The company has 14 full-service branches in Hyderabad and 25 branches in Telangana and plans to expand its presence in the near future
HYDERABAD, FEBRUARY 22, 2024: Piramal Capital & Housing Finance Limited, widely recognized as Piramal Finance and a wholly owned subsidiary of Piramal Enterprises Limited (‘PEL’), on Thursday announced the launch of its first all-women branch in Hyderabad at Kura Homes Pvt Ltd, S.D Road, Near Clock Tower, Secunderabad. The branch has been inaugurated by Parneet Soni, Head-HR, Piramal Finance.
The ‘Maitreyi’ branch in Secundarabad in Hyderabad will offer a range of services, including home loans and MSME loans, with the potential for additional features based on customer demand and preferences. This branch is part of Piramal Finance’s strategic expansion plan, which includes opening branches in key cities like Ajmer Road in Rajasthan, Mohali in Punjab, Tripunithur in Kerala, Chattarpur in New Delhi and Mumbai in Maharashtra. These locations have been thoughtfully selected to ensure they align with the needs and preferences of our valued customers, as well as to support Piramal Finance’s overarching business strategy and cater to our target markets.
With the addition of new branches, Piramal Finance now has 14 full-service branches in Hyderabad and 25 branches in Telangana covering markets like Warangal, Karim Nagar, Nizamabad, Khammam etc. With this, the company is looking at a 500-600 strong branch network across 1,000 locations as it expands to small towns in India.
Appropriately named ‘Maitreyi,’ this branch exemplifies the company’s unwavering commitment to fostering diversity and providing women with equal opportunities in the workforce. ‘Maitreyi’ holds great significance as it represents a wise, intelligent and knowledgeable lady, embodying the company’s belief in the remarkable talent and potential of women professionals who will shape their own destinies while serving customers’ financial needs.
With the inauguration of the ‘Maitreyi’ branch in Hyderabad, Piramal Finance aims to inspire women nationwide and promote diversity, inclusion, and equal opportunities. By establishing a branch entirely managed by women employees, the company showcases its belief in the talent and capabilities of women professionals and their contribution to the growth of the organization.
Each ‘Maitreyi’ branch has a dedicated team of 7 – 15 women employees, consisting of both internal transfers and new hires. This approach ensures a diverse and talented workforce that can effectively cater to the needs of customers.
On the inauguration of ‘Maitreyi’ branch, Jairam Sridharan, Managing Director of Piramal Finance, said, ” We are pleased to inaugurate the ‘Maitreyi’ branch in Hyderabad, marking a significant stride in line with this year’s UN focus on women’s role in forging a sustainable future. This women-only branch not only underscores our commitment to diversity and inclusion but also serves as a testament to the talent and capabilities of women professionals. Hyderabad holds immense importance for us as a market, and our expanding branch network will fortify our presence in the state. Through our branches, we aspire to offer simplified, efficient, and impactful lending solutions that address consumer financing needs, supporting the vision of empowered women as key contributors to a sustainable future.”
