Piramal Finance announced it has received an AA+ credit rating from CRISIL, a move the company anticipates will lead to reduced borrowing costs in the future. The rating reflects CRISIL’s assessment of Piramal Finance’s financial strength and operational performance.

According to a statement released by Piramal Finance, the upgraded rating is expected to positively impact the company's ability to secure funding on more favorable terms. Management believes this will contribute to overall financial stability and flexibility.

Furthermore, Piramal Finance confirmed it currently does not require any fresh capital. The company remains confident in its growth trajectory, projecting an assets under management (AUM) increase of over 25%.

CRISIL is a leading ratings agency in India, providing ratings and research services across various sectors. An AA+ rating typically indicates a strong capacity to repay debt and a low probability of default. The rating signals investor confidence in Piramal Finance's ability to meet its financial obligations. This development underscores Piramal Finance's position within the financial services sector and its commitment to delivering sustainable growth.