Piramal Finance is open to patient foreign capital: CEO

Says lender not quite keen to onboard investors who have a finite view of the business

- Shayan Ghosh & Anshika Kayastha

Non-bank financier Piramal Finance is open to strategic foreign investors in the company, although there is nothing imminent, its managing director and chief executive Jairam Sridharan said.

“We have seen some good strategic investments happen in the market in recent times, with people willing to invest in the India market for the long run; people see potential in building a business and not just in flip and sell,” said Sridharan.

Not just banks, India’s non-bank financiers have also received significant investments from overseas investors recently. The latest one is Abu Dhabi-based International Holding Company’s (IHC) decision to pour $I billion into Sammaan Capital.