Expanding Financial Inclusion and Empowerment
In its quest to drive sustainability and social impact, Piramal Enterprises Limited has achieved a significant milestone by empowering over 127,000 women with financial services in fiscal year 2023. This initiative is part of their broader commitment to financial inclusion, detailed in their first-ever Sustainability Report, “Doing Well and Doing Good.” The report highlights their efforts not only in advancing economic opportunities for underserved populations but also in their contribution towards building a more sustainable and inclusive India.
Strategic Initiatives for Women’s Development
Piramal Enterprises has been instrumental in enhancing the financial independence of women, particularly in India’s Tier II and III cities. Through targeted programs that include financial literacy education and tailored loan offerings, the company is ensuring that women constitute a significant portion of their loan portfolio—currently at 31%. These initiatives are crucial for fostering self-reliance among women, thus accelerating their personal and community growth.
Sustainable Growth and Community Engagement
Under the leadership of Ajay Piramal, the company is deeply anchored in a sustainability strategy that focuses on impactful growth and social stewardship. Piramal Enterprises is not only committed to enriching the lives of its stakeholders but also actively collaborates with community and government bodies to support the Sustainable Development Goals with a target horizon of 2030. Their efforts are complemented by the Piramal Foundation, which works across various states and union territories to improve the lives of marginalized communities through innovative programs like the Karuna Fellowship, aimed at empowering rural women with necessary skills for future leadership and economic independence.