Piramal Capital integrates over 3,000 employees of DHFL Group

Under a program called ‘Project Sangam’, PCHFL has successfully integrated over 3,000 employees of the erstwhile DHFL Group. The company said that as part of integration and creating an integrated workforce, senior professionals from DHFL will also move to the new corporate premises in Mumbai next week.

The company continues to largely hire for retail operations across India and has already submitted 2,000 proposals in the past three months at the merged entity, the statement said. This pace of hiring is likely to continue in Q4 FY22 and FY23, taking the total workforce to over 5000.

The company said it has created specialized roles in various verticals, including MSME loans, used car loans, underwriting, operations and credit, to support the growth path. It has recruited talent across India, across multiple verticals, to support and develop the housing finance function, which accounts for a third of new employees. The new origination of Affordable Housing Loans has resumed in all 301 branches across the country.

Vikram Bector, Group CHRO, Piramal Enterprises, said, “We are delighted that under Project Sangam, we have integrated the two organizations into a single consolidated entity. This entity will drive our growth plans for the market, especially addressing India’s credit needs. to do.” Ltd.

PCHFL has over 1 million customers with a network of 301 branches across 24 states. The company plans to add 100 branches by the end of 2022 and will continue to hire employees to meet this requirement.

“The significant hiring in business verticals is in line with our endeavor to extend credit to underserved and underserved customers. 20% of our hiring with first time job seekers is in areas where jobs are still a bit difficult. To support our healthy We look forward to building on this momentum to grow and better serve our customers,” Bector said.