Ajay Piramal

When we look at our business, we are not that concerned about short term valuations. ”

Textile mills are not a very high-margin business and have fixed overheads, so it was challenging. But I think it is only in challenges that you get opportunities. ”

There is nothing similar between the pharmaceutical and textile business. ”

We will follow in letter and spirit whatever the RBI rules and guidelines are - whether at the holding company level or individual company level. ”

When we exited the textiles business, we paid our bankers and labourers. We must have been the only company to do that. ”

We have been successful in buying and selling companies because we have a reputation of fulfilling deal terms in letter and spirit. ”

People say values are expensive, but I say they create economic value. ”

Our organisation and culture is based on professionalism and values. I think my children reflect both. ”

In pharma, we continuously look for acquisitions... if it makes strategic sense and if there is any value. ”

Our risk systems and processes - we keep investing and improving them. ”