Non-banking financial company (NBFC) Piramal Finance, which listed on stock exchanges on Friday, achieved a market capitalisation of around ₹30,000 crore.
The listing followed the merger of Piramal Enterprises Limited (PEL) with its wholly owned subsidiary, Piramal Finance Limited, creating a unified, retail-focused technology-led NBFC. PEL shares were delisted in October.
The shares opened at ₹1,260 on the BSE and quickly rose 5 per cent to hit the upper circuit at ₹1,333.45 apiece, closing at the same level. At the close of trade, the companys market capitalisation stood at ₹30,226.34 crore.
How has Piramal Finances lending business evolved?
Piramal Finance is classified as an upper-layer NBFC. Its assets under management (AUM) have grown from ₹49,000 crore in FY21 to ₹91,477 crore in Q2FY26. The retail portfolio now accounts for over 82 per cent of the total AUM.
The company serves more than 5.2 million customers across 13,000-plus pin codes, with 517 branches in 428 cities. Its product offerings include home loans, loans against property, small business loans, digital personal loans, and used-car loans.
What are Piramal Finance's growth targets post-listing?
"Today's listing marks the beginning of a new chapter for Piramal Finance -- one defined by scale, technology-backed innovation, and a customer-first approach. In just a few years, we've built one of India's strongest AI-powered retail lending platforms, giving us the ability to serve a broader spectrum of Bharats credit needs," said Jairam Sridharan, managing director and chief executive officer, Piramal Finance.
"Our goal is to reach ₹1.5 lakh crore in AUM by FY28 while sustaining industry-leading returns and deepening our pan-India presence. By combining technology with human insight, we aim to build a more inclusive and resilient financial institution for the next decade of Indias growth," he added.
-- Business Standard