Company Information

Get to know Poonawalla Fincorp

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.

Industry

Financial Other ServicePRIMARY
Financial Insurance
Financial Payment

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Poonawalla Fincorp

India

Founded in

1988 (38 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.