Poonawalla Fincorp | Company Profile - Revenue, Headcount, Tech Stack, Contacts
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.
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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.
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