Quotes from Ajay Piramal

I may believe in something, but if it is not working and is not giving returns, we have to close it down because that is the right thing to do for the shareholders.

I am not for buying into financial services firms because I am not sure of the quality.

Demonetisation was always on the government's radar and was part of the plan from day one when Narendra Modi took over as prime minister, as he was concerned about the black money.

Within the renewables space, we are focused on solar and wind energy.

There are very few who have the privileges I have, and, therefore, it is essential that we give back to society.

Fortunately, in Piramal Enterprises, we are in three broad sectors. One is in the whole financial services sector, the second is in pharmaceuticals, and the third is in healthcare analytics and data.

Governance is very important in NBFCs.

Leadership is more than just managing economic reforms. Leadership means giving broad direction, take up challenges which other people cannot do.

Horses and dogs were part of my growing up years.

If you concentrate on action and forget the results, you actually perform much better, because then you are not worried what will happen.

It was always the intention that Shriram would have started a bank at some point.

It is very clear for us; we will do whatever is in the best interest of Shriram shareholders.

The Internet can bring us much closer to the developed world.

We entered into the pharmaceutical industry in 1988, and since then, we have grown significantly on the back of a growing demand in India for pharmaceutical products.

I think public sector banks need to have greater private participation of people who have skin in the game.

In pharma or in information, you have to invest for three or four years, and then you start seeing returns.

We always set ambitious goals in our group, and I have found that if you set your mind to it, you can do it ,and sometimes all the circumstances will play in your favour.

Everywhere in the world, when you travel, you see structures that stand out. Historic structures and new structures. But in India, I don't see anything that stands out.

Normally, Indian companies follow the trend set by companies abroad. There is usually a long lag period.

There are always highs and lows in life, but if you maintain an even keel, then you can take the right decisions.

We've always been influenced by some of India's greatest minds.

Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.

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

Spirituality permeates all aspects of your life and business is just one part of your life.