Piramal Finance listing expected in first half of November: CEO Jairam Sridharan

Jairam Sridharan

The merged entity Piramal Finance Ltd is likely to get listed on the exchanges by the first half of the November, managing director and chief executive director Jairam Sridharan said on October 17.

“We have received most of the approvals. One last thing is required, and then the trading should begin. The trading approval, depending on when can we get that from SEBI, we should be ready. Our expectation is somewhere in the early part of November, we should see the listing of Piramal Finance as a stock,” Sridharan said during the post earnings call while addressing the Moneycontrol’s question.

On September 10, NCLT has approved the merger of Piramal Enterprises Limited with its wholly-owned subsidiary, Piramal Finance Limited.

Anand Piramal has assumed the role of chairman of Piramal Finance following its absorption of parent company Piramal Enterprises, effective from 16 September 2025.

Post merger, Piramal Enterprises shares ceased trading on the exchanges from September 23.
Jairam Sridharan, previously MD of the subsidiary, will serve as the MD & CEO of the merged Piramal Finance.

Sridharan further said that Jagdeep Mallareddy took over as CEO of retail business, Yash Nadkarni as CEO of wholesale lending, Vikash Singhla took over as CFO, and Rupen Jhaveri, who was earlier group president at Piramal Enterprises, has now taken over as group president at Piramal Finance.

In Q2FY26, Piramal Finance net profit rises 101 percent year-on-year to Rs 327 crore, from Rs 163 crore in a year ago period.