Piramal Finance Limited is a diversified non-banking financial company (NBFC) based in Mumbai, India, and part of the Piramal Group. Formerly known as Piramal Capital & Housing Finance Limited, it provides retail and wholesale lending solutions aimed at advancing financial inclusion across India.
Key facts
- Founded: April 11, 1984
- Headquarters: Mumbai, Maharashtra, India
- BSE Code / NSE Symbol: 544597 / PIRAMALFIN
- Market Capitalization: Approx. ₹39, 500 crore (2026)
- AUM: ~₹90, 000 crore (2025)
- License: Registered as NBFC-ICC with the Reserve Bank of India
Evolution and structure
The company originated as Dewan Housing Finance & Leasing Company Limited in 1984 and underwent several name changes before becoming Piramal Finance Limited in March 2025. It is now the flagship financial services arm of the Piramal Group. Following a 2025 merger with Piramal Enterprises Limited, the firm consolidated its position as a large, systemically important NBFC serving diverse credit needs.
Operations and offerings
Piramal Finance operates a nationwide network of over 500 branches across 26 states, serving more than five million customers in urban, semi-urban, and rural markets. Its retail portfolio includes home loans, loans against property, used car loans, personal loans, digital loans, and small business loans. On the wholesale side, it provides structured and asset-backed financing to mid-market corporates and real estate developers.
Leadership and governance
Key figures include Executive Chairman Anand Ajay Piramal, Chairman of the Piramal Group Ajay G. Piramal, and Managing Director Jairam Sridharan. The company employs more than 15, 000 professionals and emphasizes governance, transparency, and sustainable lending aligned with the Group’s principle of “Doing Well and Doing Good.”
Strategic focus
With a digital-first approach, Piramal Finance leverages AI-driven credit models and customer-centric service to expand access to credit in underserved regions. Its transformation from a housing finance company into a full-spectrum NBFC reflects a strategic commitment to inclusive growth and responsible financial innovation across India.