Piramal Capital & Housing Finance Limited

Incorporated in 2017, Piramal Capital & Housing Finance Limited is a wholly-owned subsidiary of Piramal Enterprises Limited and part of Ajay Piramal and Family group. Piramal registered as a non-deposit taking housing finance company with the National Housing Bank (NHB) and are engaged in various financial services businesses. The Company provides both wholesale funding opportunities to real estate developers, corporates and SMEs across sectors and retail funding opportunities including housing finance to individual customers. In addition to wholesale lending company's business also focuses on retail lending with a differentiated approach towards risk optimised profitability. Under retail lending the company offer housing finance, LAP, secured business loans, digital purchase finance and digital personal loans. The company provide financing in the housing industry to existing home owners and new home buyers.The company also provide construction finance for residential and commercial projects, and financing to large and mid-sized corporate clients. In real estate, the platform provides financing solutions such as structured debt, construction finance and lease rental discounting to developers and housing finance to home buyers. The wholesale business in non-real estate sector includes separate verticals for the corporate finance group (“CFG”) and emerging corporate lending (“ECL”). CFG provides customized funding solutions to companies across sectors such as infrastructure, renewable energy, industrials, and auto components, while ECL focuses on providing lending services to Small and Medium Enterprises (“SME(s)”). The issue is rated 'CARE AA/Stable' by CARE Ratings Limited and 'ICRA AA' by ICRA Limited. This rating indicates that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. So we give SUBSCRIBE rating to this NCD offer.