PRESS RELEASE

Nicholas Piramal wins
The 2006 International Spirit at work Award

22 August 2006: The International Spirit at Work Award (formerly the Willis Harman Spirit at Work Award) was created in 2001 to honor organizations that have explicit spiritual practices, policies or programs. The Award was inspired by the late visionary futurist Willis Harman, PhD (1919-1997). Four groups “co-own” and “co-organize” the Award: The Association for Spirit at Work , the Spirit in Business Institute ,The World Business Academy . and the European Bahá’í Business Forum.

The Selection Committee for The 2006 International Spirit at Work Award has selected Nicholas Piramal, Ltd. as an honoree for several reasons. You are being recognized for your success in imbuing your organization with spiritual values. You have provided spiritual guidance to the business community in the publishing of your book, "The Light has come to me", which uses 18 verses for the Geeta to serve as your company's management philosophy. We wish to recognize your dedication to provide spiritual guidance to your employees by, providing yoga and meditation from one of the world's foremost exponents, and allowing employees of all religions the expression of their own spiritual beliefs. Your commitment to the community by establishing programs to help empower women, teach the poor, and nurture people's health is highly laudable. You are to be commended for the compassion you showed on Parel Island by eliminating polio from a 10 mile radius, and the lives you saved and inspired by enriching a community with new life