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Mumbai: Piramal Capital & Housing Finance Ltd., referred to as Piramal Finance, the
wholly owned subsidiary of Piramal Enterprises Ltd., today announced that it has surpassed the 500- branches mark as of Q1 FY25.
Over the past year, the company added more than 100 branches, including both conventional and microfinance branches. This brings its network to 501 conventional branches and 210 microfinance branches across 26 states, serving over 13,000 pin codes across Bharat markets.
The company plans to add 100 more branches in FY25, expanding its presence to over 600 conventional branches across 1,000 locations. The company’s total assets under management (AUM) have crossed INR 70,576 crore, with 72% of this coming from the retail business. Piramal Finance is rapidly expanding its retail portfolio to serve unserved and underserved markets across Bharat. Currently, 80% of its business comes from metro-adjacent areas and Tier 2 & 3 markets, with over 40% of borrowers aged between 18 to 34 years.
Piramal Finance’s retail lending portfolio includes home loans, small business loans, used car loans, and unsecured loans. Through a combination of innovation and Technology-Backed Lending—a strategy that blends physical distribution with digital enablement—Piramal Finance has developed a multi-product retail lending platform to serve Bharat. The company offers over 13 loan products, tailored to meet the diverse needs of its customers. From Q1 FY24 to Q1 FY25, Piramal Finance added over 11 lakh customers to its base, bringing its total customer franchise to 40 lakh.
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