Piramal Capital and Housing Finance Ltd, referred to as Piramal Finance, the wholly-owned
subsidiary of Piramal Enterprises Ltd, recently announced that 70 per cent of its loan book, out of the total assets under management (AUM) of Rs 68,845 crore, is from the retail lending business, with Telangana, and Andhra Pradesh ranking among its top five markets.
The retail lending portfolio primarily includes home loans, small business loans, used car loans, and unsecured loans. In both the Telugu States, the company has 57 branches. The company has expanded its network to 487 branches, and 194 microfinance branches across 26 states in FY24.
Jairam Sridharan, MD, Piramal Finance, said: “Andhra Pradesh and Telangana continues to be a strong growth market for us, and we are confident in our ability to maintain this success.”