The package includes $200 million from IFC and $150 million from ADB under the Sustainable Finance Framework. Both facilities have a term of five years and will be drawn down in tranches between January and March 2026.
Piramal Finance is in advanced talks to raise an additional $150 million from other development finance institutions, which would bring total multilateral financing to $500 million by the end of the fiscal year. The capital will be spent on affordable housing financing, MSME loans and loans to women borrowers and entrepreneurs in tier two and three cities.
The fundraising follows the company’s $815 million in external commercial borrowings in FY25, consisting of a $450 million US dollar bond and $365 million in syndicated bank loans. External commercial loans now constitute about 9 percent of Piramal Finance’s total loans.
Managing Director and CEO Jairam Sridharan said the partnership aligns with the company’s focus on underserved segments and helps diversify its liability structure. The NBFC serves over 5.2 million customers through over 13,000 PINs through 517 branches, with assets under management of ₹91,477 crore in the second quarter of FY26.
Shares of Piramal Finance Limited were trading at ₹1,833.20 at 10.20 am today, down ₹14.50 or 0.78 per cent on the NSE.
Published on January 14, 2026
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