | 14.3x | |||
This data is available for Pro users. Sign up to see all Piramal Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Piramal Group
| When was Piramal Group founded? | Piramal Group was founded in 1992. |
| Where is Piramal Group headquartered? | Piramal Group is headquartered in Mumbai, India. |
| Is Piramal Group publicly listed? | No, Piramal Group is a private, VC-backed company. |
| What is Piramal Group's valuation? | Piramal Group was last valued at $2.8B in its undisclosed-stage round in October 2020. |
| What was Piramal Group's last funding round? | Piramal Group's last funding round was a undisclosed-stage round in October 2020. |
| Who are Piramal Group's investors? | Piramal Group's investors include Carlyle Group. |
| What is Piramal Group's revenue? | Piramal Group's latest recorded revenue is $729M (October 2020). |
| What is Piramal Group's revenue multiple? | Piramal Group's latest valuation implies a 3.8x revenue multiple ($2.8B valuation on $729M of revenue). |
| Which companies are comparable to Piramal Group? | Companies comparable to Piramal Group include Kangmei Pharmaceutical Co., Hypera, InSilico Medicine Cayman, Bavarian Nordic, Shiji Biotechnology and Sail Biomedicines. |
| How many companies has Piramal Group acquired? | Piramal Group has acquired 5 companies, including Dewan Housing Finance, Hemmo Pharmaceuticals, Walnut Medical, Mallinckrodt (specialty products unit) and Ash Stevens. |
| What was the largest acquisition by Piramal Group? | The $203M acquisition of Mallinckrodt (specialty products unit) in January 2017 is the largest acquisition Piramal Group has made to date. |
| How many companies has Piramal Group invested in? | Piramal Group has invested in 3 companies, including Kumar Equipment, Harmony Organics and VGN Property Developers. |
| What was Piramal Group's last investment? | In October 2026, Piramal Group invested in Kumar Equipment's $16M undisclosed-stage round. |
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