Piramal Finance Limited has secured $350 million in multilateral financing from the International Finance Corporation and the Asian Development Bank, marking the non-banking financial company’s first borrowing from development finance institutions. The company announced the funding today.
The package includes $200 million from IFC and $150 million from ADB under its Sustainable Finance Framework. Both facilities carry a five-year tenor and will be drawn in tranches between January and March 2026.
Piramal Finance is in advanced discussions to raise an additional $150 million from other development finance institutions, which would bring total multilateral funding to $500 million by the end of the fiscal year. The capital will be directed toward affordable housing finance, MSME credit, and lending to women borrowers and entrepreneurs in tier-2 and tier-3 cities.
The fundraising follows the company’s $815 million external commercial borrowing in FY25, comprising a $450 million US dollar bond and $365 million in syndicated bank loans. External commercial borrowings now constitute approximately 9 percent of Piramal Finance’s total borrowings.
Managing Director and CEO Jairam Sridharan said the partnership aligns with the company’s focus on underserved segments and helps diversify its liability structure. The NBFC serves over 5.2 million customers across 13,000-plus pin codes through 517 branches, with assets under management of ₹91,477 crore in Q2 FY26.
The shares of Piramal Finance Limited were trading at ₹1,833.20 down by ₹14.50 or 0.78 per cent on the NSE today at 10.20 am.
Published on January 14, 2026
