Poonawalla Fincorp Limited (Formerly known as Magma Fincorp Limited) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). The Company started operations nearly three decades back and is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange in India (NSE). Consequent to the capital raise of Rs. 3,456 Crore in May’21, the Company is now part of Poonawalla Group with majority stake owned by Rising Sun Holdings Private Limited, a company owned and controlled by Mr. Adar Poonawalla.
Poonawalla Fincorp, formerly known as Magma Fincorp, is a trusted name in the industry for offering best-in-class services to their customers. With a strong network of 250+ branches, the company has more than 5 lakh happy customers.
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