Poonawalla Fincorp

Overview

Poonawalla Fincorp Limited is a Non-Banking Finance Company (NBFC) under the Cyrus Poonawalla group, dedicated to providing financial services to consumers and Micro, Small, and Medium Enterprises (MSMEs) in India. Originally established as Magma Fincorp in 1988, the company underwent a significant transformation after being acquired by Rising Sun Holdings in 2021. This restructuring included a capital infusion aimed at enhancing its position as a major lending institution.

The organization offers a variety of financing products, including consumer loans and MSME loans, with a focus on home loans for individuals without formal income proofs. With a digital-first strategy, Poonawalla Fincorp has significantly increased its digital business share through advanced loan origination systems and mobile applications. It enjoys high credit ratings and has been recognized as one of the best workplaces in the BFSI sector in India, serving individual consumers and MSMEs by blending physical and digital engagement channels.

Basic Information

Contact Details

• Phone: +91 80026 63201
• Website: poonawallafincorp.com
• LinkedIn: linkedin.com/company/poonawalla-fincorp

Key Focus Areas & Initiatives

• machinery loans
• mobile app
• governance
• digital infrastructure
• automated credit scoring
• enterprise loan management
• supply chain financing solutions
• loan origination platform
• phygital model
• digital loan tracking
• digital customer onboarding
• digital risk assessment
• growth strategy
• seamless experience
• financial products
• data analytics
• cost efficiency
• interest rate policy
• cross-selling
• digital asset management
• customer engagement
• integrated digital platform
• personal loans
• enterprise resource planning
• no hidden charges
• msme lending
• ai-first approach
• loan servicing
• consumer finance
• regulatory compliance
• collateral-free loans
• machinery loans for manufacturing
• transparent lending
• digital consumer loans
• digital onboarding process
• ai-powered risk management
• end-to-end digital lending
• business loans
• fast approval
• ai-first strategy
• supply chain financing
• customer service
• digital credit assessment
• supply chain finance
• technology-driven
• loan processing
• asset finance
• mobile banking
• digital innovation
• digital lending
• customer support
• digital customer engagement
• quick disbursal
• india market
• digital loan servicing
• medical equipment loans
• online application
• customer onboarding
• loan management system
• digital cross-selling
• consumer loans
• msme financing
• ai-driven analytics
• interest rates
• mobile-first lending
• msme loans
• loan origination system
• customer-centric
• corporate governance
• medical equipment financing
• loan against property
• digital transformation in nbfc
• digital loan approval
• auto leasing
• digital channels
• digital transformation
• digital platform
• nbfc
• risk management
• credit ratings
• seamless customer experience
• digital disbursal
• vehicle loans
• digital customer journey
• loan disbursal
• financial inclusion
• loan portfolio
• b2c
• services
• retail
• other nondepository credit intermediation
• enterprise software
• enterprises
• computer software
• information technology & services
• b2b

Technologies Used

• AI
• Amazon AWS
• Bootstrap Framework
• Google Play
• Google Tag Manager
• Liferay
• Microsoft Office 365
• Mobile Friendly
• Outlook
• React
• Route 53

Affiliated Organizations & Regional Branches

• Magma Fincorp Ltd.