15 April 2026: Piramal Finance Limited, a leading retail-focused upper-layer NBFC, announced a significant milestone in its growth journey, crossing ₹1 lakh crore in total Assets Under Management (AUM). The milestone reflects the company’s strong momentum across India’s regional and semi-urban markets, including Tamil Nadu.
Tamil Nadu remains the largest market for Piramal Finance, with a strong loan book supported by 105 branches across major cities, including Chennai, Coimbatore, Madurai, Trichy, Kanchipuram, and Salem. Demand in the state remains robust, particularly for home and business loans, driven by growth in emerging cities and towns.
Over the past four years, Piramal Finance has significantly scaled its distribution network from under 20 branches in FY21 to over 650 branches across 460 cities in 26 states. This expansion has been largely driven by deeper penetration into Tier 2 and Tier 3 markets, including several districts in Tamil Nadu. The company aims to further expand to 1,000 locations nationwide over the next few years, with a continued focus on regional growth markets.
Piramal Finance now targets AUM of ₹1.5 lakh crore by FY28, supported by sustained growth in its retail lending business. As part of its FY27 strategy, the company plans to expand into rural lending and gold loans, further strengthening its presence in underserved markets.
The company’s retail lending business has grown nearly 4x over the past 4 years, making it one of the fastest-growing NBFCs in the country. Its product portfolio has also expanded significantly, from two offerings in FY20 to nearly 20 today, including home loans, loans against property, small business loans, digital personal loans, and used-car finance.
Jairam Sridharan, MD & CEO, Piramal Finance, said:” Crossing ₹1 lakh crore AUM is a testament to the trust our customers have placed in us, particularly across emerging and semi-urban markets. Tamil Nadu continues to be a key growth market for us, driven by strong demand in cities beyond metros. As we scale further, we remain committed to expanding responsible access to credit across Bharat, supported by technology and data-led underwriting.”