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

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..