Piramal Enterprises Limited (PEL) is one of India's leading diversified non-banking financial companies (NBFC) with assets worth approximately $10 billion. It boasts a network of over 400 branches across 26 states/Union Territories, offering a wide range of financial products and solutions across retail and wholesale lending, fund-based platforms, and investments. The company serves as the holding company of the Piramal Group, headed by the Chairman, Ajay Piramal, with the promoter group having a presence in diversified businesses like financial services through Piramal Enterprise, pharma (CDMO, Critical Care, OTC) through Piramal Pharma Ltd (PPL), and real estate development and consulting.
Founded by Ajay Piramal in 1984 after he acquired a small-scale manufacturing unit from his father, Piramal Enterprises Limited is an Indian multinational pharmaceutical and financial services company based in Mumbai, Maharashtra. Today, Piramal has more than 50 offices across 30 countries and employs over 10,000 people worldwide, with a presence in 100+ countries through its subsidiaries or associate companies.
As of recent data, Piramal Enterprises commands a market capitalization of ₹26,247 Crore, representing a 23.8% increase over the past year. The company has demonstrated remarkable financial recovery, with FY25 consolidated PAT standing at ₹485 Crore, versus a loss of ₹1,684 Crore in FY24. For Q4 FY25, the company reported revenue of ₹3,122.85 Crore and net profit of ₹102.44 Crore.
* Revenue: ₹10,375 Crore
* Net Profit: ₹485 Crore
* Promoter Holding: 46.41% as of March 2025
* Net Worth: ₹27,096 Crore with capital adequacy ratio at 23.6%
* Cash and Liquid Investments: ₹10,084 Crore (11% of total assets)
PEL is one of the leading players addressing the diverse financing needs of the under-served and unserved people of the 'Bharat' market, with over 1.3 million active customers and a presence in 26 states with a network of 508 branches as of September 30, 2024. The company offers multiple products, including housing loans, loan against property, used car loans, small business loans, personal loans, and microfinance. Retail AUM increased by 35% YoY to ₹64,652 Crore, with mortgage loans accounting for 68% of retail AUM at ₹43,841 Crore.
In wholesale lending, PEL caters to both real estate and non-real estate sectors, offering multiple products including construction finance, structured debt, and senior debt to diverse corporate clients. The wholesale AUM grew 44% YoY to ₹9,117 Crore, with disbursements in Q4 standing at ₹1,708 Crore, up 18% YoY.
Piramal Alternatives, the fund management business, provides customized financing solutions to high-quality corporates through 'Performing Credit Fund', a sector-agnostic Credit fund with capital commitment from CDPQ; and 'IndiaRF', a distressed asset investing platform with Bain Capital Credit. PEL has formed strategic partnerships with leading financial institutions such as CPPIB, APG, and Ivanhoe Cambridge (CDPQ) across various investment platforms.
The company has made significant strides in transforming its business model and improving operational efficiency. Total Assets Under Management (AUM) grew 12% YoY to ₹74,692 Crore, led by the Growth business, with the Growth to Legacy AUM mix improving to 84:16 from 34:66 in FY22, as Growth AUM grew 45% YoY to ₹62,626 Crore.
The company is on track to reduce legacy discontinued AUM to below 10% of total AUM by March 2025, with ongoing recovery efforts strengthening the financial position. AIF recoveries totaled ₹802 Crore, including gains of ₹369 Crore in Q4 FY25, with FY25 gains of ₹926 Crore.
In October 2024, the company raised an additional $150 million through a Sustainability Bond, which was oversubscribed 3.5 times, reflecting strong investor confidence in the vision for sustainable growth. The company raised $815 million in FY25 from international markets, including $265 million in Q4 via the ECB (External Commercial Borrowing) route.
PCHFL, a PEL subsidiary, was renamed Piramal Finance Ltd (PFL) and reclassified from a housing finance company to an Upper Layer NBFC, with PFL now among the top 10 private NBFCs in India. RBI has approved the merger of PEL with PFL. The company is in the process of obtaining approvals from the Registrar of Companies and expects to finalize the merger by September 2025.
PEL has built a technology platform driven by artificial intelligence (AI), with innovative financial solutions that cater to the needs of varied industry verticals. With assets worth approximately $10 billion, the company uses advanced technologies including AI-driven platforms to offer financial solutions across sectors.
Despite a 25% decline in Q4 profit, the company declared a ₹11 dividend per share, with June 13, 2025, announced as the record date for determining eligible members to receive the final dividend for the financial year ending March 31, 2025.
The company's strategic focus on growth, controlled risk management, and operational efficiency continues to yield strong results, positioning it well for sustainable long-term growth in India's evolving financial services landscape.
