Piramal Enterprises Bets Big on Corporate Lending to Boost AUM – Feedback

Piramal Enterprises is betting big on corporate lending, aiming to double assets under management in its non-real estate lending business, Structured Finance Group, to more than Rs 4,000 crore by March.

SFG, founded in 2013, has deployed Rs 2,160 crore as of September 30. “We are confident of doubling our AUM in the near term through a pipeline of transactions in sectors as diverse as renewable energy, roads, industrials and auto components,” said Khushru Jijina, managing director, Piramal Fund Management. Jijina said he expects non-real estate lending to grow faster than real estate funding business, which has monthly average sanction run rate of Rs 2,000 crore.

http://economictimes.indiatimes.com/industry/banking/finance/piramal-enterprises-bet-on-corporate-lending-aims-to-double-aum-in-non-realty-lending-business/articleshow/55843458.cms

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