Piramal Finance has demonstrated robust financial performance in the first half of the fiscal year, positioning itself well to achieve its long-term goals. The company's recent financial results highlight its strong growth trajectory and strategic execution.

Key Financial Highlights

Growth and Performance

Piramal Finance has reported a consolidated profit of ₹603.00 crore for the first half of the current fiscal year. This performance puts the company on a solid footing to pursue its future financial targets.

The company's total Assets Under Management (AUM) have shown impressive growth, increasing by 37.00% year-over-year. This growth rate has already surpassed the company's future target of 30.00%, indicating strong business momentum and effective strategy implementation.

H1 Performance

In the first half of the fiscal year, Piramal Finance's overall AUM grew by 22.00% compared to the same period in the previous year. This growth rate aligns well with the company's full-year growth target of 25.00%, suggesting that Piramal Finance is on track to meet or potentially exceed its annual objectives.

Outlook

The strong performance in H1 and the company's progress towards its future targets indicate Piramal Finance's robust business model and effective growth strategies. The company's ability to outperform its AUM growth targets while maintaining solid profit levels suggests a balanced approach to expansion and profitability.

As Piramal Finance continues to execute its growth plans, investors and market observers will likely keep a close watch on the company's ability to maintain this growth trajectory and achieve its projected targets for the future.

Piramal Finance Limited has initiated a postal ballot process to seek shareholder approval for the appointment of four new directors to its board. The company, formerly known as Piramal Capital & Housing Finance Limited, aims to strengthen its leadership team with a mix of executive and independent directors.

Proposed Appointments

The four proposed appointments include:

1. Ms. Shikha Sharma as Non-Executive Director
2. Ms. Anjali Bansal as Independent Director
3. Mr. Rajiv Mehrishi as Independent Director
4. Mr. Asheet Lalit Mehta as Independent Director

Voting Process

Piramal Finance has set up an e-voting system for shareholders to cast their votes on these appointments. The e-voting period is scheduled as follows:

The results of the postal ballot are expected to be announced by December 23, 2025.

Director Profiles

Shikha Sharma

Former CEO of Axis Bank with extensive experience in banking and insurance.

Anjali Bansal

Founding Partner of Avaana Capital and former Non-Executive Chairperson of Dena Bank.

Rajiv Mehrishi

Retired IAS officer who has served in key posts in both Union and Rajasthan governments.

Asheet Lalit Mehta

Senior Partner Emeritus of McKinsey & Company with deep expertise in financial services.

All proposed independent directors are set to serve for a term of five consecutive years, from September 24, 2025, to September 23, 2030, subject to shareholder approval.

The addition of these experienced professionals to Piramal Finance's board aims to bring diverse perspectives and expertise to guide the company's future strategies and operations in the financial services sector.