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Piramal Finance
Indian non-banking financial company
Piramal Finance
Piramal Finance Limited (PFL) is an Indian non-banking financial company (NBFC) with its headquarters in Mumbai. It is the financial services arm of the Piramal Group and became the group's primary financial services company following a corporate restructuring completed in September 2025. The company originated as Piramal Capital & Housing Finance Limited (PCHFL). In 2021, PCHFL acquired Dewan Housing Finance Corporation (DHFL) through insolvency proceedings under the Insolvency and Bankruptcy Code. After the acquisition, the two companies were merged, and the combined business continued under the PCHFL name before being renamed Piramal Finance Limited. In April 2025, the Reserve Bank of India (RBI) reclassified the company from a Housing Finance Company (HFC) to an Investment and Credit Company (NBFC-ICC). The RBI places it in the upper layer of its scale-based regulatory framework for NBFCs. In September 2025, its parent company, Piramal Enterprises Limited (PEL), merged into it, making...
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