Piramal Finance opens first all-women branch in Kochi

Piramal Finance, a renowned housing finance company, is initiating the empowerment of women with its first all-women branch, “Maitreyi,” located in Tripunithura, a suburban area in Kochi. The strategy behind this branch is to cater to female customers and capitalise on the growing market. With future plans to open branches in Jaipur, Mumbai, Mohali, and New Delhi, Piramal Finance strives to extend financial services to women throughout the nation. Kerala was the chosen spot for the maiden branch due to its demographics and market dynamics, where the population of women and self-employed customers are considerably higher than the national average. Piramal Finance sees the potential in this unique customer base to foster financial inclusion for women. This branch offers a broad range of services to cater to customers' specific needs.

Important Points to remember:

  1. Piramal Finance opened its first all-women branch, named “Maitreyi,” in Kochi.
  2. The company plans to expand these branches to Jaipur, Mumbai, Mohali, and New Delhi.
  3. Kerala was chosen as the state has a higher female and self-employed base than other states.
  4. Services offered at the branch include home loans, MSME loans, etc., with a particular emphasis on house construction and property loans.
  5. Jairam Sridharan serves as the Managing Director of Piramal Finance, with its headquarters located in Mumbai.