Piramal Group's Ambitious Financial Growth Trajectory

Ajay Piramal, Chairman of Piramal Enterprises, announced plans for the company's assets under management (AUM) to exceed Rs 1 lakh crore in the current fiscal year. With strong retail and wholesale performance, the company's transformation and global borrowings are poised to enhance profits beyond Rs 1,300 crore by FY2026.

In a significant financial announcement, Ajay Piramal, Chairman of Piramal Enterprises, revealed that the company's assets under management (AUM) are projected to surpass Rs 1 lakh crore within the current financial year. This comes on the back of robust performances across both retail and wholesale sectors, marking a 17 percent growth to Rs 80,689 crore, effectively outpacing the stated 15 percent target for FY25.

Piramal emphasized the strategic transformation journey the company has undergone over the past three years. As it nears completion, the company is well-positioned to leverage this platform and investments. Anticipating further growth, the company aims to increase its total AUM by about 25 percent in FY2026, with retail lending anticipated to contribute significantly.

In further developments, Piramal Finance Ltd, formerly Piramal Capital & Housing Finance Ltd, has transitioned into an NBFC-Investment and Credit Company, climbing into the top echelons of private-sector NBFCs. The company secured USD 815 million in global borrowings, including substantial amounts from social loans and sustainability-linked bonds. With an estimated consolidated PAT expected to exceed Rs 1,300 crore by FY2026, Piramal's financial trajectory underscores a strong, optimistic future.

(With inputs from agencies.)