Piramal Retail Finance on Thursday announced it has entered the used-car financing business and plans to add four new segments to its portfolio in the next 12 months. These would include two-wheeler financing, education loans, unsecured small business loans and loan against shares. Jairam Sridharan, the chief executive of the non-bank lender said in an interview that it will add 1,000 employees in FY22 from areas of sales, credit underwriting and technology to grow the business. The Piramal group also won the bidding war for Dewan Housing Finance Corp Ltd (DHFL) and is awaiting a few more approvals before closing the deal. Edited excerpts:
Will cross-sell products to DHFL customers: Piramal Retail Finance CEO
