Vaghul was pioneering business leader with clear sense of duty: Ajay Piramal

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Piramal board for 25 years. He provided us with clear and transparent thinking, making interventions where needed and gently guiding us to make brave decisions. I was always amazed by his sharp memory.

He would accurately recall numbers discussed over a decade ago in the context of matters being presently discussed at a meeting. He was a great storyteller and conveyed his intent with simplicity and humour. We are ever grateful for his lucid wisdom.

Vaghul had a deep knowledge of the scriptures and would often be heard saying that where science ends, spirituality begins, and vice versa. He adhered to the wisdom of Sanatana Dharma and acted upon it by putting this knowledge into everyday practice. His thoughts, words, and actions were completely aligned, allowing him to execute all his ideas to perfection.

Narayanan Vaghul was a generous man. I have always observed how selfless he was in his actions and the way he lived. He always put the needs of the country first, working for the disempowered.

Then, it was the companies he built and all their employees, and only then his own needs. He lived a very simple life, always humble, putting everyone’s needs before his own. For a man of such great accomplishments, he would regularly tell me that he had done nothing great but only his duty.

Vaghul was a Bhishma Pitamaha to many, with a clear sense of duty governed by his convictions of right and wrong. A lion among men, Vaghul showed no fear when it came to doing the right things for the right reasons. His legacy of many firsts has undoubtedly had a profound impact on the evolution of modern banking in India.