In a transformative move to integrate cutting-edge artificial intelligence into its operations, Poonawalla Fincorp Limited has joined forces with the TIH Foundation for IoT and IoE (TIH) at IIT Bombay. The partnership, formalized through a four-year Memorandum of Understanding (MoU), is set to overhaul critical functions within Poonawalla Fincorp through advanced AI applications, marking a […]
Poonawalla Fincorp Limited, a leading non-deposit taking systemically important non-banking financial company (ND-SI-NBFC) specializing in consumer and MSME finance, today unveiled its unaudited financial results for the first quarter ended June 30, 2024. Demonstrating robust growth, the company reported a significant 52% year-over-year increase in Assets Under Management (AUM), which now stands at ₹26,972 crore. […]
In a significant stride towards enhancing customer banking experience, Poonawalla Fincorp Limited, in partnership with IndusInd Bank, has launched the ‘IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card’. This co-branded credit card is designed to redefine and elevate the banking experience, catering to the evolving financial needs of customers. A Milestone in Financial Solutions […]
Poonawalla Fincorp Limited, a prominent non-deposit taking systemically important NBFC focusing on consumer and MSME finance, has reported its unaudited financial results for the quarter ended December 31, 2023. The company has registered an exceptional financial performance with robust growth in assets under management (AUM) and profitability. Key Financial Highlights for Q3FY24 – Record Quarterly […]
Pune-based Poonawalla Fincorp Limited, a significant non-deposit-taking NBFC emphasizing consumer and MSME finance, released its unaudited financial results for the quarter concluding on September 30, 2023. Notably, the company recorded its highest-ever quarterly Profit After Tax (PAT) of ₹ 230 crore, indicating a remarkable 77% YoY growth. This accomplishment is a testament to the company’s […]