Mr. Vijay Kantilal ShahExecutive Director, Piramal Enterprises Ltd.
Director, Piramal Glass
Chairman, Piramal Glass Ceylon Plc.
Mr. Vijay Shah is an Executive Director on the Board of Piramal Enterprises, Director of Piramal Glass and Chairman of Piramal Glass Ceylon Plc., Sri Lanka. He has been associated with the Piramal Group for over 29 years, and has successfully spearheaded many businesses and companies.
Mr. Shah joined the Piramal Group in 1988. He initiated the Strategic Planning function in Piramal Enterprises. He took over as the Managing Director of Gujarat Glass Limited in September 1992. Under his leadership, the Company became a dominant player in the Indian Pharma Packaging market with 40% market share and commanded a premium pricing.
With the success of building a business and turning around a loss-making company, he was put in charge of a completely diverse business of Pharmaceutical Formulations in India. He then took over as the Executive Director and Chief Operating Officer of Piramal Healthcare in 2000. During this period, the Company moved from rank 23 to rank 4 in the Indian Pharma Industry with several acquisitions, and created the largest field-force in Indian pharmaceutical market with 3,500 people, spanning across 10 divisions and 4 businesses.
He was involved in a number of acquisitions and handled post-acquisition integration, along with heading the healthcare vertical, which the included the Pharma Solutions and Critical Care businesses. In October 2005, Mr. Shah aided the acquisition of the loss-making Glass Group's Cosmetic and Perfumery business in USA and he once again took charge of Piramal Glass Limited as its Managing Director, successfully turning around a bankrupt company, despite the recessionary trend.
With effect from 1st January, 2012, Mr. Shah took charge as the Executive Director & Chief Operating Officer of Piramal Enterprises Limited, leading Pharma Solutions and Critical Care. In January 2014, he was appointed as the Chairman of the Pharma Operations Board of Piramal Enterprises Limited.
He is a Commerce Graduate and a rank holder from the Institute of Chartered Accountants of India. He has completed a Management Education Programme from IIM, Ahmedabad and Advanced Management Program (AMP) from the Harvard Business School.