Motilal Oswal: Piramal Enterprises’ Consumer Finance Segment To Be The Next Growth Driver
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Motilal Oswal Report
To get an update on the recently-launched consumer finance segment, we interacted with Mr Jairam Sridharan – Chief Executive Officer, Consumer Finance, Piramal Enterprises Ltd. Key insights:
The company launched four retail lending products in November 2020 – loan against property, affordable housing finance, mass housing finance, and small business loans.
It also plans to reduce the focus on affluent housing finance. The idea is to have products that banks typically do not focus on and where non-banking financial companies have higher pricing power due to their niche capabilities.
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