Piramal Finance opens 'Maitreyi' branch, led entirely by women

Hyderabad: Piramal Capital & Housing Finance Limited, known as Piramal Finance and a wholly owned subsidiary of Piramal Enterprises Limited (‘PEL’), announced the opening of its inaugural all-women branch in Hyderabad. The branch, named 'Maitreyi,' is located at D.No: 8-1-8, 1st Floor, Kura Homes Pvt Ltd, S.D Road, Near Clock Tower, Secunderabad 500 003. Parneet Soni, Head-HR, Piramal Finance, inaugurated this significant addition to the company's branch network.

The 'Maitreyi' branch will provide a range of services, including home loans and MSME loans, tailored to customer preferences. This launch aligns with Piramal Finance's strategic growth plan, which includes branches in key cities such as Ajmer Road in Rajasthan, Mohali in Punjab, Tripunithur in Kerala, Chattarpur in New Delhi, and Mumbai in Maharashtra. These locations have been carefully chosen to meet customer needs and support Piramal Finance's broader business strategy.

Piramal Finance now boasts 14 full-service branches in Hyderabad and 25 branches in Telangana, covering markets like Warangal, Karim Nagar, Nizamabad, and Khammam. The company aims to establish a robust branch network of 500-600 across 1,000 locations, with a focus on expanding into small towns across India.

The 'Maitreyi' branch embodies Piramal Finance's dedication to fostering diversity and equal opportunities for women in the workforce. The name 'Maitreyi' signifies wisdom and intelligence, reflecting the company's belief in the talent and potential of women professionals who will shape their careers while serving customers' financial needs.

By launching the 'Maitreyi' branch, Piramal Finance aims to inspire women nationwide and promote diversity, inclusion, and equal opportunities. The branch is entirely staffed by women employees, with a dedicated team of 7 - 15 individuals comprising both internal transfers and new hires. This approach ensures a diverse and skilled workforce capable of meeting customer needs effectively.

Jairam Sridharan, Managing Director of Piramal Finance, commented on the inauguration, stating, "We are pleased to inaugurate the 'Maitreyi' branch in Hyderabad, aligning with this year's UN focus on women's role in forging a sustainable future. This women-only branch underscores our commitment to diversity and inclusion, highlighting the talent and capabilities of women professionals. Hyderabad is a crucial market for us, and our expanding branch network will strengthen our presence in the state. Through our branches, we aim to offer simplified, efficient, and impactful lending solutions that support the vision of empowered women as key contributors to a sustainable future."

Piramal Finance, one of the largest Housing Finance Companies (HFCs) in the country, provides various loan products, including housing and MSME loans, to cater to customers in medium and small towns across India. The company's innovative approach, combined with its phygital strategy, has enabled the development of a multi-product retail-lending platform to better serve customers in Bharat.

As of December 31, 2023, Piramal Finance has a network of 470 branches across 625 districts in 25 states of India, serving over 3.9 million customers. The company plans to further expand its branch network by adding 100 more branches in FY2025, aiming for a robust network of 500-600 branches across 1,000 locations.