We are a young, large NBFC and that makes us unique: Piramal Finance CEO

We are a young, large NBFC and that makes us unique: Piramal Finance CEO

Piramal Finance CEO Jairam Sridharan on November 7 said that the NBFC is a young, large NBFC and that makes it unique.

"There are young, small NBFCs and there are mature large NBFCs. We are a young, large NBFC, which makes us unique," he said at the listing event of Piramal Finance at NSE in Mumbai.

The shares of Piramal Finance listed at Rs 1,260 apiece on NSE on November 7 after its merger with Piramal Enterprises. The IPO-less market debut marks a 12% premium over the discovered price of Rs 1,124.20 apiece.

Sridharan said that the company has four strong pillars - "the legacy that we carry, teams that we have across the country and their ability to execute, execution rigor, and connection with our customer".

"We have grown in the retail and wholesale 2.0 business 4x in 4 years, from Rs 20,000 crore to Rs 80,000 crore," he added.

Last month, the non-bank lender reported a two-fold jump in its net profit to Rs 327 crore for the second quarter of the 2025-26 financial year.

Its core net interest income jumped 29% to Rs 1,132 crore on the back of a 1.04% expansion in the net interest margin to 6.1% and a 22% jump in the assets under management during the quarter.