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Piramal Finance Reviews

Mumbai, Maharashtra

4.0/ 5

1 review

Piramal Finance Limited (PFL), formerly known as Piramal Capital & Housing Finance Limited, is a prominent Indian non-banking financial company (NBFC) headquartered in Mumbai, Maharashtra. Operating as the consolidated financial services flagship of the diversified conglomerate Piramal Group, the company traces its roots back to 1984 when it was incorporated as Dewan Housing Finance Corporation (DHFL). In 2021, Piramal Capital & Housing Finance acquired DHFL for INR 34,250 crore through a major resolution process under the Insolvency and Bankruptcy Code, subsequent to which DHFL was merged into the Piramal entity. Following strategic corporate restructuring, the Reserve Bank of India (RBI) approved the company's transition from a Housing Finance Company (HFC) to an Investment and Credit Company (NBFC-ICC) in April 2025. In September 2025, a reverse merger with its parent entity, Piramal Enterprises Limited (PEL), was finalized to streamline capital efficiency, resulting in a unified, publicly traded financial powerhouse listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the ticker PIRAMALFIN. Piramal Finance positions itself as an institution serving "Bharat," targeting underserved individuals, families, micro-entrepreneurs, and small businesses primarily across metro-adjacent, semi-urban, and rural areas. The company employs a "phygital" strategy, blending advanced data-driven, AI-powered lending technologies with an extensive physical footprint. As of mid-2026, its comprehensive distribution infrastructure comprises over 701 branches spanning 26 Indian states, successfully delivering accessible credit solutions to more than 5 million customers across 13,000+ pin codes. The business operations of Piramal Finance are organized into two primary segments: retail lending and wholesale financing. In the retail segment, the company offers a diversified suite of consumer products including home loans, business loans, personal loans, used car loans, loans against property, loans against mutual funds, and digital loans. In its wholesale vertical, Piramal Finance partners with mid-sized corporations and property developers, providing structured asset-backed capital solutions focused on mid-segment residential real estate and various non-real estate corporate sectors. Financially, Piramal Finance has achieved substantial scale, managing an Assets Under Management (AUM) exceeding INR 1,00,000 crore. For the fiscal year ending March 31, 2025, the company reported an annual revenue from operations of INR 10,270 crore and a consolidated net income of INR 485 crore, demonstrating robust year-on-year growth driven by its retail expansion. Under the executive leadership of Anand Piramal as Chairman and Jairam Sridharan as Managing Director & CEO, the company maintains a workforce of over 16,422 employees and continues to deepen credit access through strategic co-lending partnerships with premier banking institutions like ICICI Bank, advancing the Piramal Group’s core philosophy of "Doing Well and Doing Good.