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Piramal ramps up staff strength of PCHFL; plans to add 2000 jobs

PCHFL acquired DHFL in September 2021 for a total consideration of Rs. 34,250 crore. PCHFL has retained over 3,000 employees of the DHFL Group and are also adding over 2,000 new jobs in the merged entity.

January 29, 2022 / 04:17 PM IST

Piramal Capital & Housing Finance Limited (PCHFL), the wholly-owned subsidiary of Piramal Enterprises Limited, has integrated over 3,000 employees of the erstwhile DHFL Group, the company said on 29 January.

As part of the integration and creating a unified workforce, senior professionals from DHFL will also move to new corporate premises in Mumbai next week, the company added.

Under what it calls 'Project Sangam', the company continues to hire extensively for retail operations pan-India and has rolled out 2,000 offers already in the last three months in the merged entity, the company said.

"This hiring momentum is likely to continue in Q4FY22 and FY23, thereby taking the overall employee strength to over 5000," the company said.