People Philosophy

Given the fact that the company is in the intellectual capital driven business of pharmaceuticals, Nicholas Piramal lays great stress on Knowledge Management and development as a Knowledge-based company.

Nicholas Piramal, as a consequence of its HR practices, has attracted some of the finest talent in industry. Its senior management team of 41 comprises 39 people who are Doctorates, MBAs, CAs or have post-graduates from some of the best institutes in India and across the world. Their work experience also spans some of the top global and Indian firms in their industry.

In keeping with the M&A ethos, Nicholas Piramal has built a culture where diversity thrives, thanks to its skill of integrating acquisitions quickly and efficiently, contrary to most practices in industry. People from acquired companies at all levels are able to quickly craft and define a career process and follow it up very successfully. The company has several such examples in Finance, Sales and Marketing and Manufacturing who are now at top or senior management positions.

Within its acquired companies Nicholas Piramal has set up a culture wherein talent at all levels with leadership potential can be spotted quickly and potential leaders presented with an opportunity to grow. This can be seen from the fact that the attrition levels within acquired companies are largely lower than industry norms.

At Nicholas Piramal with its accent on entrepreneurship, the company has recently delayered management to create growth and entrepreneurial opportunity. Entrepreneurial spirit among middle and senior management is encouraged with high levels of empowerment. Communication is also a priority for top management. The company's Chairman regularly shares successes and triumphs with the company as a whole through personalized meetings and digital house-journals, which reach to more than 3,000 employees.

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