Piramal Fund Management crosses Rs 10,000 crore
Piramal Fund Management (PFM), the financial services arm of Piramal Group, has surpassed Rs 10,000 crore in aggregate investments from the proprietary book of Piramal Enterprises, in South India including Bangalore, Hyderabad and Chennai. “We will extend our partnerships in South India by underwriting multi-city portfolios with existing and new Tier 1 developers. We have consistently increased our exposure across Bangalore, Chennai and Hyderabad over the past few quarters,” Khushru Jijina, Managing Director, Piramal Fund Management. PFM’s three fold strategy to expand its product offerings, its portfolio companies and its geographical reach, has enabled a steady growth of more than 80% CAGR in the last two years. Building on the complementarities that exist in both marketing and execution across the region, a number of tier 1 developers from Bangalore such as Prestige, Purvankara, Salarpuria and Mantri, have forayed into Chennai and Hyderabad.
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