- Business
- Piramal Enterprises Limited (PEL.BO) is a diversified financial services conglomerate focused on retail lending and non-banking financial services in India. The company provides a comprehensive suite of lending products including affordable housing finance, mass affluent housing loans, microfinance loans, secured business loans, loans against property, merchant buy-now-pay-later (BNPL), digital purchase finance, digital personal loans, unsecured business loans, and pre-owned car loans; it leverages phygital lending models with artificial intelligence, analytics, and data-driven credit decisioning across its extensive distribution network spanning 25 states and 269 cities/towns. PEL operates primarily in the financial services sector, targeting underserved markets such as Bharat with customized offerings for individuals, MSMEs, and housing segments through physical branches and digital platforms. Founded in 1947 and headquartered in Mumbai, India, the company manages approximately $10 billion in assets via organic expansion and strategic acquisitions. In September 2025, the National Company Law Tribunal approved the merger of Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited) into Piramal Enterprises, making the scheme effective and dissolving the subsidiary without winding up; recent initiatives include partnerships such as with RBL Bank, direct assignment disbursements exceeding INR 7,000 crore, and AIF recoveries of INR 802 crore in Q4 FY25 including gains.