poonawalla fincorp

poonawalla fincorp's CTO, Dhiraj Saxena, resigned due to alleged harassment by the CHRO. Saxena's resignation letter cited "unnecessary interventions" impacting IT operations. His departure coincides with recent leadership changes, including a new MD and CHRO appointed earlier this year.

The city-based listed financial services firm poonawalla fincorp has announced that it will sell its housing finance division, Poonawalla Housing Finance Limited (PHFL), to the American private equity firm TPG for Rs 3900 crores, subject to regulatory clearances, with the Adar Poonawalla-led

Markets regulator Sebi has revoked its earlier order barring poonawalla fincorp MD Abhay Bhutada from the securities market after probe concluded that he had not parted with price-sensitive information.

City-based NBFC poonawalla fincorp, formerly Magma Fincorp, reported a return to profitability for Q4 of FY22, as well as for the full fiscal.

HDFC Bank’s Arvind Kapil, with 25 years at the bank, is set to become MD & CEO of poonawalla fincorp. Last year, he took over HDFC's housing finance business post-merger. poonawalla fincorp, in a statement to stock exchanges, said that Kapil will join the company on June 24, subject to approvals. Shares of poonawalla fincorp rose 1.5% after the announcement.

poonawalla fincorp Limited (Formerly Magma Fincorp), has entered the digital consumption loans space through a tie-up with KrazyBee a tech-driven lending platform. Under this partnership, poonawalla fincorp will offer small ticket personal loans to individuals.

poonawalla fincorp appoints Salil Hajarnis as CTO, effective December 10, 2024. Hajarnis brings over 20 years of technology leadership experience, most recently from Fiserv. He will spearhead poonawalla fincorp's digital transformation and AI-driven customer solutions, leveraging his expertise in enterprise architecture and platform modernization.

Pune-based poonawalla fincorp has more than doubled its net income in Q4 2022 to INR 181 crore ($24.3m), driven by increased loan sales and improved asset quality. Net income for Q4 was INR 585 crore ($78.7m), the highest on record for the company.

pune citybased finance firm poonawalla fincorp has announced that its total assets under management aum have reached rs 16575cr till the end of march 2022 a rise of 17 yearonyear and a sequential growth of around 9the firm earlier known as magma fincorp and based in kolkata was taken over by a venture led by the industrialist adar poonawalla and moved its corporate headquarters to pune the firm.

poonawalla fincorp (Formerly known as Magma Fincorp Limited) has been upgraded to a triple A-rated NBFC following its acquisition by the Cyrus Poonawalla Group.

poonawalla fincorp, Abhay Bhutada, Magma, Adar Poonwalla, disbursements, FY23, growth.