What we do Piramal Finance Limited is a diversified non-banking financial company offering housing finance, retail and corporate loans, and real estate lending in India. |
Founded in 1,984 |
Market share A leading NBFC with ₹96,690 crore AUM, strong retail presence (82% of AUM), and top credit ratings (ICRA AA+). |
Problem solved Provides accessible and diversified credit solutions to retail and wholesale customers addressing housing, personal, and business financing needs. |
Top clients or who we serve Serves retail customers with home, used car, personal and business loans; corporate clients via mid-market and real estate lending; B2C and B2B segments. |
Key management Ajay G. Piramal (Chairman), Jairam Sridharan (MD & CEO, IIT Delhi, IIM Calcutta alumnus), Anjali Bansal (Independent Director). |
Our journey and innovations Evolved from Dewan Housing in 1984; acquired DHFL; merged with Piramal Enterprises in 2025; transitioned to retail-focused, AI-enabled financial services. |
Where we operate Primarily across India with a large branch network serving 26 states and multiple cities, expanding in tier 2 and 3 markets. |
Top products or what we offer Home loans, loan against property, used car loans, personal loans, small business loans, corporate lending, life insurance joint ventures. |
Top brands Piramal Finance (flagship brand), Pramerica Life Insurance (joint venture), Piramal.ai (AI-driven credit underwriting). |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely recurring from interest income and fees on loans; some cyclical variation due to macroeconomic and credit cycles. |
Our industry position Market leader in diversified NBFC lending with AA+ credit rating and steady AUM growth; strong retail loan portfolio with low delinquencies. |
Financial highlights Consolidated Revenue ₹6,666 crore FY23; PAT ₹-742 crore FY23 (transition and merger impacts); Q3 FY26 PAT ₹401 crore showing profit growth. |
Geographical revenue split Revenue predominantly from Indian operations; extensive branch presence across 26 states covering metro and non-metro regions. |
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Whats driving growth Retail loan expansion, AI-based underwriting, diversified loan products, merger synergies, and strengthening wholesale and alternative financing. |
Our future plans Grow AUM to ₹1.5 lakh crore by FY28; double AUM in 3 years; expand retail lending and wholesale corporate loans; increase AI adoption. |
Our green promise Focus on sustainable finance including green real estate projects and ESG risk monitoring integrated into lending processes. |
Our people and values 4819 employees with inclusive culture focusing on tech adoption, financial literacy, and strong governance. |
Key challenges ahead Managing legacy loan portfolio, navigating economic cycles, regulatory compliance, and maintaining credit quality amid growth. |
Interesting facts First financial services firm resolved through insolvency buying DHFL; integrated AI extensively, with 54% code written by AI. |
Risks and strategy Credit risk mitigation via data-driven underwriting; diversification; continuous risk management; leveraging technology for predictive analytics. |
