News Update

Piramal Finance Launches Innovation Lab In Bangalore

• ByStartupStory     |    December 16, 2022

Piramal Capital & Housing Finance Ltd under Piramal Enterprises Ltd announced the launch of ‘Piramal Innovation Lab‘ in Bangalore. The major aim behind this innovation is to develop a team of over 300 professionals for various tech and business intelligence positions at the lab. Piramal Finance was launched in 1984 and their focus is to  attract and nurture cream from top B-tech and management institutes across the country in roles pertaining to Software Engineering, Product Management, User Experience (UX), and Data Sciences.

“Piramal Finance is rapidly expanding its footprint in Tier II and III cities of ‘Bharat’ and the innovation centre here is a significant element of its growth strategy.”

“The financial services industry is rapidly evolving, and this initiative will accelerate the development of next-generation lending solutions and analytics that align with how consumers are reimagining the industry. Nurturing innovation is a part of our core ethos, and the centre will help us to create a vibrant ecosystem of fintechs, start-ups and tech innovators”, said Jairam Sridharan, MD of Piramal Capital & Housing Finance Ltd.

“Digital-led innovations are likely to continue disrupting the business models of financial services companies in India’s ‘Techade’ – technology-driven decade. This seismic shift is part of a continuous business evolution – putting the customer at the heart of lending through seamless digital embedded journeys, improved customer experience and better credit decisions. As we continue making deeper inroads as the lender of choice in Bharat, we aim to attract the best tech talent for our Innovation Lab and encourage the vibrant culture of innovation and experimentation in everything that we do,” shared Saurabh Mittal, CTO, Piramal Capital & Housing Finance Ltd on the occasion. The company has 343 branches and are planning to expand it to 500-600 branches throughout ‘Bharat markets’ in five years.

 

 

 

 

 

 

 

 

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