Piramal Enterprises Targets 15% AUM Growth to Rs 80,000 Crore in FY25
MUMBAI: Piramal Enterprises, a leading non-bank lender, has set ambitious growth targets for the current fiscal year, aiming to achieve a 15% increase in its assets under management (AUM) to reach Rs 80,000 crore. This announcement was made by Ajay Piramal, Chairman of Piramal Enterprises, during the company’s annual general meeting held on Monday.
In the previous fiscal year, Piramal Enterprises reported an 8% growth in AUM at a consolidated level. Despite challenges, including a significant reduction in the legacy wholesale business, the company remains optimistic about achieving its growth objectives.
Ajay Piramal emphasized the strategic focus on expanding the AUM, highlighting the resilience and adaptability of Piramal Enterprises amidst evolving market conditions. The targeted growth reflects the company’s commitment to enhancing its market position and delivering value to shareholders.
The ambitious growth plan underscores Piramal Enterprises’ confidence in its business strategy and the potential for growth in the non-banking financial sector. The company aims to capitalize on emerging opportunities and strengthen its portfolio across various segments, including retail lending and financial services.
As Piramal Enterprises navigates through economic uncertainties, its proactive approach and strategic initiatives are geared towards sustaining momentum and achieving sustainable growth in the financial year ahead.