Piramal Finance Limited today announced a major expansion in Telangana

HYDERABAD NOV 27 (RNI)  Piramal Finance Limited today announced a major expansion in Telangana, as it targets to achieve 1.5 lakh crore overall AUM by FY28, nationally.

The state remains the most significant market for the company's housing finance and MSME products, with a strong loan book supported by 29 branches across key cities, including 23 branches serving over 51,500 customers. Demand for MSME products in the state is robust.

The company also unveiled the latest phase of its flagship campaign Hum Kaagaz Se Zyaada Neeyat Dekhte Hain, featuring three new films that highlight the aspirations of families and small entrepreneurs across Bharat.  

Piramal Finance’s retail AUM has crossed ₹75,000 crore, reflecting a three and a half times increase in four years. The company aims to surpass ₹1,00,000 crore by the end of FY26. Retail disbursements rose 45 percent during the festive season, driven by demand from semi urban markets for home, personal and business loans. This follows a 32 percent increase in the first half of FY26. The company continues to scale through its High Tech High Touch model, which blends digital solutions with personalised service. 

Jagdeep Mallareddy, CEO - Retail Lending, Piramal Finance Ltd. “As one of the fastest-growing NBFCs with a strong and expanding retail franchise, we see tremendous opportunity in markets like Telangana. Semi-urban and emerging markets continue to drive our growth, and our focus is on delivering simple, transparent, and reliable credit solutions to customers who may not always have traditional paperwork.

Our high-tech, high-touch model ensures we stay deeply connected to real customer needs while scaling responsibly and building long-term trust.” 

Arvind Iyer, Chief Marketing Officer, Piramal Finance Ltd: said. “With this new chapter of Neeyat, we’re continuing to bring forward stories that reflect what we see across our branches every day.

Families and small business owners, whom we speak with every day, come with real aspirations and a strong desire to move forward. These stories capture that spirit, the authenticity, and the optimism that drives them. It also reinforces our approach of engaging with customers openly, understanding their needs, and supporting them with solutions that take the next step with confidence, achieving growth and progress.”

Piramal Finance was recently listed on the NSE and BSE on 7 November 2025. The company serves 5.2 million customers across 13,000 pin codes through 517 branches in 428 cities. Its consolidated AUM has nearly doubled from ₹49,000 crore in FY21 to ₹91,477 crore in Q2 FY26, with retail forming more than 82 percent of the book. 

The company operates more than 45 AI models to strengthen underwriting, collections and customer experience, enabling credit access even for customers without formal credit histories.