- Business
- Pilani Investment and Industries Corporation Limited (PILANIINVS.NS) is an India-based non-banking financial company (NBFC) registered with the Reserve Bank of India that does not accept public deposits and functions as a core investment company focused on shares, securities, loans, trade accounts receivable, and mutual funds of Birla group entities; it provides financing to group companies and holds investments in subsidiaries including PIC Properties Limited and PIC Realcon Limited. Incorporated in 1948 and headquartered at Birla Building, 9/1 R. N. Mukherjee Road, Kolkata, the company maintains a diversified equity portfolio featuring stakes in Century Textiles and Industries Limited, Grasim Industries Limited, Hindalco Industries Limited, UltraTech Cement Limited, Vodafone Idea Limited, and Kesoram Industries Limited, with total investments reaching Rs17,386 crore as of March 2025, up 24% from the prior year. All operations occur within India, targeting Birla group affiliates and related sectors in financial services and holding company activities. In recent developments, the company approved unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, reporting standalone H1 profit after tax of Rs61.33 crore (EPS Rs55.39) and consolidated H1 PAT of Rs40.69 crore; it scheduled a board meeting for November 8, 2025, to approve Q2/H1 FY26 results, responded to exchange queries on trading volume spikes in October 2025 confirming no undisclosed price-sensitive information, and noted a 73% surge in current liabilities to Rs4,724 crore by March 2025 amid rising interest costs. Promoter holding stands at 58.1%, with low ROE of 1.3% over three years and dividend payout of 11.2%.