Piramal Capital & Housing Finance Limited (PCHFL) plans to hire approximately 6,000 fresh employees as part of its aggressive expansion plans in the current financial year 2022-23. The company is simultaneously looking to increase its branch network from about 300 to nearly 400 pan India during the same period.

• Govt to impose 10% import duty on desi chana from 1st April
• Xi Jinping Meets Global CEOs Amid Slowing Investment
• ChatGPT’s Viral Ghibli-Style Images Spark AI Copyright Debate
• BEML Shares Extend Gains on Rs 405 Crore Contract
• Force Motors Shares Soar 7% on Securing Order for Force Gurkha Light

“We estimate to add 5,000 to 6,000 new employees to our workforce in the next 12 months. We aim to ramp up our branch network to 700 to cover 1,000 cities in the next 3-4 years,” Piramal Capital managing director Jairam Sridharan, media reported. Also said, he informed the company would convert its existing and new branches into multi-product centers to include MSME lending as well in the portfolio in addition to the housing loans.

“Of the 300 odd branches, about 85 branches pan India are already offering MSME loans. We want to increase this number to optimize our operations,” he added. The company would also increase its second-hand car finance operations across the country.

Meanwhile, Piramal Capital will add 1,000 new employees to its rolls in Uttar Pradesh alone by the year-end. Under ‘Project Sangam’, a programme focused on the cultural and business integration of Dewan Housing Finance Limited (DHFL) with Piramal, the company has already integrated around 1,000 employees in UP.