Piramal Finance to double retail lending AUM to Rs 1 trillion by FY28

20 Jun 2024 CW Team

Piramal Finance aims to grow its retail lending AUM from over Rs 500 billion to Rs 1 trillion by 2027-28 (FY28), focusing on expanding its presence in small towns.

The company plans to increase total AUM to Rs 1.5 trillion by FY28, with retail lending making up 75% of its loan book. As of March 31, 2024, the total AUM stands at Rs 688.45 billion, with the retail book accounting for 70%, according to a statement from Piramal Enterprises (PEL).

PEL operates its financial services business through its wholly-owned subsidiary, Piramal Capital & Housing Finance, under the customer brand Piramal Finance.

Jairam Sridharan, MD, Piramal Capital & Housing Finance, highlighted the significant business opportunity in small-town markets of ?Bharat?.

The company plans to expand its branch network by adding 50-100 more branches by FY25. Piramal Finance offers 13 loan products, including home, business, personal loans, and loans against securities (LAS), with mortgages making up 68% of the retail AUM. Mortgages grew 38% YoY in FY24. The housing loan business averaged Rs 8 billion in monthly disbursements in FY24, with an average ticket size of Rs 1.9 million.

Following the acquisition of Dewan Housing Finance Corporation Limited (DHFL) in 2021, the company has expanded its branch network from 300 to 490 as of March 31, 2024. The non-banking financial company?s network now spans 26 states, 625 districts, and 404 cities and towns, with a customer base of 4.1 million. Employee strength increased from 5,000 to 13,000 during this period. (Source: Business Standard)

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..