Piramal Finance, the financial services arm of Piramal Enterprises Limited, announced on June 17 that it has surpassed ₹50,000 crore in Assets Under Management (AUM) for retail loans. Retail loans have grown 132% since March 2022.
Piramal Enterprises operates through its wholly-owned subsidiary, Piramal Capital & Housing Finance Ltd., under the collective customer brand Piramal Finance.
Mortgages remain the dominant part of Piramal Finance’s portfolio, accounting for 68% of the overall retail AUM, with a 38% year-on-year increase in FY24. The housing loan portfolio disbursed an average of ₹800 crore per month in FY24, with an average ticket size of ₹19 lakh.
As of 2:00 PM, Piramal Finance shares were trading 2.41% higher at ₹903.80 on the NSE.
