About Us


  1. Acquired the oldest textile unit, MorarjeeGoculdas Spinning & Weaving Co. Ltd which was the Group’s first entrepreneurial venture. Morarjee was established in 1871.

  2. Acquired Miranda Tools and thus began the journey of the engineering business of the group. APG set up an additional manufacturing facility at Ankleshwar in Gujarat.

  3. Miranda Tools was the first High Speed Steel cutting tool manufacturing company in India to receive the ISO 9000 certification

  4. Morarjee formed the shirting division as a joint venture with Manifatturai di Valle Brembana, a leading Italian textile company

  5. Morarjee bought overBrembana’s stake and established its own Italian company, Morarjee International s.r.l.

  6. Morarjee Textiles Ltd entered the garments business through subsidiary company, Integra Apparels and Textiles Ltd based out of Bengaluru

  7. Birth of Peninsula Land Ltd. In 2005, Piramal Holdings Ltd was merged into Morarjee Retail Ltd

  8. MRL was renamed Peninsula Land Limited.

  9. Initiated CSR activities at Bagar in Rajasthan. Subsequently, expanded to Maharashtra and Gujarat.

  10. Peninsula Land launched projects outside Mumbai.

  11. Foray into affordable housing: Launched first affordable luxury project – addressOne at Gahunje, Pune

VISION: "To aim to touch the lives of at least one in five people across the globe, thereby creating enormous value for all our stakeholders"

Group Profile

Ashok Piramal Group has a presence in diverse business sectors, from textiles to real estate and engineering to renewable energy.

The key strengths of the Group come from its strong lineage and effective management that promises to deliver world-class products and services. Every company in the Group while working towards their individual objectives, shares the Group’s collective vision and philosophy.

The Group success lies in creating niche models that ensures each company features among the top 5 in the industry they operate. Morarjee Textiles is a global player in premium shirting and high fashion printed fabric and boasts of all the popular apparel brands as its clients. With exports to over 40 countries, Morarjee is weaving dreams into fashion.

Peninsula Land is recognized for creating international landmarks that redefine India’s skyline. Peninsula Land is an integrated real estate company and it has pioneered retail ventures, world-class commercial projects and luxurious residential complexes. The company has delivered more than 6.4 million sq. ft. of real estate and around 18.6 million is under development in Mumbai, Bengaluru, Pune, Goa, Nasik and Lonavala.

The engineering business under Miranda Tools has raised the bar for engineering companies in India. The Group is on an accelerated growth path and in keeping with its vision, promises to create maximum value for all its stakeholders.


The group’s vision has been instrumental in developing a culture that stems from a set of core values which embody everything we stand for and do – value generation.

  • We listen to our customers.
  • We are committed to delivering real value.
  • We take ownership of a customer's problem until it is solved.
  • We hold ourselves and those we work with to the highest ethical standards.
  • We are honest with each other and constructively give and willingly accept candid feedback.
  • We build relationships of trust so we can share and accept the truth, even when its hard to say or hear.
  • We do the right things even when no one is watching.
  • We respect each other and value their ideas and points of view.
  • We work together and support each other to achieve our goals.
  • We incorporate fun with hard work.
  • We have a passion for winning.
  • We all play an important role.
  • We are one Enterprise. There is no "they" or "I".
  • We strive to find better ways to solve customer problems.
  • We embrace change and use it to shape our own future.
  • We seek innovative solutions to achieve a competitive advantage.
  • We recognize outstanding performance.
  • We inspire each other to succeed. We encourage risk-taking.
  • We take ownership of results delivered in our area of work.
  • We are responsible for and committed to our own personal growth and development.
  • We work through challenges and obstacles to achieve a successful outcome.
  • We show consideration, listen & seek inputs and treat each other fairly.
  • We acknowledge work-life balance as a key driver to achieve a competitive edge.
  • We value diversity of people and ideas irrespective of the level of experience.