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Latest news about Poonawalla Fincorp

Poonawalla Fincorp Unveils ₹1,600 Crore NCD Issuance Plan 7 days ago

Poonawalla Fincorp has announced plans to raise ₹1,600 crores through Non-Convertible Debentures (NCDs). The issuance will be structured in two equal tranches of ₹800 crores each. This move aims to strengthen the company's capital base and potentially fund expansion of lending operations, refinance existing debt, or support business growth initiatives. The success of the NCD issuance may depend on market conditions, interest rates, the company's credit rating, and investor sentiment towards the financial services sector.

Poonawalla Fincorp Approves Rs 500 Crore NCD Issuance, Launches 24/7 Digital Business Loans for MSMEs Jun 09, 2025

Poonawalla Fincorp Revolutionizes MSME Lending with 24/7 Digital Business Loans Jun 09, 2025

Poonawalla Fincorp to Bolster Capital Base with Rs 300 Crore Tier II NCD Issue Jun 02, 2025

Poonawalla Fincorp Secures Approval for ₹2,500 Crore NCD Issuance May 23, 2025

More news about Poonawalla Fincorp

22May 25

Poonawalla Fincorp Embraces AI to Boost Customer Engagement and Compliance

Poonawalla Fincorp announces a major AI-driven transformation to improve customer engagement and compliance processes. The company is leveraging AI technologies to provide personalized customer experiences, improve response times, and boost satisfaction. In compliance, AI systems will be used to detect and prevent potential regulatory issues. This move is expected to streamline operations, increase efficiency, and allow staff to focus on higher-value tasks. Poonawalla Fincorp's AI adoption could set a new standard in the financial services sector.

14May 25

Poonawalla Fincorp Approves Rs 750 Crore NCD Issuance

Poonawalla Fincorp has approved the issuance of non-convertible debentures (NCDs) worth up to Rs 750 crore through private placement. The base issue is set at Rs 250 crore with a green-shoe option of Rs 500 crore. The NCDs will be secured, redeemable, rated, and listed, with a face value of Rs 1 lakh per debenture. While the specific purpose of the capital raise is not stated, it could potentially be used for expansion, refinancing, working capital, or technology investment.

28Apr 25

Poonawalla Fincorp Revolutionizes Debt Management with AI-Powered Platform

Poonawalla Fincorp Limited (PFL) has implemented an advanced AI-powered debt management platform on April 28, 2025. The platform enhances efficiency through autonomous data analysis, multi-channel intervention, and reduced manual effort. It enables over 100 micro-strategies for customer engagement and reduces customer engagement time from 3-4 days to under 3 hours post-delinquency. The AI-driven system offers 2-3 times sharper risk assessment and includes GenAI-enabled call auditing for compliance. PFL reports an AUM of ₹35,631.00 crore as of March 31, 2025, with operations in 18 states and 2 Union Territories.

28Apr 25

Poonawalla Fincorp Reports 81% YoY Decline in Q4 Profit Despite AUM Growth

Poonawalla Fincorp's Q4 FY2023 results show an 81% YoY decline in net profit to Rs 62.33 crore, attributed to doubled expenses. However, the company reported positive growth in other areas, with Net Interest Income rising 12% YoY to Rs 715.00 crore and Assets Under Management growing 43% YoY to Rs 35,631.00 crore. The Gross Non-Performing Assets ratio improved slightly to 1.84%, while the Capital Adequacy Ratio stood at 22.94%. The company launched six new businesses during the period and improved its on-book mix to 57%.

25Apr 25

Poonawalla Fincorp Reports Robust 42.5% YoY Growth in AUM, Launches New Business Initiatives

Poonawalla Fincorp Limited announced a 42.5% year-over-year increase in Assets Under Management, reaching ₹35,631.00 crore for FY2025. Net Interest Income grew by 23% to ₹2,708.00 crore. The company launched six new business initiatives and plans to open 400 new branches. It maintains a strong focus on AI implementation with 7 solutions completed and 18 in progress. Asset quality remained stable with a Gross NPA of 1.84% and Net NPA of 0.85%, while the Capital Adequacy Ratio stood at 22.94%.

25Apr 25

Poonawalla Fincorp: Q4 Profit Declines 81% Despite NII Growth; AUM Expands 43% YoY in FY25

Poonawalla Fincorp Limited announced its Q4 and FY25 results, showing a 43% year-over-year increase in Assets Under Management (AUM). However, the company faced profitability challenges with Profit After Tax (PAT) declining by 81.19% to ₹62.30 crore. Net Interest Income (NII) grew by 11.70% to ₹707.90 crore. The Gross Non-Performing Assets (GNPA) ratio stood at 1.84%, while the Net Non-Performing Assets (NNPA) ratio was 0.85%. The company maintained a debt-to-equity ratio of 3.2x and reported an improved secured-to-unsecured mix in its portfolio.

22Apr 25

Poonawalla Fincorp Expands Retail Lending with Consumer Durables Loans and Digital EMI Card

Poonawalla Fincorp Limited (PFL) has entered the retail lending segment with consumer durables loans and a digital EMI card. The company offers instant, point-of-sale loans with digital onboarding and 5-minute loan sanctions. PFL plans to expand to 70 locations across India, partner with 5,000 dealers, and collaborate with leading OEMs. The move aims to accelerate customer acquisition and enhance profitability in the growing consumer finance market, with a focus on Tier 2 and Tier 3 cities. PFL is also implementing real-time disbursements for dealers to improve the settlement process.

22Apr 25

Poonawalla Fincorp Expands into Consumer Durables Loans Market, Aiming for Accelerated Growth

Poonawalla Fincorp Limited (PFL) has launched its Consumer Durables Loans business, introducing a digital EMI card with pre-approved limits. The company aims to expand into 70 locations across key metros, Tier 2, and Tier 3 cities, collaborating with 5,000 dealers. The new offering provides faster loan sanctions within 5 minutes, flexible EMI structures, and competitive interest rates. PFL sees this move as an opportunity to accelerate customer acquisition and unlock high-yield growth in the rapidly growing consumer durables financing market, which currently has a 30% penetration rate.

16Apr 25

Poonawalla Fincorp Expands Portfolio: Approves ₹1,875 Crore NCD Issuance, Launches Gold Loan Business, and Plans 400 New Branches

Poonawalla Fincorp Limited (PFL) has announced several strategic moves. The company's board approved a ₹1,875 crore Non-Convertible Debenture (NCD) issuance. PFL also launched its Gold Loan Business on April 15, offering quick approvals and minimal documentation. To support this new venture, the company plans to open 400 new branches in Tier 2 and 3 cities over the next four quarters. As of March 31, 2025, PFL reported an AUM of approximately ₹35,550 crore, with operations across 18 states and 2 Union Territories.

15Apr 25

Poonawalla Fincorp Expands Portfolio with Gold Loans, Plans 400 New Branches, and Approves NCD Issuance

Poonawalla Fincorp Limited (PFL) has launched its gold loan business, offering fast approvals and minimal documentation. The company plans to open 400 new branches over the next four quarters, focusing on Tier 2 and 3 markets. PFL's board has approved the issuance of non-convertible debentures (NCDs) worth ₹18.75 billion. Additionally, the company granted 155,000 stock options to employees under its Employee Stock Option Plan-2022-Scheme-II.

08Apr 25

Poonawalla Fincorp Unveils Shopkeeper Loan Business to Empower Small Retailers

Poonawalla Fincorp Limited (PFL) has introduced a Shopkeeper Loan Business on April 8, 2025, targeting small retailers and kirana stores across India. The initiative aims to provide accessible funding for cash flow management, inventory financing, and customer management. Initially operating in 44 locations, this marks PFL's fourth new business venture, aligning with its goal to become the preferred financier for the self-employed segment. The company reported Assets Under Management of ₹35,550.00 crore as of March 31, 2025, with a presence in 18 states and 2 Union Territories.

03Apr 25

Poonawalla Fincorp Reports Impressive 42% YoY Growth in Assets Under Management

Poonawalla Fincorp Limited announced significant growth in Assets Under Management (AUM) for Q4 FY2023. AUM reached ₹35,550 crore as of March 31, 2023, showing 42% YoY and 14.7% QoQ growth. The company maintains a strong liquidity position of ₹4,670 crore. Management emphasizes a risk-first approach and focus on building a sustainable, profitable model.

24Mar 25

Poonawalla Fincorp Unveils AI-Powered Underwriting Solution, Aiming to Boost Productivity by 40%

Poonawalla Fincorp Limited has introduced an AI-powered underwriting solution developed in collaboration with IIT Bombay. The technology integrates AI with human intelligence to streamline credit evaluation processes. It's expected to boost credit managers' productivity by 40% for retail lending. The company plans to evolve this into a self-learning AI model with deep learning algorithms for autonomous decision-making.

17Mar 25

Poonawalla Fincorp Drives into Commercial Vehicle Loan Segment, Targeting 'Bharat' Market

Poonawalla Fincorp Limited (PFL) has expanded its financial services by introducing a Commercial Vehicle (CV) Secured Loan Business. The new offering covers small, light, intermediate, and heavy commercial vehicles, both new and used. PFL plans a phased roll-out, starting with 68 locations across 12 states and expanding to 400 locations in 20 states. The company is implementing a technology-driven approach to streamline the loan process, offering reduced documentation and faster turnaround times. This move aims to capitalize on India's growing e-commerce, industrial, and infrastructure sectors, with a focus on tier 2 and 3 markets.

13Mar 25

Poonawalla Fincorp Schedules Key Meetings with Goldman Sachs and Morgan Stanley

Poonawalla Fincorp has announced meetings with Goldman Sachs and Morgan Stanley on March 20, 2025, in Mumbai. The company has made its Q3 FY25 investor presentation available online. These meetings with global financial institutions suggest potential strategic discussions and increased investor interest in the company.

10Mar 25

Poonawalla Fincorp Expands into Global Education Financing with ₹3 Crore Loan Offering

Poonawalla Fincorp Limited has launched an education loan product for international higher education, offering up to ₹3 crore. The product features instant sanctions for loans up to ₹75 lakh and collateral-free options for loans up to ₹1 crore. The loan covers tuition fees, living expenses, and other related costs. This move addresses the growing demand for international education financing and positions Poonawalla Fincorp as a competitive player in the education loan market.

03Mar 25

Poonawalla Fincorp Revolutionizes Personal Lending with 24/7 Digital Prime Loan

Poonawalla Fincorp has introduced 'PL Prime Digital 24x7', a fully digital personal loan product for salaried professionals. The offering provides instant approvals for loans up to ₹15 lakh in 15 minutes, with 24/7 accessibility and no collateral required. This launch addresses the growing demand for unsecured credit in India, which has seen a 27% year-on-year increase. The product is available through multiple channels including the company's mobile app, website, and authorized partners. Poonawalla Fincorp's AUM stands at ₹30,984 crore as of December 31, 2024, with operations in 18 states and 2 Union Territories.