About Pilani Investment and Industries Corporation Limited

Pilani Investment and Industries Corporation Limited is an Indian company incorporated in 1948. The Company’s registered office is located at “Birla Building”, 9/1, R. N. Mukherjee Road, Kolkata – 700001, with its corporate office at Industry House, 10, Camac Street, Kolkata – 700017. It is registered with the Reserve Bank of India as a Systemically Important Non‑Deposit Accepting Company and primarily focuses on holding investments in subsidiaries, associate companies, and mutual funds, undertaking activities permitted under RBI’s guidelines for Non‑Banking Financial Companies (NBFCs). 

In May 2025, the Company’s application for conversion from an NBFC to a Core Investment Company (CIC) was processed by the Reserve Bank of India. Pursuant to RBI’s letter dated May 21, 2025, the Company surrendered its original NBFC registration and is awaiting the issuance of a fresh Certificate of Registration as a CIC. Its equity shares are listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), providing access to the primary capital markets in India.

Pilani Investment’s business model is centered on long-term strategic holdings across diversified sectors, with performance aligned to that of its investee companies. The Company continues to focus on value creation through sustainable growth of its portfolio entities, while also expanding its scope to include financing activities within the regulatory framework permitted by RBI. Operations are entirely domestic, with offices in Kolkata and no overseas presence. As per the latest financials, the Company has two subsidiaries and one associate entity, reflecting a focused group investment structure.

Key Milestones of Pilani Investment and Industries Corporation Limited

• Incorporated in 1948 as an Indian investment and industrial entity.
• Listed on the BSE and NSE, enhancing public market presence.
• Registered with the Reserve Bank of India as a Systemically Important Non‑Deposit Accepting NBFC.
• Conversion to a Core Investment Company processed by RBI in May 2025; the Company awaits the issuance of a fresh CIC registration certificate.
• Strategic emphasis on long-term investments and value accretion through sustainable holding and financing activities.

Pilani Investment and Industries Corporation Limited Business Verticals

Business Verticals:

• Investment and Financing Activities – 97.61% of total turnover, as reported in the Business Responsibility and Sustainability Report (BRSR), covering activities under NIC Codes 64200 (Holding Companies) and 64920 (Non‑Banking Financial Services).

Geographic Segments:

• Domestic – 100% of revenue from contracts with customers within India.
• International – No revenue reported from outside India.

The Company’s operations are entirely carried out within India and are supported by its two offices in Kolkata, maintaining close oversight over its investment portfolio and financial services.

Pilani Investment and Industries Corporation Limited Key Management

• Smt. Rajashree Birla – Non‑Executive Chairperson
• Shri R. P. Pansari – Chief Executive Officer
• Shri J. K. Singhania – Chief Financial Officer
• Shri R. S. Kashyap – Company Secretary & Chief Compliance Officer

As noted in the Board’s Report, the Key Managerial Personnel (KMP) of the Company include the CEO, CFO, and Company Secretary.

Latest Updates on Pilani Investment and Industries Corporation Limited

• Regulatory status: The Reserve Bank of India processed the Company’s conversion from a Non‑Banking Financial Company to a Core Investment Company. The original NBFC‑ICC registration was surrendered pursuant to RBI’s letter dated May 21, 2025, and the Company is awaiting a fresh Certificate of Registration as a CIC.
• Strategic focus: Continued emphasis on developing long‑term strategic investments and expanding financing activities within regulatory parameters.
• Credit ratings: Ratings reaffirmed during FY 2024‑25 include CARE A1+ (short term), CRISIL A1+ (short term), and CRISIL AA/Stable (long term).
• Operations and markets: Business activities remain domestic, with revenue exclusively from operations within India and no international income.
• Subsequent events: The financial statements reported no material events after March 31, 2025, requiring disclosure.