Mumbai, July 5, 2023. Piramal Capital & Housing Finance Limited, widely recognized as Piramal Finance and a wholly owned subsidiary of Piramal Enterprises Limited (‘PEL’), announced the launch of five all-women branches. The branches, named 'Maitreyi', exemplify the Company's unwavering commitment to fostering diversity and providing women with equal opportunities in the workforce.
As part of Piramal Finance's strategic expansion plan, these full-service branches are located in Ajmer Road in Rajasthan, Chattarpur in New Delhi, Mohali in Punjab, Mumbai in Maharashtra, and Tripunithura in Kerala. They will have a dedicated team of 7 - 15 women employees. This approach ensures a diverse and talented workforce that can effectively cater to the needs of customers.
The 'Maitreyi' branches offer a range of services, including home loans and MSME loans, with the potential for additional features based on customer demand and preferences. These locations have been thoughtfully selected to ensure they align with the needs and preferences of customers as well Piramal Finance's overarching business strategy.
‘Maitreyi’ represents a wise, intelligent and knowledgeable lady, embodying the Company's belief in the remarkable talent and potential of women professionals who will shape their own destinies while serving customers' financial needs. The 'Maitreyi' branches represent a significant step towards empowering women and providing them with equal opportunities in the financial services workforce. The company aims to empower women employees and inspire women nationwide, hence emphasizing its commitment to diversity and inclusion, equal opportunities and a diverse workforce.
On the inauguration of ‘Maitreyi’ branch, Jairam Sridharan, Managing Director of Piramal Finance, said,“We are delighted to inaugurate the 'Maitreyi' branches, a significant step towards fostering gender equality and empowering women in the financial services sector. This women-only branch not only demonstrates our commitment to diversity and inclusion but also serves as a testament to the talent and capabilities of women professionals. Through our branches, we aim to provide simplified, efficient, and impactful lending solutions that cater to consumer financing needs."
Piramal Finance is among the largest Housing Finance Companies (HFCs) in the country and offers a variety of loan products, including housing and MSME loans, to cater to the customers of Bharat in medium and small towns in India. It is rapidly expanding its footprint in Tier II and III cities. As on 31st March 2023, the Company has a network of 404 branches across 26 states of India and over 3 million customers. It further aims to be present in 1,000 locations through 500 to 600 branches over the next five years.
