The NCLT has approved the merger of Piramal Enterprises Limited (PEL) with its wholly owned subsidiary, Piramal Finance Limited (PFL) on September 10, 2025. With this milestone, Anand Piramal will assume the role of Chairman of Piramal Finance.

Ajay Piramal will continue to chair the Piramal Group. Dr Swati Piramal will continue to serve as Vice Chairperson of the Piramal Group, which comprises Piramal Finance, Piramal Pharma, Piramal Realty and Piramal Foundation.

Since joining in 2019, Anand spearheaded the retail lending platform at Piramal Finance, led the landmark Rs 34,250 crore acquisition of DHFL, and steered the company’s pivot from wholesale real estate lending to a diversified, technology-led NBFC, according to a company statement.

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