He was 29 when his father died suddenly in New York. His brother Ashok took over the family business, but five years later he too died. Just before that, his other brother Dilip had decided to separate his business. Meanwhile, a year-long textile strike dealt a crippling blow to the textile industry and Morarjee Mills, the group's main business venture then, was deep in the red. In 1988, he heard from a friend that Nicholas Laboratories, an Australian multinational corporation that was exiting India, was up for sale. He took the company to a place among the top five pharmaceutical companies in India. From owning what was then an almost defunct textile company, today he is the chairman of a Rs 4,000-crore group, comprising of the fourth-largest pharmaceutical company in India, Morarajee Weaving and Spinning and Gujarat Glass. Three redundant factory buildings in Mumbai were converted into Crossroads, India's first major shopping mall. Who ?
A-Ajay Pirmal
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