Piramal Enterprises’ 100% subsidiary - Piramal Finance (PFL) has sanctioned Rs 400 crore through its vertical - Emerging Corporate Lending (ECL) to fund emerging and mid-market businesses.
ECL has been set up as a sector-agnostic platform and engages with clients across manufacturing, trade and services sectors, offering solutions with ticket size ranging from Rs 10-100 crore. It aims to target Rs 1,000 crore of disbursements by the end of this fiscal.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.