Poonawalla Fincorp Limited is a Cyrus Poonawalla group-promoted non-deposit-taking systemically important non-banking financial company (ND-SI-NBFC) registered with the Reserve Bank of India (RBI). The company was formerly known as Magma Fincorp until it was acquired by Rising Sun Holdings Private Limited (a company controlled by Mr. Adar Poonawalla) in 2021. With a focus on a digital-first approach, Poonawalla Fincorp offers a diversified product suite including Personal Loans, Business Loans, Loans to Professionals, Pre-owned Car Loans, and Loans against Property, primarily serving consumers and Micro, Small, and Medium Enterprises (MSMEs) across India.

Founded in

India