• Entered Financial Services by acquiring Indiareit (now known as Piramal Fund Management Pvt. Ltd.)

• Commenced NBFC operations through a wholly-owned subsidiary, PHL Finance Pvt. Ltd.
• Started lending to real estate and education sector
• ₹ 350 crore closing loan book

• Renamed company from “Piramal Healthcare Limited (PHL)” to “Piramal Enterprises Limited (PEL)”
• Acquired ~10% stake in Shriram Transport Finance
• ₹ 2,016 crore closing loan book

• Entered strategic alliance with CPPIB for Residential Development Debt Financing in India
• Acquired ~20% stake in Shriram Capital Limited and ~10% stake in Shriram City Union Finance
• ₹ 2,861 crore closing loan book

• Entered strategic alliance with APG asset management with a target investment of US$ 1 Billion for investing in infrastructure companies in India
• Forayed into Construction Finance
• ₹ 4,766 crore closing loan book

• Commenced Construction Finance for commercial projects as well
• Incorporated India Resurgence Fund (IndiaRF), an India focussed distressed investment platform sponsored by Piramal and Bain Capital Credit
• ₹ 13,338 crore closing loan book

• Entered retail financing with launch of Housing Finance business
• Raised ~₹ 4,996 crores through QIP of CCDs
• ₹ 24,975 crore closing loan book

• Raised up to ₹ 2,000 crore through Rights Issue
• Merged Piramal Capital and Piramal Finance with Piramal Housing Finance; renamed as Piramal Capital & Housing Finance Limited (PCHFL)
• ₹ 42,168 crore closing loan book

• Alternatives: IndiaRF announces US$ 144 million investment in Panacea Biotec Ltd.
• Signs MoU with Canada Pension Plan Investment Board to co-sponsor a renewable energy focussed InvIT
• Raises capital of ~₹ 5,400 crore through a rights issue and preferential allotment of Compulsory Convertible Debentures Equity Capital
• ₹ 56,624 crore closing loan book

• Piramal rights issue of ₹ 3,650 crore over-subscribed ~1.14 times
• CDPQ and Piramal partner to deploy US$ 300 million for private credit financing in India
• ₹ 50,963 crore closing loan book

• PCHFL expands its offerings; Enters Consumer and Used-Car Financing segment
• Piramal pays ~₹ 34,250 crore via upfront cash and issuance of debt instruments for acquisition and merger of Dewan Housing Finance Corporation Limited (DHFL)
• Piramal announces demerger and simplification of corporate structure; To create two separate listed entities in financial services and pharmaceuticals
• ₹ 48,891 crore closing AUM
• IndiaRF invests ₹ 615 crore (US$ 83 million) in Setco Group, ₹ 555 crore (US$ 75million) Investment in Thrissur Expressway Ltd. and ₹ 310 crore (US$ 42 million) Investment in Primacy Industries Limited

• NCLT approves Piramal Enterprises demerger
• Completed the DHFL acquisition, 1^st financial services company to get resolved through the IBC route
• PEL received its NBFC License
• ₹ 65,185 crore closing AUM
• IndiaRF invests ₹ 550 crore in Impresario Entertainment and Hospitality.

• Completed the demerger and simplified the Corporate Structure
• Completed one year of successful integration of DHFL
• Launched ‘Innovation Lab’ in Bengaluru, to accelerate digital lending transformation for Bharat
• Launched unique campaign addressing the credit needs of the underserved customers of Bharat
• ₹ 63,989 crore closing AUM
• IndiaRF invests ₹ 525 crore in Ivy Health and Life Sciences Pvt. Ltd.
• Piramal Alternatives invests ₹ 250 crore in PMI Electro Mobility for India’s Green Mobility Initiative

• Proposed merger of Piramal Enterprises Limited (PEL) with its subsidiary Piramal Capital & Housing Finance Ltd. (PCHFL) and renaming PCHFL as Piramal Finance Limited (PFL)*
• ₹ 68,845 crore closing AUM

Note: (*) Reorganisation subject to requisite statutory and regulatory approvals