A retail lending push, demerger of the pharma business and some of DHFL’s bad loans coming good are what his hopes are riding on.
A decade. That’s how long it would have taken Piramal Capital and Housing Finance Ltd to build a substantial retail lending business. But armed with lawyers, a new set of executives and the goodwill of India’s top bankers, the financial services arm of Ajay Piramal’s Piramal Enterprises Ltd has leapfrogged its peers in just a few quarters in its quest to build a household brand.
Last June, Piramal Capital and Housing Finance took over Dewan Housing Finance Ltd after its bid was approved by bankers under the Insolvency and Bankruptcy Code process. For Piramal and his long-time lieutenant Khushru Jijina, …
Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai