Piramal Enterprises aiming to increase AUM to Rs 1 trillion in 4 years

Two-thirds of AUM book to be from consumer business, says Piramal Finance MD

Piramal Enterprises Limited aims to increase its assets under management to around Rs 1 trillion within four years, with the consumer business seen rising to Rs 70,000 crore from around Rs 25,000 crore at present, Piramal Capital and Housing Finance MD Jairam Sridharan said.

Piramal Capital & Housing Finance is a wholly owned subsidiary of Piramal Enterprises Limited.

“From an AUM standpoint, our stated goal to the market is that in the medium term -four years or thereabouts, at an overall Piramal level, we’ve said that we want to be a book of a little over Rs 1 trillion with about two-thirds