Piramal Enterprises Completed Merger with Piramal Finance

Current Context: On 23 Sept 2025, Piramal Enterprises Ltd. (PEL) completed its merger with Piramal Finance Ltd. (PFL) after NCLT approval.

• PEL shareholders received 1:1 equity shares of PFL, and PEL was delisted from stock exchanges.
• Anand Piramal took charge as Chairman of Piramal Finance, while Jairam Sridharan continues as MD & CEO.
• The merged entity is now an RBI‑regulated NBFC–Investment & Credit Company (NBFC‑ICC).
• With an AUM of ~₹89,000 crore, Piramal Finance will focus on retail and MSME lending (93% of assets).
• The merger streamlines operations, boosts capital efficiency, and strengthens Piramal’s position in India’s financial sector.

Question:

Q.1 Who became the Chairman of Piramal Finance Limited (PFL) after the merger with Piramal Enterprises Ltd. (PEL)?
a) Ajay Piramal
b) Anand Piramal
c) Jairam Sridharan
d) Uday Kotak

Answer: b) Anand Piramal was appointed Chairman, while Jairam Sridharan continued as Managing Director (MD) & Chief Executive Officer (CEO).