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Piramal Enterprises Ltd. intends to ramp up growth to 15% and boost its assets under management to Rs 80,000 crore in the current financial year, according to the company's chairman Ajay Piramal. The company reported an 8% increase in its AUM at a consolidated level in the last fiscal. Piramal Enterprises aims to boost its AUM, even with a significant reduction in the legacy wholesale business.At present, 70% of the overall AUM comprises retail loans, which the company considers as the "growth business", he said and added that recently it crossed the Rs 50,000-crore milestone as well. The chairman further said that the overall AUM will nearly double to Rs 1.5 lakh crore by the end of FY28 from the Rs 80,000-crore target that has been set for end-FY25.

Piramal Enterprises Aims To Increase AUM To Rs 80,000 Crore By FY25

The company's consolidated revenue from operations rose 16% year-on-year to ₹2,473 crore in the quarter, compared to ₹2,131.7 crore in the same quarter last fiscal. The company total assets under management (AUM) rose 8% YoY, led by its growth in business.

On AUM growth and AUM mix, the company is running ahead of the medium term guidance, it said in a statement.

The Board has approved the composite scheme of arrangement for merger of Piramal Enterprises Ltd. with its 100% subsidiary Piramal Capital and Housing Finance Limited (PCHFL); and renaming PCHFL as Piramal Finance Ltd (PFL).

As part of the merger consideration, PEL shareholders, in lieu of every one equity share of PEL, will get one equity share of PFL and subject to RBI approval, one NCRPS (non-convertible non-cumulative non participating redeemable preference

Piramal Enterprises Q4 Results: Firm posts ₹137-crore net profit, declares ₹10 dividend

The lending business of the group in the past had a primary focus on real estate credit, resulting in high industry concentration and sizable single-borrower exposures. exposure towards top 20 wholesale group borrowers, as a percentage of overall wholesale loan portfolio remained high at 41% as on September 30, 2023.

In the first half of fiscal 2024, the PEL group reported profit before tax of Rs 713 crores, which was majorly driven by gain on sale of investments in the Shriram group, amounting to Rs 855 crores.


The Issuer has made timely interest payments

Mr Ajay Piramal, Chairman

Capitalisation profile of the PEL group remains strong, backed by a networth base of Rs 28,710 crores as on September 30, 2023, and a gross gearing of 1.7x. High networth has been backed by periodic capital accretions as the group had raised about Rs 18,500 crores in fiscals 2020 and 2021.

The group on a consolidated basis has a healthy market position in the real estate financing space, having significantly scaled up over the past few years. It also benefits from presence across related segments.


9.35%Piramal Enterprises Limited 27 Feb 2026

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INE140A07799

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Piramal Enterprises Aims To Increase AUM To Rs 80,000 Crore By FY25

Piramal Enterprises Q4 Results: Firm posts ₹137-crore net profit, declares ₹10 dividend

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