Piramal Group charts growth path for financial services business

'We are on track to achieve retail loan disbursements of Rs 2,500 cr-3,500 cr in Q3FY23,' which is 5-7 times of pre-merger levels, says Piramal Group chairman Ajay Piramal

With the acquisition of debt-ridden DHFL, Piramal Group has put in place a growth trajectory and is aiming at loan disbursement of about Rs 3,500 crore in the third quarter of this fiscal.
 

Sharing the growth strategy with shareholders in the annual general meeting on Friday, Piramal Group chairman Ajay Piramal said the financial services arm is planning to expand the branch network further by adding 100 branches in FY23.
 

Piramal Finance is looking to expand its product suite by launching new differentiated higher-yielding products and new partnerships with fintech and consumer tech firms to acquire customers at scale and