The total assets under management (AUM) of the lender grew 22 per cent year-on-year (Y-o-Y) to Rs 91,447 crore, with retail AUM rising 36 per cent Y-o-Y to Rs 74,704 crore
Piramal Enterprises sees strong profit growth in Q1FY26 with a 52% YoY rise, as CFO Upma Goyal resigns and Vikash Singla is set to become CFO of the merged entity
Piramal Enterprises Chairman Ajay Piramal on Monday said the asset under management (AUM) of the NBFC firm is expected to cross Rs 1 lakh crore during the current financial year on the back of strong performance. The consolidated AUM grew by 17 per cent to Rs 80,689 crore, exceeding the stated target of 15 per cent growth during FY25, Piramal said while addressing shareholders at the Annual General Meeting (AGM). "With strong performance across our retail and wholesale businesses in FY2025, we are now well positioned to build upon the platform and leverage the investments that have been made. As our three-year transformation journey nears completion, we look ahead with optimism," he said. In FY2026, he said, "we expect to further build on the momentum, growing our total AUM by about 25 per cent to exceed Rs 1 lakh crore, with growth AUM projected to rise about 30 per cent. Retail lending is expected to contribute 8085 per cent of total AUM." During the 2024-25, Piramal Capital & ..