Piramal Finance

Piramal Finance to raise $1.67 bn locally by March to expand lending

The company aims to raise RS 300 billion in the current financial year, about half of which has been borrowed already, said chief executive officer and managing director Jairam Sridharan

Motilal Oswal ups Piramal Finance target, retains 'Buy' on retail-led surge

The brokerage believes Piramal is entering a phase where scale benefits, lower operating costs and a sharper credit framework will drive meaningful expansion in return ratios.

Piramal Finance hits ₹30,000 cr market cap on debut after PEL merger

Shares of Piramal Finance, which debuted on BSE after its merger with PEL, hit the upper circuit at Rs 1,333.45, valuing the NBFC at over Rs 30,000 crore

Piramal Finance freezes at 5% upper circuit on re-listing day

Shares of Piramal Finance were locked in the 5 per cent upper circuit at ₹1,333.45 on the BSE in Friday's intra-day trade.

Piramal Finance aims AUM of ₹1.5 trillion by 2028: CEO Jairam Sridharan

Piramal Finance Ltd (formerly known as Piramal Capital & Housing Finance Ltd) on Friday said the company wants to achieve AUM size of Rs 1.5 lakh crore by 2028. "We want to build a business that is Rs 1.5 lakh crore in AUM, 3 per cent in return on assets and predictable in terms of profitability. We have spoken about that," Piramal Finance MD and CEO Jairam Sridharan said at the listing ceremony at NSE. The company achieved a 17 per cent growth in total Asset Under Management (AUM) from Rs 68,845 crore as of March 31, 2024, to Rs 80,689 crore as of March 31, 2025. The mix of total AUM across retail and wholesale segments improved to 80:20 as of March 31, 2025, from 70:30 as of March 31, 2024. Piramal Finance got listed at the stock exchanges earlier in the day following the merger of Piramal Enterprises with the former. As many as 22,66,77,700 shares of Rs 2 each were listed on stock exchanges at a price of Rs 1,260 a piece. Speaking at the event, Piramal Finance Chairman Anand ...

Open to small or medium buying opportunities: Piramal Finance MD & CEO

Jairam Sridharan, MD & CEO, Piramal Finance shares the rationale of the entire exercise and the growth roadmap for the upper layer NBFC in a conversation with Aathira Varier and Manojit Saha in Mumbai

Piramal Finance Q2FY26 results: Net profit jumps twofold to ₹327 crore

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

Anand Piramal to become chairman of Piramal Finance after merger

Anand Piramal will chair Piramal Finance with Jairam Sridharan as MD and CEO after NCLT approves merger with Piramal Enterprises, effective from the record date

Piramal Finance raises Rs 2.9K cr via bonds backed by mutual funds

Funds raised through three tranches will be used for onward lending, refinancing, debt repayment and short-term investments, says the Piramal Enterprises NBFC arm

Piramal Finance raises Rs 2,300 crore via external commercial borrowing

The facility carries a tenor of three years and is fully hedged, ensuring mitigation of foreign exchange and interest rate risks, the press release added

Piramal Finance plans to foray into gold loan business for growth

Investment banking sources said the Piramal group is open to acquisitions, though it is not involved in any talks

Piramal Finance eyes overseas bond market for funding diversification

The diversified non-banking finance company (NBFC) aims to increase its borrowing from international sources to 10 to 12 per cent over the next 2-3 years, up from the current 4 per cent

Electoral bonds: Four financial service firms bought bonds worth Rs 87 cr

Electoral bonds: SBI has issued electoral bonds worth Rs 16,518 crore in 30 tranches since the inception of the scheme in 2018

Azad Engineering receives Sebi's approval to raise Rs 740 crore IPO

Azad Engineering Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 740-crore through an initial public offering (IPO). The Hyderabad-based firm, which filed its preliminary IPO papers in September, obtained the regulator's observation letter on December 5, an update with the Securities and Exchange Board of India (Sebi) showed on Thursday. In Sebi's parlance, obtaining its observation letter means its go-ahead to float an IPO. According to the draft papers, the company's IPO comprises a fresh issue of up to Rs 240 crore and an offer for sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors. The OFS consists of sale of equity shares aggregating up to Rs 170 crore by promoter Rakesh Chopdar, Rs 280 crore by Piramal Structured Credit Opportunities Fund, and Rs 50 crore by DMI Finance. Proceeds from the fresh issue will be used for funding capital expenditure of the company, payment of debt, and general corporate purposes. Azad ..

Sebi slaps fine on two former DHFL promoters for flouting disclosure norms

Capital markets regulator Sebi on Monday slapped fines totalling Rs 20 lakh on two former promoters of Dewan Housing Finance Corp Ltd (DHFL) for flouting disclosure norms. Individually, the regulator levied a penalty of Rs 10 lakh each on Kapil Wadhawan and Dheeraj Wadhawan, who were promoters of DHFL (now known as Piramal Finance). The order came after Sebi conducted an investigation into the transfer of shares held by DHFL in DHFL Pramerica Life Insurance (erstwhile DLF Pramerica Life Insurance) to its wholly-owned subsidiary DHFL Investments and other related transactions. The investigation period was from February-March 2017. In its 45-page order, Sebi's Adjudicating Officer Prasanta Mahapatra said, "I find that complete and adequate information was not disclosed to the shareholders of the company as observed from the postal ballot notice and draft share purchase agreement (SPA), which was the responsibility of the noticee (Kapil Wadhawan and Dheeraj Wadhawan)". The postal bal

Our becoming bank rests on regulatory intent for NBFCs: Piramal Finance MD

In a Q&A, Jairam Sridharan dwells on his company's proposed retail thrust and the challenges facing the NBFC sector

Piramal Finance launches innovation lab in Bengaluru, to have 300 members

Piramal Capital & Housing Finance Ltd., (Piramal Finance), the wholly-owned subsidiary of Piramal Enterprises Ltd ('PEL'), on Thursday announced the opening of its 'Innovation Lab' at Bengaluru, where it aims to have a team of over 300 professionals for various tech and business intelligence positions by the end of financial year 2022-23. MD, Piramal Capital & Housing Finance Ltd., Jairam Sridharan said Piramal Finance is rapidly expanding its footprint in Tier II and III cities of 'Bharat' and the innovation centre here is a significant element of its growth strategy. "The financial services industry is rapidly evolving, and this initiative will accelerate the development of next-generation lending solutions and analytics that align with how consumers are reimagining the industry. Nurturing innovation is a part of our core ethos, and the centre will help us to create a vibrant ecosystem of fintechs, start-ups and tech innovators", he was quoted as saying in a company ...

Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital

Adani Finserve, KKR, Piramal Finance and Poonawala Finance are among 14 prominent firms that have expressed interest to acquire Reliance Capital Ltd, promoted by Anil Ambani Group, sources said

Piramal Enterprises Q3 profit rises 11% to Rs 888 crore

The company had posted a net profit of Rs 799 crore for the same period last fiscal year

NCLAT urges CoC rethink on Piramal ascribing Re 1 value to DHFL's bad loans

63 Moons Technologies had moved tribunal over the low valuation ascribed to assets worth Rs 40,000 cr, with DHFL lenders getting nothing if Piramal group recovered from these loans later