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2026 Who Brands. All information is provided for educational purposes. Brand names and logos are trademarks of their respective owners.

  1. Home
  2. Brands
  3. Healthcare & Pharmaceuticals
  4. Piramal Critical Care
Piramal Critical Care logo
Healthcare & Pharmaceuticals

Who Owns Piramal Critical Care?

Piramal Critical Care is a wholly-owned division of Piramal Pharma Limited (NSE: PPLPHARMA, BSE: 543635), an Indian pharmaceutical company headquartered in Mumbai. The division is a global leader in inhalational anesthetics and complex hospital generics, serving healthcare facilities in over 100 countries. Piramal Pharma was demerged from Piramal Enterprises in 2022 and operates three business segments: CDMO services, critical care, and consumer healthcare.

Parent Company

Piramal Pharma Limited

Founded

2010

Status

Publicly Traded

Headquarters

Mumbai, India

Piramal Critical Care Timeline

1988
Piramal Pharma Limited

Parent company established in Mumbai, Maharashtra, India

Company Founded
2010

Piramal Critical Care

Founded by Piramal Pharma (internal development)

Founded
mid rangeglobal leaderGlobalOfficial Website

Who Owns Piramal Critical Care?

  • Parent Company: Piramal Pharma Limited
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: NSE: PPLPHARMA
BrandParent CompanyOwnership Type
Piramal Critical CarePiramal Pharma LimitedWholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonPiramal Critical Care on Amazon

History of Piramal Critical Care

  • Founded: 2010
  • Founders: Piramal Pharma (internal development)

Piramal Critical Care was established in 2010 as the critical care pharmaceutical division of Piramal Enterprises (which later became Piramal Pharma Limited after the 2022 demerger). The division was created to serve the global market for inhalational anesthetics and complex hospital generics, which are used in surgical procedures and intensive care settings.

The division built its portfolio around inhalational anesthetic products, including sevoflurane, isoflurane, and desflurane. These products are used by anesthesiologists to induce and maintain general anesthesia during surgery. Piramal Critical Care established manufacturing facilities in India and the United States to produce these products to regulatory standards required by the U.S. FDA, UK MHRA, and other global regulators.

Throughout the 2010s, Piramal Critical Care expanded its geographic footprint, reaching healthcare facilities in over 100 countries. The division developed a workforce of over 400 employees representing 20 nationalities across 16 countries. This global presence allowed the division to serve hospitals and healthcare providers in diverse markets, from large urban medical centers to smaller regional facilities.

The division also expanded into complex hospital generics, adding products beyond inhalational anesthetics. These included intrathecal baclofen, used to treat severe spasticity, and other critical care medications used in hospital settings. The expansion into hospital generics broadened the division's product portfolio and reduced its dependence on a single product category.

In 2022, Piramal Pharma Limited was demerged from Piramal Enterprises and began trading independently on the NSE and BSE. Piramal Critical Care became one of three core business divisions of the newly independent company. The demerger allowed the pharmaceutical business to access capital markets directly and pursue its own growth strategy.

In 2025, the division's Lexington, Kentucky facility received a U.S. FDA Form 483 following a Good Manufacturing Practices inspection. The inspection resulted in four observations classified as Voluntary Action Indicated (VAI), which focuses on procedural enhancements rather than critical manufacturing deficiencies. Piramal Pharma confirmed it was preparing a detailed response to address all observations within regulatory timelines.

About Piramal Pharma Limited

What does Piramal Pharma own?
Piramal Pharma owns three business divisions: Piramal Pharma Solutions (CDMO services), Piramal Critical Care (hospital generics and inhalational anesthetics), and the Consumer Healthcare Division (OTC products in India). Its consumer brands include Lacto Calamine, i-pill, Saridon, Littles, and Naturolax. The company operates 17 manufacturing facilities across India, the United States, the United Kingdom, Canada, and Germany.

Is Piramal Pharma publicly traded?
Yes, Piramal Pharma is listed on the National Stock Exchange of India (NSE: PPLPHARMA) and the Bombay Stock Exchange (BSE: 543635). The company was demerged from Piramal Enterprises Limited and listed as a separate entity on October 19, 2022. Shares are held by institutional investors, the Piramal family, Carlyle Group, and public shareholders.

Who founded Piramal Pharma?
Piramal Pharma's origins trace to 1988, when the Piramal Group, led by Ajay Piramal, acquired Nicholas Laboratories India Limited. This acquisition marked the group's entry into the pharmaceutical industry. The modern Piramal Pharma Limited was created through a demerger from Piramal Enterprises in 2022. Ajay Piramal serves as Chairman, and his daughter Nandini Piramal serves as Executive Director.

Where is Piramal Pharma headquartered?
Piramal Pharma is headquartered in Mumbai, Maharashtra, India. The company's corporate offices are in the Piramal Tower in Lower Parel, Mumbai. The company was incorporated in India and is subject to Indian corporate law and regulations.

How many brands does Piramal Pharma own?
Piramal Pharma owns three business division brands (Piramal Pharma Solutions, Piramal Critical Care, and Piramal Consumer Healthcare) and approximately 7 consumer healthcare product brands sold in India. The consumer brands include Lacto Calamine, i-pill, Saridon, Littles, and Naturolax. See the full brand index for the complete list.

Who owns Piramal Pharma?
Piramal Pharma is controlled by the Piramal Group, led by Ajay Piramal and his family, which holds the majority of shares through Piramal Enterprises Limited and other group entities. The Carlyle Group holds a significant minority stake of approximately 15%, acquired through a $490 million investment in 2020. The remainder is held by institutional and public shareholders.

What is Piramal Pharma's revenue?
Piramal Pharma reported revenue of INR 82.1 billion for FY2025 (ending March 2025). The CDMO segment contributed approximately INR 49 billion, critical care approximately INR 20 billion, and consumer healthcare approximately INR 13 billion. The company has been investing in capacity expansion at its CDMO facilities to capture growth in HPAPIs and antibody-drug conjugates.

What is Piramal Pharma Solutions?
Piramal Pharma Solutions is the company's CDMO business division, providing integrated contract development and manufacturing services to global pharmaceutical companies. It offers services across the drug development lifecycle, from API synthesis to commercial manufacturing, with expertise in HPAPIs, sterile injectables, and antibody-drug conjugates. The division operates facilities in India, the United States, the United Kingdom, Canada, and Germany.

  • Founded: 1988
  • Headquarters: Mumbai, Maharashtra, India
  • Company Type: Publicly Traded
  • Stock: NSE: PPLPHARMA
  • Revenue: INR 82.1 billion (FY2025)
  • Employees: Approximately 10,000

Visit Piramal Pharma Limited website

View full company profile for Piramal Pharma Limited

Where Is Piramal Critical Care Made / Based?

  • Headquarters: Mumbai, India
  • Manufacturing / Operations: India, United States, United Kingdom

Piramal Critical Care Categories & Tags

AnestheticsHospital GenericsCritical CarePharmaceutical ProductsPiramal PharmaIndian Brand

Piramal Critical Care Sustainability & Ethics

Piramal Critical Care operates under Piramal Pharma Limited's sustainability framework, built on four pillars: Business Resilience, Quality and Excellence, Responsible Operations, and Stakeholder Centricity. The company has embedded sustainability into its core business strategy and established over 50 time-bound sustainability targets.

The division maintains manufacturing facilities in the U.S. and India that comply with environmental regulations and sustainability standards. The company focuses on responsible manufacturing practices, waste reduction, and energy efficiency across its production sites. As part of Piramal Pharma's environmental commitments, the division participates in corporate-wide initiatives to minimize environmental impact.

Piramal Critical Care's manufacturing facilities have been inspected by multiple regulatory authorities, including the U.S. FDA, UK MHRA, and other global regulators. The 2025 FDA Form 483 at the Lexington facility resulted in four observations classified as Voluntary Action Indicated, which relates to procedural enhancements rather than critical manufacturing deficiencies. The company prepared detailed responses within regulatory timelines.

The division collaborates with the Piramal Foundation on CSR programs focused on healthcare access, education, and community development. The Piramal Foundation operates initiatives in rural healthcare, education, and women's empowerment across India.

With a workforce of over 400 employees representing 20 nationalities across 16 countries, Piramal Critical Care maintains ethical standards and corporate governance practices. The company's stakeholder-centric approach considers the interests of patients, healthcare providers, employees, communities, and shareholders.

The division's stated purpose is "Saving and improving patients' lives." This purpose guides its sustainability initiatives and patient centricity campaigns, which focus on putting patients at the center of business decisions.

Awards & Recognition

Piramal Critical Care has been recognized for its market leadership in inhalational anesthetics and its commitment to sustainability.

In 2025, Piramal Pharma Limited achieved a notable score increase on the S&P Global Corporate Sustainability Assessment (CSA). This achievement reflects the company's integration of ESG principles into its core business strategy and Piramal Critical Care's contribution to the company's overall sustainability performance.

Piramal Pharma released its fourth annual Sustainability Report in 2025, outlining progress across 28 material topics supported by 50-plus time-bound targets. The report highlighted the company's shift from basic ESG compliance to integrating sustainability into its core business strategy.

The division's manufacturing facilities have successfully cleared inspections by multiple global regulatory authorities, including the U.S. FDA, UK MHRA, and other regulatory bodies. These inspections represent recognition of the division's manufacturing standards and regulatory compliance.

Piramal Critical Care is consistently recognized as one of the leaders in inhaled anesthetics and a global player in hospital generics. This market leadership position is acknowledged in industry reports and analyst coverage.

The division's workforce diversity, with over 400 employees representing 20 nationalities across 16 countries, has been recognized as a strength in global pharmaceutical operations. This diversity contributes to the company's ability to serve healthcare markets globally.

Piramal Critical Care Recalls & Controversies

Piramal Critical Care has not experienced any major product recalls as of August 2026. The most significant regulatory issue was a 2025 FDA Form 483 at the Lexington, Kentucky facility.

FDA Form 483 at Lexington Facility (2025): Piramal Pharma's Lexington, Kentucky facility received a U.S. FDA Form 483 following a Good Manufacturing Practices inspection. The inspection resulted in four regulatory observations classified as Voluntary Action Indicated (VAI). The VAI classification indicates that the FDA found objectionable conditions but was not prepared to take or recommend administrative or regulatory action. This classification is less severe than an Official Action Indicated (OAI) status, which would require more immediate corrective measures.

The observations focused on procedural enhancements rather than critical manufacturing deficiencies. The issues were specifically related to procedural improvements rather than problems with product quality or safety. Piramal Pharma confirmed it was preparing a detailed response to address all observations within regulatory timelines.

No Major Product Recalls: Piramal Critical Care has not experienced any major product recalls that would indicate systemic quality issues. The company's focus on inhalational anesthetics and complex hospital generics requires stringent quality control measures, and the division has maintained compliance with these requirements.

Limited Public Controversies: Piramal Critical Care has maintained a low public profile with minimal controversies. The company's business-to-business focus on healthcare providers and hospitals, combined with its emphasis on essential critical care medications, has helped it avoid the types of public scrutiny that affect consumer-facing pharmaceutical companies.

Regulatory Compliance Track Record: Despite the 2025 FDA observation, the division's manufacturing facilities in the U.S. and India have successfully cleared periodic inspections by multiple regulatory authorities, including the U.S. FDA, UK MHRA, and other global regulators. This compliance record reflects the company's investment in quality systems and manufacturing excellence.

Brands Owned by Piramal Pharma Limited

Piramal Consumer HealthcareHealthcare Pharmaceuticals

Piramal Consumer Healthcare

Owned by Piramal Pharma Limited

Over-the-counter consumer healthcare division of Piramal Pharma Limited, offering skincare, wellness, pain relief, and personal care products to Indian consumers.

consumer-healthcareotc-productsskincare
Piramal Pharma SolutionsHealthcare Pharmaceuticals

Piramal Pharma Solutions

Owned by Piramal Pharma Limited

Global contract development and manufacturing organization providing integrated CDMO services across the drug lifecycle for pharmaceutical companies. A division of Piramal Pharma Limited.

cdmocontract-manufacturingdrug-development
View all brands owned by Piramal Pharma Limited

Piramal Critical Care Ownership: Pros & Cons

Advantages

  • +Global leader in inhalational anesthetics with established market position
  • +Manufacturing facilities in India, the U.S., and the UK with regulatory approvals from FDA, MHRA, and others
  • +Diverse workforce of over 400 employees across 16 countries providing local market knowledge
  • +Part of Piramal Pharma Limited, a publicly traded company with access to capital markets
  • +Strong relationships with healthcare providers and hospitals globally
  • +Focus on essential critical care medications with stable demand

Considerations

  • -Faces competition from larger pharmaceutical companies in the hospital generics segment
  • -Regulatory compliance requirements across over 100 countries
  • -2025 FDA Form 483 at Lexington facility, though classified as VAI
  • -Dependency on Piramal Pharma's corporate strategy and resource allocation
  • -Concentrated market for inhalational anesthetics limits growth potential in that segment
  • -Complex manufacturing and quality control requirements for critical care products

Frequently Asked Questions About Piramal Critical Care

Sources & Further Reading

  • Piramal Critical Care Official Website
  • Piramal Critical Care US Website
  • Piramal Pharma Limited Corporate Website
  • Piramal Pharma Critical Care Division
  • Piramal Pharma Sustainability Report FY 2025
  • Piramal Pharma Investor Relations
  • National Stock Exchange (NSE): PPLPHARMA
  • Bombay Stock Exchange (BSE): 543635
  • FDA Form 483 News Coverage
  • S&P Global CSA Assessment News
  • Piramal Pharma Fourth Sustainability Report
  • Piramal Foundation CSR Initiatives
  • FDA Regulatory Information
  • UK MHRA Regulatory Information

Competitors to Piramal Critical Care

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Piramal Consumer HealthcarePiramal Consumer HealthcareSister Brand
Piramal Pharma
India
2010
Regional leaderIndiaAll Genders
Piramal Pharma SolutionsPiramal Pharma SolutionsSister Brand
Piramal Pharma
India
2007
Global leaderGlobalAll Genders

Learn More About Competitors

Piramal Consumer HealthcareHealthcare Pharmaceuticals

Piramal Consumer Healthcare

Owned by Piramal Pharma Limited

Over-the-counter consumer healthcare division of Piramal Pharma Limited, offering skincare, wellness, pain relief, and personal care products to Indian consumers.

consumer-healthcareotc-productsskincare
Piramal Pharma SolutionsHealthcare Pharmaceuticals

Piramal Pharma Solutions

Owned by Piramal Pharma Limited

Global contract development and manufacturing organization providing integrated CDMO services across the drug lifecycle for pharmaceutical companies. A division of Piramal Pharma Limited.

cdmocontract-manufacturingdrug-development

Competitive Analysis

Market Positioning: Piramal Critical Care competes with 2 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Piramal Critical Care

Looking for brands with different ownership structures? These similar brands are not owned by Piramal Pharma Limited, giving you alternative choices that support different corporate structures.

Pharmacy DirectHealthcare Pharmaceuticals

Pharmacy Direct

Owned by Chempro Chemists

Australian online pharmacy operated by Chempro Chemists from Molendinar, Queensland. Offers prescription medications, health products, and wellness items through digital platforms and mail-order delivery.

online-pharmacymail-orderdigital-health
Privately Owned

Pharmacy Direct is privately owned, unlike Piramal Critical Care which is under a publicly traded parent company.

TirosintHealthcare Pharmaceuticals

Tirosint

Owned by IBSA Institut Biochimique S.A.

IBSA Institut Biochimique SA's branded levothyroxine softgel capsule (Tirosint) and liquid solution (Tirosint-SOL), FDA approved for hypothyroidism, formulated without dyes, gluten, lactose, alcohol, or sugar, providing an excipient-free alternative to conventional levothyroxine tablets for patients with sensitivities or absorption issues.

levothyroxinehypothyroidismthyroid
Privately Owned

Tirosint is privately owned, unlike Piramal Critical Care which is under a publicly traded parent company.

Bausch + LombHealthcare Pharmaceuticals

Bausch + Lomb

Owned by Bausch + Lomb Corporation

Global eye health company and contact lens manufacturer founded in 1853, known for ULTRA, Biotrue One Day, and INFUSE lens lines. Public on NYSE and TSX under BLCO.

contact-lensesvision-carebausch-lomb
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Bausch + Lomb operates independently without a large parent corporation.

RetavaseHealthcare Pharmaceuticals

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Owned by EKR Therapeutics, Inc.

Retavase (reteplase) is a prescription thrombolytic medication indicated for acute ST-elevation myocardial infarction. Administered as two 10-unit intravenous bolus injections 30 minutes apart. Currently marketed by Chiesi USA.

pharmaceuticalthrombolyticreteplase
Privately Owned

Retavase is privately owned, unlike Piramal Critical Care which is under a publicly traded parent company.

AlconHealthcare Pharmaceuticals

Alcon

Owned by Alcon Inc.

Independent publicly traded global eye care company headquartered in Geneva, Switzerland, specializing in surgical equipment, contact lenses, and ophthalmic products. Spun off from Novartis in April 2019.

eye-carecontact-lensesophthalmic
Publicly Traded

Alcon operates independently without a large parent corporation.

GE HealthCareHealthcare Pharmaceuticals

GE HealthCare

Owned by GE HealthCare Technologies Inc.

Independent publicly traded healthcare technology company spun off from General Electric in January 2023, providing medical imaging, diagnostics, and healthcare IT solutions globally.

healthcare-technologymedical-imagingdiagnostics
Publicly Traded

GE HealthCare operates independently without a large parent corporation.

Piramal Pharma Limited Stock Information

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team