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How Piramal Retail Finance plans to serve budget customers of Bharat

How Piramal Retail Finance plans to serve budget customers of Bharat SECTIONS Last Updated: Apr 16, 2021, 10:34 AM IST Share Synopsis After getting into affordable housing, we have since launched our small business lending propositions and have now topped them up with used car product propositions. ET Now Sridharan believes that used cars are a very large opportunity in the country and globally as well. INSIGHTS NSE Jairam Sridharan, CEO of Piramal Retail Finance, talks about the company s newly launched products and how Covid s fresh wave has led to a lot of ifs and buts. Edited excerpts from this interview to ET Now:

Piramal Housing to extend loans to low-income groups across the country

Piramal Housing to extend loans to low-income groups across the country SECTIONS Share Synopsis Piramal has launched used car financing in partnership with Cars24, it has also tied up with Zest for unsecured digital lending, it is also offering small business loans, loans against property besides home loans as part of its retail push. Agencies “We should have another 10-20 partnership with fintechs next one year through the merged entity (DHFL and Piramal Housing),”said Jairam Sridharan, CEO, Piramal Retail Finance. Piramal Housing Finance that s shedding its overweight on builder loans is taking baby steps to become a financial conglomerate, a versatile retail lending platform that would lend to build small sized homes to buy a motorcycle leveraging on its recent tie ups with tech startups.

Piramal Retail Finance ventures into the used-car financing segment

Piramal Retail Finance ventures into the used-car financing segment
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With DHFL buy, Piramal Capital to bring retail loan share to 75% from 11%

Piramal Capital plans to rapidly scale up the share of its retail loan book and bring down wholesale lending, part of the reason why it is acquiring Dewan Housing Finance. Piramal’s total lending book as of now is around Rs 45,000 crore, in which retail is about Rs 5,000 crore, or just about 11 per cent. According to Jairam Sridharan, Chief Executive Officer, Piramal Retail Finance, the plan is to bring up the retail portion to the mid-40 per cent level by the end of this financial year. In the medium term, retail should be around two-third and the wholesale book would be around one-third.

Piramal Retail Finance forays into consumer, used-car loans

April 16, 2021 00:08 IST Updated: April 16, 2021 00:08 IST Updated: Share Article AAA Piramal Retail Finance, a business of Piramal Capital and Housing Finance Ltd, a subsidiary of Piramal Enterprises Ltd., has announced the expansion of its multi-product retail financing platform by foraying into consumer and used-car finance. It will focus on small and mid-towns in India and with DHFL under Piramal’s kitty, it aims to be among to among the top five non-banking financial companies in five years, its CEO Jairam Sridharan said. With the latest product introductions, Piramal Retail now offers seven products in its target markets – affordable housing loans, mass affluent housing loans, loans against property, secured small business loans, purchase finance, unsecured loans and used-car loans.

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