Nita Ambani, Isha (with twins), Shloka & Radhika back Anand Piramal as Piramal Finance debuts strong on NSE
Mumbai: Piramal Finance Limited made a strong market debut on Friday, opening 12% above its discovered price, as members of the Ambani family, including Nita Ambani and Isha Ambani Piramal, attended the listing ceremony at the National Stock Exchange (NSE) in a clear show of support for Anand Piramal, the company’s executive director and the Ambani family’s only son-in-law.
The stock, listed under the symbol PIRAMALFIN, opened at ₹1,260 on the NSE — a 12% premium over the discovered price of ₹1,124.20 — and closed at ₹1,333.45, driven by strong investor demand. The debut follows the demerger of Piramal Finance from Piramal Enterprises, transforming it into a standalone non-banking financial company (NBFC) focused on retail and wholesale lending.
Nita Ambani, Founder and Chairperson of Reliance Foundation, arrived first at the event, followed by Isha Ambani Piramal, who was accompanied by her twins. Shloka Mehta, Director of the Rosy Blue Foundation, and Radhika Merchant, soon to be part of the Ambani family, also joined the gathering. Mukesh Ambani and his sons, Akash and Anant, were not present.
The presence of the Ambani women — widely recognized for their public roles in business and philanthropy — was interpreted as a gesture of family unity and quiet endorsement. Anand Piramal, married to Isha since December 2018, remains the only son-in-law in the Ambani family, making the moment symbolically significant.
Piramal Finance currently manages assets worth ₹91,447 crore, with 82% — or ₹74,704 crore — in retail lending. The company closed the day with a market capitalization of approximately ₹30,200 crore. CEO Jairam Sridharan has set an ambitious target of reaching ₹1.5 lakh crore in assets under management by FY28, emphasizing technology, risk management, and retail growth.
A senior analyst from a leading brokerage, speaking anonymously, noted that the family’s attendance signals long-term confidence in the business. Social media reflected similar sentiment, with posts trending widely on X. One user wrote, “Ambani women at Piramal listing. No drama. Just family. Respect.” Another added, “This is what real support looks like — no statements, just showing up.”
Despite the close family ties, Piramal Finance and Reliance Industries have no equity relationship. However, both groups share a strategic outlook centered on scale, technology-driven growth, and long-term sustainability in financial services and retail.
During the ceremony, Anand Piramal spoke about the company’s evolution into a pure-play NBFC and its use of AI in underwriting and collections, without directly referencing the Ambani family. The event underscored a broader truth in Indian business: family alignment often carries as much weight as financial performance.
Brokerage firm Motilal Oswal has initiated coverage on the stock with a Buy rating and a 12-month target of ₹1,600, citing strong retail momentum and the ongoing reduction of legacy wholesale exposure, which is expected to fall below ₹3,500 crore by March 2026.
The listing marks a new phase for Piramal Finance as it accelerates its pivot toward retail lending and positions itself as a technology-enabled, consumer-focused NBFC in India’s growing financial services landscape.
For live updates on PIRAMALFIN, visit the NSE India website.
