Archive · 24 Sep 2025
Anand Piramal Takes Over as Chairman of Piramal Finance
Piramal Finance, a financial company, has a new boss named Anand Piramal.
This happened because Piramal Finance merged with its parent company.
This change was approved in September 2025.
Piramal Finance offers loans and is growing its business.
The company is the largest affordable housing lender in the country.
The goal is to make the company more efficient and manage money better.
Jairam Sridharan will continue as CEO.
Anand Piramal takes over as Chairman of Piramal Finance.
The merger of Piramal Enterprises with its subsidiary was approved by the National Company Law Tribunal.
The company is transitioning to a diversified, technology-led non-banking finance company.
Piramal Finance aims for 25% AUM growth in FY26.
The NBFC serves over 5 million customers.
- Who
- Anand Piramal is the new Chairman of Piramal Finance.
- What
- Piramal Finance has absorbed its parent company, Piramal Enterprises, and Anand Piramal has assumed the role of chairman.
- When
- The merger was effective from September 16, 2025.
- Where
- Mumbai.
- Why
- To streamline operations and improve capital efficiency.
- New Chairman
- Anand Piramal
- Effective Date
- September 16, 2025
- Merger Approval
- National Company Law Tribunal (September 10, 2025)
- AUM FY25
- ₹81,000 crore
- Customer Base
- Over 5 million
- Capital Adequacy Ratio
- 19.3% (as of June 2025)