The National Company Law Tribunal (NCLT) approved the merger of Piramal Enterprises Limited (PEL) with its wholly owned subsidiary, Piramal Finance Limited (PFL), on September 10, 2025, according to a statement.

Following the approval, Anand Piramal will assume the role of Chairman of Piramal Finance, while Ajay Piramal will continue to chair the Piramal Group (comprising Piramal Finance, Piramal Pharma, Piramal Realty, and Piramal Foundation), providing strategic vision and oversight across businesses. Swati Piramal will continue to serve as Vice Chairperson of the Group.

Jairam Sridharan, previously MD of the subsidiary, will serve as the MD & CEO of the merged Piramal Finance. During his tenure, the retail business grew from a ₹5,300 crore book to nearly ₹72,000 crore in four years, w

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