Piramal Finance Limited is a financial services firm in India, operating as a non-banking financial company (NBFC–ICC) that provides a wide range of lending and credit products across retail and wholesale segments. It is part of the Piramal Group, a large Indian diversified conglomerate.
Company Background
- Founded: Originally in 1984 as Dewan Housing Finance Corporation Ltd. (DHFL) by Rajesh Kumar Wadhawan, later acquired and restructured under the Piramal Group.
- Renamed: After acquisition and merger, the company was rebranded as Piramal Finance Limited in 2025 following regulatory approval to operate as an NBFC-ICC.
- Headquarters: Mumbai, India.
- Part of: Piramal Enterprises Limited and the broader Piramal Group.
What It Does
Piramal Finance offers a wide array of financial products and services:
- Retail lending: home loans, personal loans, loans against property (LAP), used car loans, small business loans, and digital loans.
- Wholesale lending & corporate finance: structured debt, asset-backed solutions, and capital solutions for corporate and real estate clients.
- It operates through a large physical and digital network with branches and services across more than 13, 000 pin codes in 26 states of India.
Scale & Growth
- Assets Under Management (AUM): Around ₹96, 000+ crore as of early 2026.
- Customer base: Serves millions of customers across retail and business segments.
- The firm has significant retail loan growth and strategic plans to expand AUM further toward long-term targets.