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Piramal Finance Limited, a leading upper-layer NBFC offering loans to small businesses and individuals, has expanded its presence in Tamil Nadu through the acquisition of 23 microfinance branches from SubK Impact Solutions Pvt. Ltd. With this acquisition, customers previously served by SubK Impact Solutions will now benefit from a broader suite of services, including easy access to credit and financial products tailored to their needs. This move brings around 14,835 microfinance customers into the Piramal Finance fold, strengthening the company’s Microfinance portfolio and enhancing its ability to serve low-income households with tailored need-based credit solutions.
The acquisition aligns with Piramal Finance’s long-term mission to drive financial inclusion across India. Especially in rural and semi-urban regions. Customers will now benefit from a broader range of personalised solutions – including loans and flexible repayment options – designed to meet their unique needs. This expansion is part of Piramal Finance's ongoing effort to bridge the gap between financially excluded segments and formal financial institutions. It reflects the company’s continued focus on improving accessibility to formal financial services, especially in rural and semi-urban regions.
Jairam Sridharan, Managing Director, Piramal Finance Limited, said, “The acquisition of SubK Impact Solutions’ branches in Tamil Nadu marks a key step in our mission to deepen financial inclusion across Bharat. Tamil Nadu is a priority market for us, and with these new branches—and more to come—we aim to make a meaningful impact by year-end. This strengthens our rural and semi-urban presence, enabling us to offer trusted, accessible financial solutions. Backed by local insights and digital capabilities, we remain committed to empowering communities and supporting economic progress.”
Piramal Finance remains focused on empowering small businesses, micro-entrepreneurs, and value-driven customers through accessible, tech-enabled financial services. The integration of new branches is being managed with dedicated support teams to ensure a smooth, disruption-free transition.
This strategic move reinforces Piramal Finance’s commitment to expanding access to trusted financial products, helping individuals and communities grow and thrive.