Company Profile
Poonawalla Fincorp Limited, a non-banking finance company provides consumer and MSME financing services in India. The company offers instant, personal, business, commercial vehicle, consumer durable, gold, education, professional, pre-owned car, medical equipment, and machinery loans.
Its portfolio also includes digital personal, and shopkeeper loans, loans against property, and mid-market and NBFC lending, as well as supply chain financing and credit leasing services.
Additionally, it offers insurance services. The company serves individuals, salaried and self-employed professionals, students, proprietorship, MSMEs, OPCs, partnership firms, LLPs, private and public companies, private and public trusts, and society.
Formerly known as Magma Fincorp Limited, the company rebranded as Poonawalla Fincorp Limited in July 2021. The company was incorporated in 1978 and is based in Mumbai, India. Poonawalla Fincorp Limited is a subsidiary of Rising Sun Holdings Pvt Ltd.