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)

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..