Piramal Enterprises’ wholly-owned subsidiary -- Piramal Finance (PFL) has received a Certificate of Registration (CoR) from Reserve Bank of India (RBI) to commence its business of Non-banking Financial Institution-Investment and Credit Company (NBFC-ICC) without accepting public deposits.
Consequently, PFL will stop conducting its business as a Housing Finance Company (HFC) and has accordingly surrendered the HFC Certificate of Registration.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.
