Piramal Finance Targets ₹1.5 Lakh Crore AUM By 2028 After Successful NSE Listing

Mumbai, November 7, 2025: Piramal Finance Ltd, formerly Piramal Capital & Housing Finance Ltd, has outlined ambitious plans to achieve an asset under management (AUM) of ₹1.5 lakh crore by 2028. The company aims to maintain consistent profitability, targeting a 3% return on assets as it scales its operations.

Expansion and Momentum of Growth

At the NSE listing ceremony, Jairam Sridharan outlined Piramal Finance’s ambitious growth plans, targeting an AUM of ₹1.5 lakh crore by 2028, along with a consistent 3% return on assets and predictable profitability.

As of March 31, 2025, the company’s total AUM rose 17% year-on-year, reaching ₹80,689 crore from ₹68,845 crore in FY24. The retail-to-wholesale AUM ratio improved to 80:20 from 70:30, reflecting a strategic push to strengthen the retail lending base.

Listing and Market Response

Piramal Finance was listed on the National Stock Exchange on Friday after the merger of Piramal Finance with Piramal Enterprises. It had 22.66 crore shares of face value ₹2 each, where 22.66 crore shares were at the time of debut at ₹1260 per share.

Chairman Anand Piramal pointed out that the company’s stock has been up more than 15 percent in its listing session, indicating that it is well-received by investors. In its bid to become part of the merger, Piramal Enterprises’ shares have not been traded since September 23. Anand Piramal took over the position of Piramal Finance as Chairman, officially, on September 16, 2025, following the amalgamation.

Legacy and Business Evolution.

The merger will transform Piramal Finance into a diversified financial services company on its own rather than a housing finance branch. In September 2021, as part of the resolution plan, the firm had previously acquired Dewan Housing Finance Ltd (DHFL), which had huge debts and was in the red, at ₹34,250 crore cash and non-convertible debentures.

Regarding the company’s rapid growth, Sridharan stated, “We are among the top 10 companies with 10,000 participants in a competitive market.” Within half a decade, 6 years, we have expanded four times since ₹20,000 crore to more than ₹80,000 crore in AUM.

Target Retail and Unserved Markets.

Piramal Finance offers a wide range of retail and wholesale financial services, including home loans, property-backed loans, personal and small business loans, and used car financing. On the wholesale side, the company provides asset-backed lending for mid-size residential and commercial projects.

The company remains focused on India’s underbanked and underserved segments, with a business strategy centered on low-cost credit and digitally enabled financial solutions.

As of November 7, 2025, after the merger and listing, the share of Piramal Enterprises closed at ₹1,129, gaining an upward movement of 0.61%.

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