Company dossier

Piramal Finance

NSE:PIRAMALFIN · ISIN INE202B01038

Close: ₹2,043.3
Daily change: N/A
Evidence state: Building

Piramal Finance

Ratings & risks

Credit signals

Rating-action history

Agency evidence

23 Mar 26

ICRA Limited · Piramal Finance Limited: Rating reaffirmed for PTCs issued under personal loans securitisation transactionICRA Limited · PDF preserved by IndiaTicker

23 Mar 26

ICRA Limited · Piramal Finance Limited : Rating reaffirmed for PTCs issued under loan against property receivables securitisation transactionICRA Limited · PDF preserved by IndiaTicker

26 Sept 25

ICRA Limited · Piramal Enterprises Limited: Ratings withdrawnICRA Limited · PDF preserved by IndiaTicker

17 Mar 25

ICRA Limited · Piramal Enterprises Limited: Rating confirmed as final for PTCs backed by loan against property receivables issued by Niveda Trust November 2024ICRA Limited · discovered

17 Mar 25

ICRA Limited · Piramal Enterprises Limited: Rating confirmed as final for PTCs backed by personal loan receivables issued by Ved Trust PTC 2024ICRA Limited · discovered

26 Dec 24

ICRA Limited · Piramal Enterprises Limited: Ratings reaffirmed; rating withdrawn for matured instrumentsICRA Limited · discovered

18 Dec 24

ICRA Limited · Piramal Enterprises Limited: Provisional [ICRA]AA+(SO) assigned to PTCs backed by personal loan receivables issued by Ved Trust PTC 2024ICRA Limited · discovered

03 Dec 24

ICRA Limited · Piramal Enterprises Limited: Provisional [ICRA]AAA(SO) assigned to PTCs backed by loan against property receivables issued by Niveda Trust November 2024ICRA Limited · discovered

16 May 24

ICRA Limited · Piramal Enterprises Limited: Update on Material Event; matured instruments withdrawnICRA Limited · discovered

29 Dec 23

ICRA Limited · Piramal Enterprises Limited: Ratings reaffirmed; rated amount enhancedICRA Limited · discovered

24 Nov 23

ICRA Limited · Piramal Enterprises Limited: Ratings reaffirmedICRA Limited · discovered

31 Oct 23

ICRA Limited · Piramal Enterprises Limited: Ratings reaffirmed; rated amount enhanced; rating withdrawn for matured ISINsICRA Limited · discovered

05 Jul 23

ICRA Limited · Piramal Enterprises Limited: Ratings assigned/reaffirmedICRA Limited · discovered

28 Apr 23

ICRA Limited · Piramal Enterprises Limited: Ratings reaffirmedICRA Limited · discovered

12 Oct 22

ICRA Limited · Piramal Enterprises Limited: Ratings assigned/reaffirmedICRA Limited · discovered

29 Apr 22

ICRA Limited · Piramal Enterprises Limited: Ratings reaffirmed; rating removed from watch with developing implications and Stable outlook assignedICRA Limited · discovered

14 Oct 21

ICRA Limited · Piramal Enterprises Limited: Update on Material EventICRA Limited · discovered

13 Aug 21

ICRA Limited · Piramal Enterprises Limited: Ratings placed on watch with developing implicationsICRA Limited · discovered

03 Feb 21

ICRA Limited · Piramal Enterprises Limited â Update on entityICRA Limited · discovered

27 Jul 20

ICRA Limited · Piramal Enterprises Limited: Ratings reaffirmedICRA Limited · discovered

23 Apr 20

ICRA Limited · Entities Opting for Moratorium on Loan ServicingICRA Limited · discovered

25 Jun 19

ICRA Limited · Piramal Enterprises Limited: Rating [ICRA]AA(Negative)/[ICRA]A1+ outstandingICRA Limited · discovered

22 Apr 19

ICRA Limited · Piramal Enterprises Limited: Ratings reaffirmed; Outlook revised to Negative from StableICRA Limited · discovered

15 Feb 19

ICRA Limited · Piramal Enterprises Limited: Provisional rating finalisedICRA Limited · discovered

31 Dec 18

ICRA Limited · Piramal Enterprises Limited: PP-MLD [ICRA]AA assigned to fresh programmeICRA Limited · discovered

21 Dec 18

ICRA Limited · Piramal Enterprises Limited: [ICRA]AA assigned to fresh NCD programmeICRA Limited · discovered

26 Nov 18

ICRA Limited · Piramal Enterprises Limited: [ICRA]AA assigned to fresh NCD programmeICRA Limited · discovered

22 Jun 18

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

05 Apr 18

ICRA Limited · ICRA reaffirms ratings of [ICRA]AA(Stable) and [ICRA]A1+ for enhanced/revised debt programme of Piramal Enterprises LimitedICRA Limited · discovered

09 Oct 17

ICRA Limited · ICRA reaffirms ratings of [ICRA]AA(Stable) and [ICRA]A1+ for debt programme of Piramal Enterprises LimitedICRA Limited · discovered

03 Oct 17

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

05 Jun 17

ICRA Limited · ICRA withdraws [ICRA]AA rating to NCD programme of Piramal Enterprises LimitedICRA Limited · discovered

15 Feb 17

ICRA Limited · Rating update on Piramal Enterprises LimitedICRA Limited · discovered

15 Feb 17

CARE Ratings Limited rating actionCARE Ratings Limited · discovered

27 Sept 16

CARE Ratings Limited · CARE assigns ‘CARE AA’ rating to the proposed NCD issue of Piramal Finance Private LimitedCARE Ratings Limited · discovered

23 Aug 16

ICRA Limited · Rating of [ICRA]AA(Stable) assigned to various debt programme of Piramal Enterprises LimitedICRA Limited · discovered

09 Aug 16

ICRA Limited · Rating of [ICRA]AA(Stable) assigned to NCD programme of Piramal Enterprises LimitedICRA Limited · discovered

28 Jul 16

ICRA Limited · Rating of [ICRA]AA(Stable) assigned to NCD programme of Piramal Enterprises LimitedICRA Limited · discovered

Risk research framework

Questions to test against evidence

Analyst review

Operating deterioration

Track sector-specific operating metrics and reconcile them across reporting periods.

High

Funding and liquidity

Review debt maturity, repricing, liquidity and rating commentary where relevant.

High

Execution versus guidance

Compare management statements with subsequent reported delivery.

Medium

Governance and key-person change

Connect management transitions, related parties and auditor observations.

Medium

Coverage

Canonical documents: 18
Annual reports: 3
Financial results: 3
Presentations: 2
Call documents: 3
Coverage checks: 0/0
Open gaps: 0

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