IFC, ADB Back Piramal Finance With USD 350 Mn To Boost Housing, MSME & Women Entrepreneurs' Credit

(MENAFN- KNN India) New Delhi, Jan 14 (KNN) Piramal Finance Limited has raised USD 350 million in multilateral funding from the International Finance Corporation (IFC) and the Asian Development Bank (ADB), marking its first borrowing from development finance institutions.

The company is in advanced talks to secure a further USD 150 million, which would take total multilateral funding to USD 500 million by the end of FY26.

Funding Details

The funding includes USD 200 million from IFC and USD 150 million from ADB under the latter's Sustainable Finance Framework. The facilities have a five-year tenor and will be drawn in tranches between January and March 2026, subject to regulatory approvals.

Use of Proceeds

Piramal Finance said the funds will be deployed to expand affordable housing finance, improve credit access for MSMEs, and increase lending to women borrowers and women-led enterprises.

The focus will be on Tier 2 and Tier 3 cities, as well as semi-urban and rural areas, to support financial inclusion.

Company and Institutional View

Jairam Sridharan, MD & CEO, Piramal Finance, said,“Our business model is centered around the Budget Customer of Bharat, and supports MSMEs, small women entrepreneurs and homeowners in Bharat markets. This aligns with the developmental goals of our multilateral partners ADB and IFC. It also helps the continued diversification of the liability structure of Piramal Finance.”

IFC's South Asia Regional Director Imad N. Fakhoury said the investment aims to expand affordable housing and improve access to finance for women-owned enterprises in fast-growing smaller cities.

(KNN Bureau)

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