Poonawalla Fincorp Limited

Founded in 1989 and based in Pune, India, Poonawalla Fincorp Limited, formerly known as Magma Fincorp Limited, specializes in consumer, MSME, and other retail financial services to corporate and individual clients in India. As of 2023, Abhay Bhutada serves as the managing director of the company. In April 2023, Aditya Birla Sun Life Mutual Fund, Plutus Wealth Management, and other investors invested in Poonawalla Fincorp Limited through a PIPE deal. The company provides a range of lending products, including personal loans, business loans, professional loans, and other loans.

The firm’s loan products include unsecured personal loans, urgent personal loans, personal loans for CA and CS, short-term personal loans, small business loans, business loans for working capital, MSME, proprietorships, and retail shops, professional loans for CA, CS, and doctors, used car loans, loans against property, and more. Poonawalla also manages a quick payment option for its clients. The company provides customer service such as indicative rates, cash receipts, a fair practise code, a grievance redressal policy, an EMI calculator, a Sachet portal, and others.