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{{Short description|Housing finance company in Mumbai, India}}
{{Multiple issues|
{{Update|date=April 2024}}
{{COI|date=March 2026}}
}}
{{Use dmy dates|date=May 2018}}
{{Use Indian English|date=May 2018}}
{{Infobox company
| name = Piramal Finance Limited
| logo = Piramal Finance logo.svg
| type = [[Private company|Private]]
| traded_as =
| ISIN =
| industry = Financial services
| founded = {{Start date and age|df=yes|1984|04|11}}
| founder = Rajesh Wadhawan
| hq_location = [[Mumbai]]
| hq_location_city =
| hq_location_country = [[India]]
| key_people = {{ubl|Ajay G. Piramal (Chairman)|Jairam Sridharan (Managing director)|Yesh Nadkarni (CEO)}}
| products = {{Unbulleted list|[[Home Loan]]|Business Loans|Corporate Financing|Non-Housing Loans|[[Deposits]]}}
| services = Financial Services
| operating_income = {{increase}} ₹6,712 crore (2023-24)<ref name="AutoGO-1">{{Cite web|title=Piramal Capital & Housing Finance Limited Annual Report 2023-24|url=https://www.piramalfinance.com/content/dam/piramalfinance/pdf/stakeholder/annual-reports/pchfl-annual-report-2023-24.pdf}}</ref>
| net_income = {{increase}} ₹485 crore (2024-25)<ref name="The Economic Times">{{cite news |last1=Angre |first1=Alekh |title=Piramal Enterprises Q4 Results: Profit falls 25% even as AUM surges 17% |url=https://economictimes.indiatimes.com/markets/stocks/earnings/piramal-enterprises-q4-results-profit-falls-25-even-as-aum-surges-17/articleshow/120967884.cms?from=mdr |access-date=5 June 2025 |work=The Economic Times |date=7 May 2025}}</ref>
| aum = {{increase}} ₹80,689 crore (2025)<ref name="The Economic Times">{{cite news |last1=Angre |first1=Alekh |title=Piramal Enterprises Q4 Results: Profit falls 25% even as AUM surges 17% |url=https://economictimes.indiatimes.com/markets/stocks/earnings/piramal-enterprises-q4-results-profit-falls-25-even-as-aum-surges-17/articleshow/120967884.cms?from=mdr |access-date=5 June 2025 |work=The Economic Times |date=7 May 2025}}</ref>
| num_employees = 12,000+ (2023)<ref name="AutoGO-1"/>
| parent = [[Piramal Group]]
| website = {{URL|www.piramalfinance.com}}
}}

'''Piramal Finance Limited''' (formerly '''Piramal Capital & Housing Finance Limited''' and '''Dewan Housing Finance Corporation Limited (DHFL)''') is a non-banking financial company (NBFC–ICC) regulated by the [[Reserve Bank of India]]. It is a wholly owned subsidiary of [[Piramal Enterprises]]. The company provides retail and wholesale financial services including home loans, loan against property (LAP), MSME loans, used-vehicle financing, and corporate lending. Following the acquisition of DHFL in 2021, the company was rebranded as Piramal Capital & Housing Finance.

The company was established following the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL) by Piramal Capital & Housing Finance Limited (PCHFL) in September 2021. This acquisition was the first successful resolution of a financial services company under the [[Insolvency and Bankruptcy Code, 2016|Insolvency and Bankruptcy Code]] (IBC) in India. The transaction was executed through a [[Reverse takeover|reverse merger]], wherein PCHFL merged into DHFL, and the combined entity became a wholly owned subsidiary of Piramal Enterprises.<ref name="lv">{{Cite news |date=29 September 2021 |title=Piramal Group completes DHFL acquisition in total consideration of ₹34,250 crore |url=https://www.livemint.com/companies/news/piramal-group-completes-dhfl-acquisition-pays-rs-34-250-cr-as-total-consideration-11632892698017.html?utm_source=chatgpt.com |access-date=4 June 2025}}</ref>{{AI-retrieved source|date=March 2026|checked=no}}

In April 2025, the [[Reserve Bank of India]] (RBI) approved the company's transition from a Housing Finance Company (HFC) to a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC) and subsequently rebranded as Piramal Finance Limited.<ref>{{cite news |title=Piramal Capital gets RBI nod to operate as NBFC-ICC - CNBC TV18 |url=https://www.cnbctv18.com/market/stocks/piramal-capital-rbi-nod-to-operate-nbfc-icc-to-exit-housing-finance-business-19585590.htm |access-date=4 June 2025 |work=CNBCTV18 |date=7 April 2025 |language=en}}</ref>

== History ==
The company was originally started as DHFL by Rajesh Kumar Wadhawan on 11 April 1984. The name of the company was changed to Dewan Housing Development Finance Ltd. and later to Dewan Housing Finance Corporation.<ref>{{Cite web|url=http://www.moneycontrol.com/company-facts/dewanhousingfinancecorporation/history/DHF#DHF|title=Dewan Housing Finance Corporation > Company History > Finance - Housing > Company History of Dewan Housing Finance Corporation - BSE: 511072, NSE: DHFL|website=moneycontrol.com|access-date=2018-02-01}}</ref>

In 2010, DHFL acquired [[Deutsche Postbank|Deutsche Postbank Home Finance]] unit for ₹1079 crores.<ref>{{Cite news|url=http://www.business-standard.com/article/companies/dhfl-buys-deutsche-postbank-s-unit-for-rs-1-079-crore-110120200037_1.html|title=DHFL buys Deutsche Postbank's unit for Rs 1,079 crore|agency=Press Trust of India|date=2010-12-02|work=Business Standard India|access-date=2018-02-01}}</ref> On 18 December 2013, DHFL acquired 74% stake DHFL Pramerica Life Insurance Company Ltd.<ref>{{Cite web|url=http://www.dhfl.com/wp-content/uploads/2014/06/DHFL-and-Prudential-Financial-Inc.-complete-ownership-transfer-of-life-insurance-joint-venture-in-India1.pdf|title=DHFL and Prudential Financial, Inc. complete ownership transfer of life insurance joint venture in India}}</ref>

On 29 January 2019, Cobrapost, an Indian investigative journalist group, published an exposé of DHFL for using various shell corporations to siphon more than ₹ 31,000 crores of public money for the personal gains of the DHFL's primary stakeholders: Kapil Wadhawan, Aruna Wadhawan and Dheeraj Wadhawan.<ref name="web.archive.org">{{cite web |url=https://cobrapost.com/blog/press-realise-dhfl-l/1374 |title=:: Cobrapost :: |website=cobrapost.com |access-date=15 January 2022 |archive-url=https://web.archive.org/web/20190129141356/https://cobrapost.com/blog/press-realise-dhfl-l/1374 |archive-date=29 January 2019 |url-status=dead}}</ref> In the same article, Cobrapost also raised allegations of political donations worth crores of rupees, in violation of Section 182 of Companies Act, 2013 for political donations.<ref name="web.archive.org"/> DHFL filed a response with the [[Bombay Stock Exchange]] saying the allegations raised by Cobrapost were untrue. DHFL, also rebutted these allegations in a hosted investors / analysts conference and clarified that the ₹ 31,000 crore loans mentioned in the allegation consist of its project loan portfolio. Also the company tried to clarify that the advances commented by Cobrapost should be ₹ 21,000 Crores and not ₹ 31,000 crores. Following the Cobrapost allegations, Indian credit rating agencies reaffirmed their high safety rating for the financial instruments issued by DHFL.<ref>{{Cite news|url=https://timesofindia.indiatimes.com/india/news-portal-alleges-rs-31000-crore-fraud-by-home-finance-company-dhfl/articleshow/67748033.cms|title=News portal alleges Rs 31,000 crore fraud by home finance company DHFL - Times of India ►|website=The Times of India|date=30 January 2019 |access-date=2019-02-05}}</ref>

Even after the emergence of serious allegations of misconduct against its business, the Indian credit rating agencies continued to issue high safety ratings for the DHFL financial products, but, on 6 June 2019, DHFL defaulted on its debt repayment, resulting in a debt rating downgrade, immediately wiping out 16% of the value from its stock price. At the time, the fall in DHFL stock price was an all year low. This rapid decline in stock price resulted in a loss of investor confidence.<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/markets/dhfl-tanks-16-after-rating-downgrade-what-should-investors-do-4067641.html|title=DHFL tanks 16% after rating downgrade; what should investors do?|website=Moneycontrol|date=6 June 2019 |access-date=2019-06-07}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/mf/mf-news/debt-funds-take-a-tumble-as-dhfl-slips-on-payment/articleshow/69670067.cms|title=Debt mutual funds take a tumble as DHFL slips on payment|last=Mahesh|first=Prashant|date=2019-06-07|work=The Economic Times|access-date=2019-06-07}}</ref>

On 20 November 2019, the Reserve Bank of India removed the board of directors of the company citing corporate governance failure and the company's defaulted payment obligations.<ref>{{Cite web|url=https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=48684|title=Reserve bank of India - Press Release}}</ref>

===2021: Acquisition by Piramal===
Piramal Finance Limited was established following the acquisition of Dewan Housing Finance Corporation Limited (DHFL) by Piramal Capital & Housing Finance Limited (PCHFL), a wholly owned subsidiary of Piramal Enterprises Limited. The acquisition was completed in September 2021 under the Insolvency and Bankruptcy Code (IBC), with a total consideration of ₹34,250 crore. It marked the first resolution of a financial services company through the IBC process in India.<ref name="lv" />

As part of the resolution plan, PCHFL was merged into DHFL through a reverse merger structure. The merged entity continued operations under the name Piramal Capital & Housing Finance Limited and expanded its presence in the retail lending segment, leveraging DHFL's existing branch network and customer base.<ref name="lv" />

In April 2025, the Reserve Bank of India (RBI) approved the company's transition from a Housing Finance Company (HFC) to a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC).<ref>{{cite news |date=8 April 2025 |title=Piramal Capital receives RBI nod to operate as NBFC-ICC |url=https://www.financialexpress.com/business/banking-finance-piramal-capital-receives-rbi-nod-to-operate-as-nbfc-icc-says-will-exit-housing-finance-biz-3801692/#:~:text=%E2%80%9CWe%20wish%20to%20inform%20you,of%20Non%2Dbanking%20Financial%20Institution%E2%80%93 |access-date=4 June 2025 |work=Financialexpress |language=en}}</ref> Subsequently, the company surrendered its HFC license and was renamed Piramal Finance Limited. Following this regulatory shift, the company relinquished its HFC license and was renamed Piramal Finance Limited. This reclassification aligns with its strategic focus on expanding retail and MSME lending across India.

In May 2025, Piramal Enterprises Limited announced a proposed [[Mergers and acquisitions|merger]] of Piramal Finance Limited with the parent entity.<ref>{{cite news |title=Piramal Enterprises to merge Piramal Finance with parent entity. |url=https://www.business-standard.com/companies/news/piramal-enterprises-to-merge-with-unlisted-housing-finance-arm-for-listing-124050900314_1.html |access-date=4 June 2025 |publisher=business-standard.com}}</ref>

=== 2025: Developments ===
In May 2025, Piramal Enterprises announced a proposed merger of Piramal Finance into the parent company to streamline operations and improve capital efficiency.<ref>{{cite news |date=16 May 2025 |title=Piramal Enterprises approves merger of Piramal Finance |url=https://economictimes.indiatimes.com/industry/banking/finance/piramal-enterprises-approves-merger-of-piramal-finance/articleshow/110512983.cms |work=The Economic Times}}</ref>

== Operations ==
As of August 2024, Piramal Finance operated more than 500 branches across 500+ cities in India, serving over 4.7 million customers.<ref>{{cite web |title=About Us – Piramal Finance |url=https://www.piramalfinance.com/about-us |access-date=14 June 2025}}</ref>

The company provides financial products including home loans, loan against property, MSME loans, used vehicle finance, and working capital solutions. It also partners with public and private sector banks under co-lending models. In April 2025, Piramal Finance entered a co-lending partnership with [[ICICI Bank]] targeting rural and semi-urban borrowers.<ref>{{cite news |date=12 April 2025 |title=ICICI Bank and Piramal Finance partner for co-lending |url=https://www.livemint.com/industry/banking/icici-bank-and-piramal-finance-partner-for-co-lending-11690543260948.html |work=Mint}}</ref>

==Products and services==
Piramal Finance Limited provides financial services across retail, MSME, and corporate segments. Its offerings include home loans, personal loans, used vehicle finance, and business loans, primarily targeting underserved markets through branch and digital channels. The company also participates in affordable housing initiatives under government schemes such as the Pradhan Mantri Awas Yojana (PMAY).<ref>{{cite web |url=https://www.piramalfinance.com/ |title=Piramal Finance: Home, Business, LAP and Personal Loans |website=Piramal Finance |access-date=5 June 2025}}</ref> While it previously had a wholesale lending portfolio, its current focus is on expanding retail operations. Piramal Finance has also entered co-lending partnerships, including a 2025 collaboration with ICICI Bank to improve credit access in rural and semi-urban areas.<ref>{{cite web |url=https://bfsi.economictimes.indiatimes.com/news/nbfc/piramal-finance-and-icici-bank-join-hands-for-co-lending/120096243 |title=Piramal Finance and ICICI Bank join hands for co-lending partnership |website=ET BFSI |date=3 April 2025 |access-date=5 June 2025}}</ref>

==Subsidiaries==
===Pramerica life insurance===
Pramerica Life Insurance Limited is a joint venture between Piramal Capital and Housing Finance Limited (PCHFL) and Prudential International Insurance Holdings Ltd., a subsidiary of Prudential Financial, Inc., USA.<ref>{{cite web |title=DHFL owes ₹87,000 crore to banks and bondholders, including State Bank of India, Life Insurance Corp. of India, Union Bank of India and many other foreign and domestic lenders. |date=4 January 2021 |url=https://www.hindustantimes.com/business-news/oaktree-s-bid-for-dhfl-s-insurance-biz-faces-hurdle/story-akw9C7todTSgg2zDPTdI4N.html |publisher=[[Hindustan Times]]}}</ref> The company was established on September 1, 2008, as [[DLF (company)|DLF]] Pramerica Life Insurance Company Ltd. joint venture between DLF Limited & [[Prudential Financial]].<ref>{{cite web |title='Pramerica Life targets Rs 3,000-crore GWP in FY26,' Pankaj Gupta |url=https://www.financialexpress.com/money/pramerica-life-targets-rs-3000-crore-gwp-in-fy26-pankaj-gupta-3796945/ |publisher=[[The Financial Express (India)|Financialexpress]] |language=en |date=3 April 2025}}</ref>

==Legal matters and controversies==

=== SEBI insider-trading investigation ===
In 2024, the [[Securities and Exchange Board of India]] concluded a settlement with the former managing director of Piramal Capital & Housing Finance and associated parties in relation to an investigation into alleged [[insider trading]] in shares of [[Piramal Group|Piramal Enterprises]].<ref>{{cite news |title=Former Piramal Capital MD settles SEBI insider trading case |work=The Times of India |date=2024 |url=https://timesofindia.indiatimes.com/city/mumbai/piramal-capital-housing-finance-md-settles-sebi-probe/articleshow/112026867.cms |access-date=17 March 2026}}</ref> The settlement involved the payment of approximately ₹43.5 crore without admission or denial of wrongdoing under SEBI's settlement mechanism.<ref>{{cite news |title=Piramal co MD, two others pay RS 44 crore to settle Sebi probe |url=https://timesofindia.indiatimes.com/city/mumbai/piramal-co-md-two-others-pay-rs-44-crore-to-settle-sebi-probe/articleshow/112026968.cms |access-date=17 March 2026 |work=The Times of India |date=26 July 2024}}</ref>

=== Financial irregularities and probes against DHFL ===
In 2019, DHFL stopped payment of bonds and defaulted on its loan obligations. This caused its stock to fall over 97% and a government intervention in the company.<ref>{{Cite web|url=https://www.businesstoday.in/markets/company-stock/dewan-housing-finance-share-price-falls-icra-crisil/story/354114.html|title=Why Dewan Housing Finance share price fell up to 15% in early trade today|website=businesstoday.in|date=6 June 2019 |access-date=2019-07-25}}</ref><ref>{{Cite web|url=https://www.livemint.com/companies/news/dhfl-puts-fresh-deposits-and-renewals-on-hold-halts-pre-mature-withdrawals-1558460507432.html|title=DHFL puts fresh deposits and renewals on hold, halts pre-mature withdrawals|last=Borate|first=Neil|date=2019-05-21|website=Mint|language=en|access-date=2019-07-25}}</ref><ref>{{Cite web|url=https://www.livemint.com/market/stock-market-news/dhfl-shares-slump-20-after-halting-fresh-public-deposits-1558497975452.html|title=DHFL falls nearly 10% as company stops accepting fresh deposits, halts renewals|last=Borate|first=Ravindra N. Sonavane, Neil|date=2019-05-22|website=Mint|language=en|access-date=2019-07-25}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/companies/govt-launches-probe-against-dhfl-issue-may-hit-sector-investment-119013101503_1.html|title=Govt launches probe against DHFL, issue may hit sector investment|last=Roy|first=Anup|date=2019-01-31|work=Business Standard India|access-date=2019-07-25}}</ref><ref>{{Cite web|url=https://www.businesstoday.in/markets/company-stock/yes-bank-share-price-crashes-rs-1506-crore-net-loss-in-q4/story/341809.html|title=YES Bank share price loses 30% on surprise Rs 1,506-crore net loss in Q4|website=businesstoday.in|date=30 April 2019 |access-date=2019-07-25}}</ref>

In August 2019, as efforts to draft a resolution plan by restructuring DHFL debt into equity, a few of the DHFL bond holders moved to the debt recovery tribunal, which could impact the resolution process.<ref>{{Cite web|url=https://www.livemint.com/industry/banking/use-of-insolvency-code-in-dewan-housing-will-expedite-resolution-process-1569212343590.html|title=Use of insolvency code in Dewan Housing will expedite resolution process|last=Ghosh|first=Shayan|date=2019-09-23|website=Mint|language=en|access-date=2019-09-23}}</ref> The company meanwhile offered to repay all investors in full with due process of inter-creditor-agreement.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/dhfl-offers-to-repay-investors-in-full-but-seeks-nod-for-ica/articleshow/71344455.cms|title=DHFL offers to repay investors in full, but seeks nod for ICA|last1=Das|first1=Saikat|date=2019-09-28|work=The Economic Times|access-date=2019-09-28|last2=Rebello|first2=Joel}}</ref>

In October 2019, the [[Enforcement Directorate]] conducted raids at several places of DHFL offices and promoter residences and found links of money laundering activity in loans given to firms closely linked to the promoters of the company.<ref>{{Cite web|url=https://indianexpress.com/article/business/companies/debt-laden-dhfl-loaned-to-firms-tied-to-its-promoters-ed-probe-6079523/|title=Debt-laden DHFL loaned to firms tied to its promoters: ED probe|date=2019-10-21|website=The Indian Express|language=en-IN|access-date=2019-10-21}}</ref> Additionally the trail of the loan given by DHFL to Sunblink real estate in 2010 lead to gangster Iqbal Mirchi, an accomplice of the organized crime mastermind Dawood Ibrahim.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/politics-and-nation/dhfl-lent-rs-2186-crore-to-company-under-lens-for-mirchi-links-ed-investigations-reveal/articleshow/71623886.cms|title=DHFL News: DHFL lent Rs 2,186 crore to company under lens for Mirchi links, ED investigations reveal|newspaper=The Economic Times}}</ref>

On 20 November 2019, under Section 45-IE (I) of the Reserve Bank of India Act, 1934, the Indian central bank removed the board of directors of Dewan Housing Finance Corporation Limited (DHFL). The reasons cited by the banking regulator for the dismissal of the DHFL board of directors were: inadequate governance and the various defaults on its payment obligations.<ref>{{Cite web|url=https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=48684|archive-url = https://web.archive.org/web/20200213085754/https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=48684|archive-date = 13 February 2020|title = Reserve Bank of India - Press Releases}}</ref>

On 27 January 2020, the promoter of DHFL, Kapil Wadhawan was arrested under the Prevention of Money Laundering Act (PMLA). The arrest was connected to his firm's alleged involvement in providing loans to the organized criminal enterprise of Dawood Ibrahim.<ref>{{Cite web|url=https://www.hindustantimes.com/india-news/dhfl-promoter-kapil-wadhawan-arrested-in-iqbal-mirchi-money-laundering-case/story-Pdouu5NbIzEhn6c27YD3cM.html|archive-url = https://web.archive.org/web/20200214184318/https://www.hindustantimes.com/india-news/dhfl-promoter-kapil-wadhawan-arrested-in-iqbal-mirchi-money-laundering-case/story-Pdouu5NbIzEhn6c27YD3cM.html|archive-date = 14 February 2020|title = DHFL promoter Kapil Wadhawan arrested in Iqbal Mirchi money laundering case|date = 27 January 2020}}</ref> On 22 February 2020, the PMLA court granted bail to Kapil Wadhwan. The Bombay high court upheld the bail decision by PMLA court, rejecting Indian [[Enforcement Directorate]] requests to stay the bail application.<ref>{{Cite web|url=https://www.hindustantimes.com/mumbai-news/cricket-matches-in-wankhede-to-disrupt-normal-traffic-in-south-mumbai/story-3azJrE5TQE5g7DF7oVOosJ.html|title = Cricket matches in Wankhede to disrupt normal traffic in South Mumbai|date = 8 March 2020}}</ref>

The ED has linked [[Yes Bank]] for various fraud and transactions amounting to 3700 crores as debentures in DHFL. The central bank appointed administrator at Dewan Housing Finance (DHFL) has ordered a transaction audit at the non-bank lender after allegations of money laundering surfaced in the aftermath of the regulatory action on Yes Bank.<ref>{{Cite web|url=https://www.ndtv.com/india-news/yes-bank-founder-rana-kapoors-wife-daughter-charged-by-cbi-in-alleged-bribery-case-2192282|title=Crisis-Hit Yes Bank Founder Rana Kapoor's Wife, Daughters Charged By CBI|website=NDTV.com|access-date=2020-03-13}}</ref>

On 24 March 2021, [[Central Bureau of Investigation|CBI]] filed a new suit against DHFL and its promoters Kapil Wadhawan and Dheeraj Wadhawan, wherein the later were accused of syphoning off the welfare subsidy fund of [[Pradhan Mantri Awas Yojana]] by creating 260,000 fake home loan accounts under the same scheme under the guise of a non-existent branch.<ref>{{Cite web|last=|first=|date=2021-03-24|title=CBI books DHFL over fake accounts created in PMAY|url=https://www.livemint.com/companies/news/cbi-books-dhfl-over-fake-accounts-created-in-pmay-11616608277393.html|access-date=2021-03-25|website=mint|language=en}}</ref><ref>{{Cite web|title=DHFL Share Price Hits Lower Circuit After CBI Books Promoters For Creating Fake Accounts|url=https://www.moneycontrol.com/news/business/stocks/dhfl-share-price-hits-lower-circuit-after-cbi-books-promoters-for-creating-fake-accounts-6691161.html|access-date=2021-03-25|website=Moneycontrol|date=25 March 2021 }}</ref> The suit says, fake loans were granted worth ₹14,046 crore of which ₹11,755.79 crore were routed to shell corporations and citing these loans, subsidy amounts were claimed under [[Pradhan Mantri Awas Yojana]].<ref>{{Cite web|date=2021-03-24|title=CBI books DHFL for creating over 2 lakh fake home loan accounts under PMAY|url=https://www.hindustantimes.com/india-news/cbi-books-dhfl-for-creating-over-2-lakh-fake-home-loan-accounts-under-pmay-101616592758747.html|access-date=2021-03-25|website=Hindustan Times|language=en}}</ref><ref>{{Cite web|title=DHFL directors availed thousands of crores through fake loan accounts under PMAY: CBI|url=https://www.businesstoday.in/current/economy-politics/dhfl-directors-availed-thousands-of-crores-through-fake-loan-accounts-under-pmjay-cbi/story/434782.html|access-date=2021-03-25|website=www.businesstoday.in|date=24 March 2021 }}</ref>

In September 2025, the [[Enforcement Directorate]] (ED) attached DHFL assets worth {{INRConvert|186|c}} in a bank fraud case.<ref>{{Cite web |date=2025-09-10 |title=DHFL loan fraud case: ED attaches assets worth ₹185.84 cr |url=https://www.hindustantimes.com/cities/mumbai-news/dhfl-loan-fraud-case-ed-attaches-assets-worth-185-84-cr-101757445066053.html |access-date=2025-09-10 |website=Hindustan Times |language=en}}</ref>

== References ==
{{reflist}}{{Financial services in India}}

[[Category:Housing finance companies of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Piramal Finance - Revision history

KiraHutchinson4: starting some data from scratch.