- Business
- Piramal Enterprises Limited (PEL.NS) operates as a diversified non-banking financial company registered with the Reserve Bank of India, focusing on retail lending with assets under management of approximately $10 billion across 25 states and 269 cities in India. The company provides a range of financial products including home loans, home construction finance, business loans, personal loans, secured business loans, used car loans, small business loans, loans against property, and mutual fund distribution services; it leverages advanced technologies such as artificial intelligence and analytics to deliver these offerings. Founded in 1988 and headquartered in Mumbai, India, PEL serves individual and corporate customers primarily in the Indian market through organic expansion and strategic acquisitions.
In recent developments, PEL advances toward a merger with its subsidiary Piramal Finance Limited, with National Company Law Tribunal approval secured and completion targeted for the third quarter of fiscal 2026, alongside prior Reserve Bank of India nod; it announced a co-lending partnership with RBL Bank in January 2025 and unveiled the 'Parakh' credit assessment tool through Piramal Finance in the same month. These initiatives support robust growth, including 12% year-over-year assets under management increase to ₹74,692 crore reported in the second quarter of fiscal 2025. PEL forms part of the broader Piramal Group, which maintains interests in healthcare and real estate alongside financial services.