CRISIL AA+ Rating Boosts Piramal Finance, Cuts Funding Costs

• Piramal Finance secured a new AA+ long-term credit rating from CRISIL, distinct from existing AA ratings.
• MD & CEO Jairam Sridharan expects this to gradually reduce funding costs by 50-80 basis points.
• The company has strong capital adequacy (20.5%) and no immediate need for capital raise or equity dilution.
• Piramal Finance remains on track for 25%+ AUM growth and 7% NIM by FY27, supported by the new rating.
• Exited Shriram Life Insurance; holds stakes in Shriram General and Pramerica Life, awaiting optimal valuations for divestment.

Why It Matters: Piramal Finance's new CRISIL AA+ rating is set to lower borrowing costs and support growth targets.