Piramal Capital & Housing Finance Limited, herein referred to as Piramal Finance, the wholly owned subsidiary of Piramal Enterprises Ltd (‘PEL’), announced the appointment of Syed Imtiaz Ahmed as Head of the housing finance business.
Imtiaz joins Piramal Finance from Axis Bank. He comes with over 25 years of deep expertise in retail lending space and is recognized as a thought leader in the mortgage industry. He has a strong demonstrated history of building and scaling a large business, managing a large sales workforce, product development and portfolio management.
Piramal Finance is rapidly expanding its footprint in Tier II and III cities of Bharat. The company’s Innovation coupled with the phygital strategy, has helped develop a multi-product retail-lending platform to enhance its ability to serve the people of Bharat. As PEL successfully completed one year of the DHFL integration journey, the company plans to continue building on the growth momentum. Customer franchise now stands at ~2.2 million out of which 4.5 lakh new customers acquired in Q2 FY22.
At present, the company has a network of 343 branches (from 14 branches pre-merger) in 293 cities and towns across 27 states of India. It aims to be present in 1,000 locations through 500 to 600 branches over the next five years. The company has launched multiple new products, now offering 11 retail products – including launch of branch led personal loan to salaried individuals in tier 2 & 3 towns.
