Corporate Grapevine

Published: Dec 29, 2021
Updated: Dec 29, 2021

Piramal: One foot in Tata camp, one in Ambani’s

The appointment of Ajay Piramal on the Tata Sons board has raised some eyebrows as well as some issues. With the acquisition of DHFL by Ajay Piramal, all eyes are on his association with the Tatas. While the Tatas are also in the financial services business, Piramal, as Tata Sons director, will have access to all the plans of the Tata group in the financial services business. Both Tata and Piramal therefore will be competitors. At the same time, the Tatas and Reliance Industries have different opinions on the proposed e-commerce norms and have accordingly informed the government.

Piramal is also related to the Ambani family by way of his son’s marriage. The question now is: Will there be a conflict of interest with the presence of Piramal on the Tata Sons board?

That’s a big question which both Tata and Piramal need Ajay Piramal to answer.