
Piramal Pharma Solutions is a wholly-owned division of Piramal Pharma Limited (NSE: PPLPHARMA, BSE: 543635), an Indian pharmaceutical company headquartered in Mumbai. The division operates as a contract development and manufacturing organization (CDMO), providing drug development and manufacturing services to global pharmaceutical companies from facilities in India, the United States, the United Kingdom, and Europe. Piramal Pharma was demerged from Piramal Enterprises in 2022.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Piramal Pharma Solutions | Piramal Pharma Limited | Wholly owned |
Piramal Pharma Solutions was established in 2007 as the contract development and manufacturing division of Piramal Enterprises (which later became Piramal Pharma Limited after the 2022 demerger). The division was created to serve the growing demand for outsourced drug development and manufacturing services from global pharmaceutical companies, a market that was expanding as pharmaceutical companies increasingly outsourced manufacturing to reduce costs and focus on research and development.
In 2008, Piramal signed a drug development deal with Eli Lilly and Company, establishing itself as a contract development partner for a major pharmaceutical manufacturer. This partnership strengthened Piramal's capabilities in drug development and demonstrated its ability to meet the quality standards required by global pharmaceutical companies.
Throughout the 2010s, Piramal Pharma Solutions expanded its service offerings and geographic footprint. The division established manufacturing facilities across India, the United States, the United Kingdom, and Europe. Key facilities include sites in India (including Ahmedabad, Digwal, and Turbhe), the United States (including a facility in Lexington, Kentucky), and the United Kingdom (including Grangemouth, Scotland and Morpeth, England).
The division developed specialized expertise across the drug lifecycle, from discovery chemistry through process development, pre-GMP scale-up, GMP manufacturing, and commercial production. This end-to-end capability allowed the division to serve pharmaceutical companies from early-stage drug development through to commercial manufacturing.
In 2022, Piramal Pharma Limited was demerged from Piramal Enterprises and began trading independently on the NSE and BSE. Piramal Pharma Solutions became the core CDMO business of the newly independent company. The demerger allowed the pharmaceutical business to access capital markets directly and pursue its own growth strategy.
The division has continued to invest in facility expansion and technology. A state-of-the-art Antibody-Drug Conjugate (ADC) manufacturing facility was established in Grangemouth, Scotland, to serve the growing demand for ADC development and manufacturing. The division has also expanded its capabilities in complex formulations and specialized drug products.
In 2025, Piramal Pharma Solutions achieved a Net Promoter Score (NPS) of 55, validated by third-party provider DNV. This score surpassed industry averages and reflected the division's focus on customer satisfaction and stakeholder centricity.
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.
Piramal Pharma Solutions 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 established over 50 time-bound sustainability targets.
The division maintains manufacturing facilities across India, the United States, the United Kingdom, and Europe that comply with environmental regulations and sustainability standards. The company focuses on responsible manufacturing practices, waste reduction, energy efficiency, and sustainable resource management across its production sites.
Piramal Pharma Solutions' manufacturing facilities have been inspected by regulatory authorities including the U.S. FDA, UK MHRA, and other global regulators. The division's commitment to quality is embedded in its operations, with quality treated as a collective responsibility across the organization.
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.
In 2025, the division's NPS of 55, validated by DNV, reflected its commitment to stakeholder centricity and customer satisfaction. This score demonstrates the division's ability to build trust-based relationships with pharmaceutical industry clients.
The division's expansion strategy includes facility upgrades and new construction projects, such as the ADC manufacturing facility in Grangemouth, Scotland. These investments are made with attention to environmental standards and sustainable business practices.
Piramal Pharma Solutions has received multiple industry awards for its CDMO services and customer satisfaction.
In 2025, the division achieved a Net Promoter Score of 55, validated by third-party provider DNV. This score surpassed industry averages and demonstrated the division's commitment to customer satisfaction and stakeholder centricity.
In 2024, Piramal Pharma Solutions was recognized as a winner in four categories at the CDMO Leadership Awards, spanning overall, small pharma, and big pharma segments. This multi-category recognition demonstrated the division's ability to serve diverse pharmaceutical company needs.
In 2022, the division won in six categories at the CMO Leadership Awards in the small pharma segment. This consistent recognition across multiple years highlights the division's sustained position in the contract manufacturing industry.
The division was named "Top Indian Bioservices Company of the Year" for two consecutive years (2020-21 and 2021-22) at the BioSpectrum Excellence Awards, demonstrating its position in the Indian bioservices sector.
In 2021, the division received the Frost and Sullivan Global CDMO Customer Value Leadership Award, recognizing its ability to deliver value to customers through innovative solutions and operational excellence.
In 2018, the division was awarded "Industry Partner of the Year" at the Global Generics and Biosimilars Awards during the CPhI Conference, highlighting its reputation as a trusted partner in the pharmaceutical industry.
In 2016, the division received the "Best Customer Experience Award of the Year - Pharmaceutical" at Customer Fest, demonstrating an early commitment to customer-centric service delivery.
Piramal Pharma Solutions has not experienced any major product recalls or significant controversies as of August 2026. The division has maintained a strong operational record throughout its history as a CDMO provider.
Quality and Compliance Track Record: The division's manufacturing facilities in India, the United States, the United Kingdom, and Europe have successfully cleared 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 regulatory expertise.
No Major Product Recalls: As a contract development and manufacturing organization serving pharmaceutical companies, Piramal Pharma Solutions has not experienced any major product recalls. The division's focus on quality as a collective responsibility has contributed to its ability to maintain high standards across all manufacturing processes and client projects.
Limited Public Controversies: Piramal Pharma Solutions has maintained a low public profile with minimal controversies. The company's business-to-business focus on serving pharmaceutical companies rather than direct consumer markets has helped it avoid the types of public scrutiny that affect consumer-facing pharmaceutical companies.
Customer Relationship Strength: The division's NPS of 55 in 2025, validated by DNV, demonstrates the strength of its customer relationships and the absence of significant client disputes. This high customer satisfaction score reflects the division's ability to maintain trust-based relationships with pharmaceutical industry clients.
Parent Company Regulatory Issues: While Piramal Pharma Solutions itself has not been the subject of major regulatory actions, its parent company Piramal Pharma Limited received FDA Form 483 observations at other facilities in 2024 (Michigan) and 2025 (Maharashtra). These actions primarily targeted API manufacturing operations, not the CDMO division's client services. However, the regulatory scrutiny affects the entire company's reputation.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Piramal Pharma | India | 2010 | Regional leader | India | All Genders | |
| Piramal Pharma | India | 2010 | Global leader | Global | All Genders |
Healthcare PharmaceuticalsOwned 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.
Healthcare PharmaceuticalsOwned by Piramal Pharma Limited
Global leader in inhalational anesthetics and complex hospital generics, providing critical care pharmaceutical products to healthcare facilities in over 100 countries. A division of Piramal Pharma Limited.
Market Positioning: Piramal Pharma Solutions 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.
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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.
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