Piramal Finance was recently listed on the NSE and BSE
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Piramal Finance aims to surpass ₹1 lakh crore mark in Assets Under Management (AMU) by the end of FY26, according Jagdeep Mallareddy, CEO, Retail Lending, Piramal Finance.
Speaking at a press conference here on Thursday, Mallareddy said Piramal Finance’s retail AUM has crossed ₹75,000 crore, reflecting a three and a half times increase in four years. The retail disbursements of the company rose 45 per cent during the festive season, driven by demand from semi urban markets for home, personal and business loans.
”This follows a 32 per cent increase in the first half of FY26. The company continues to scale through its High Tech High Touch model, which blends digital solutions with personalised service,’’ he said.
Expansion in Telangana
Piramal Finance has also lined up expansion in Telangana, as it targets to achieve 1.5 lakh crore overall AUM by FY28, nationally. The State is a key market company’s housing finance and MSME products, with a strong loan book supported by 29 branches across key cities, including 23 branches serving over 51,500 customers.
”We see tremendous opportunity in markets like Telangana. Semi-urban and emerging markets continue to drive our growth, and our focus is on delivering simple, transparent, and reliable credit solutions to customers who may not always have traditional paperwork,’’ Mallareddy said. .
Piramal Finance was recently listed on the NSE and BSE. The company serves 5.2 million customers across 13,000 pin codes through 517 branches in 428 cities. Its consolidated AUM has nearly doubled from ₹49,000 crore in FY21 to ₹91,477 crore in Q2FY26, with retail forming more than 82 per cent of the book.
The company operates more than 45 AI models to strengthen underwriting, collections and customer experience, enabling credit access even for customers without formal credit histories.
Published on November 27, 2025
