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22 May 2012
Shalin Shah in Ajay Piramal’s core team for US acquisitions

Shalin Shah has featured prominently in a recent write up in India’s leading business daily, Economic Times, being named as one of the three core members of the team that has recently helped the Piramal Group, headed by Ajay Piramal, make two strategic acquisitions in the US.

Shalin is the son of Sneha and Sanjay Madhukar Shah. He is a graduate from Carnegie Mellon University, with a double degree in Mechanical and Bio-medical Engineering.

During his university days, Shalin won the New York State Chess Championships and was selected for the prestigious position of Model UN President at Carnegie Mellon.

After completing his education, Shalin worked for a Hedge Fund in New York City, before joining IndUS Growth Partners in Boston, one of the four entities that Piramal has created to identify opportunities for M&A across sectors. His background in Value Investing gives him valuable core competencies in mining for under-valued high margin gems. 

The ET writes, “Jonathan Sandler, Christian Planck and Shalin Shah are unknown names in India, but it is this team based out of Boston that has been responsible for helping Ajay Piramal, chairman of Mumbai-based Piramal Enterprises, pull off two transactions worth about Rs 3,600 crore in the pharma space over the past 30 days”.

The two deals are acquisition of Decision Resources Group and acquisition of pharma giant Bayer’s portfolio of early stage drugs to treat cancer and Alzheimer's.

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