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Tag: Poonawalla Fincorp

  • Poonawalla Fincorp goes full throttle: 24/7 digital loans now open for MSMEs

    Poonawalla Fincorp goes full throttle: 24/7 digital loans now open for MSMEs

    MUMBAI: Poonawalla Fincorp is giving Indian MSMEs a serious leg-up with a slick new digital tool in their financial arsenal—‘Business Loan 24/7,’ a fully online, branch-free business loan available any time of day, all days of the week.

    This isn’t just another fintech gimmick. It’s a proper game-changer. Backed by a pioneering digital risk assessment model and designed specifically for micro, small, and medium enterprises, the new loan product promises instant approval, flexible repayment, and a completely paperless ride from start to finish.

    “We believe that with India’s $4 trillion economy, MSMEs will be one of the most robust credit growth segments over the next 10 years, and our assumptions are based on India’s strong financial infrastructure—credit bureau data, GST information, account aggregators, and strong risk analytics. This product, which we will gradually build into the portfolio in a sensible, risk-calibrated manner, will be an industry,” says Poonawalla Fincorp managing director &n chief executive officer Arvind Kapil. 

    PFL’s digital model taps into India’s public digital infrastructure to vet borrowers using data-driven insights, not just legacy credit parameters. That means smarter risk assessment, faster decisioning, and credit that’s tailored—not templated.

    This move follows the successful rollout of PFL’s earlier 24/7 loan product for salaried professionals. With MSMEs now in its sights, the non-banking finance company wants to become the go-to lender for India’s credit-hungry entrepreneurs—especially in tier two and tier  three  towns where access to capital still moves at snail mail speed.

    Part of the Cyrus Poonawalla Group, PFL boasts a ?35,631 crore loan book and a presence in 18 states and two union territories. With this new offering, it’s revving up to drive deeper into India’s growth engine—one digital disbursement at a time.

  • Poonawalla Fincorp’s Raksha Bandhan film redefines sibling bond

    Poonawalla Fincorp’s Raksha Bandhan film redefines sibling bond

    Mumbai: Poonawalla Fincorp Ltd, a Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), released a special film on the occasion of Raksha Bandhan to celebrate the unique bond between a brother and a sister and how the relationship has evolved with changing times. The film narrates some heart-touching moments between a sibling duo and highlights the pivotal role played by the sister in fulfilling her brother’s dreams with a new perspective in modern times.

    Poonawalla Fincorp MD Abhay Bhutada said, “The film serves as a much-needed breakthrough in the way sibling relationships are viewed in the society. The essence of the campaign stems from the fact that sisters are also equally capable of providing unwavering support to their brothers, be it emotional or tangible. Through this film, we aspire to boost our value proposition as an end-to-end digital lending NBFC that offers instant and hassle-free loan disbursals. Our instant personal loan offerings enable your and your loved one’s dreams.”

    Released on the company’s digital channels, the film highlights the endearing bond between a brother and sister by depicting the friendly banter and mischief that ensues in the household. The younger brother is an aspiring fashion designer and dreams of visiting Paris, the fashion capital of the world to excel in his career. On the day of Raksha Bandhan, his elder sister finds out that her brother has qualified for an internship with a design studio in Paris. Overjoyed, she decides to step up and support her brother’s dreams by sponsoring his ticket to Paris, with the help of Poonawalla Fincorp’s collateral-free personal loan offering. The young and budding fashion designer is overwhelmed with emotions and hugs his sister affectionately, expressing his gratitude.

    This heart-touching tale signifies the importance of breaking down stereotypical barriers and treating familial relationships and the bond not defined by gender, roles, or any other factors. It also highlights how Poonawalla Fincorp’s convenient and accessible financial solutions empower family members to enable their dreams.

  • Amrish Bhargava takes charge as Myles Automotive CEO

    Amrish Bhargava takes charge as Myles Automotive CEO

    Mumbai: Homegrown vehicle subscription and sharing platform Myles Automotive Technologies has announced the appointment of Amrish Bhargava as its new chief executive officer.

    As the CEO, he will be responsible for overseeing the partnerships, customer acquisitions, and product enhancements along with working with the founders on the overall business strategy, said the company in a statement.

    Prior to Myles, Bhargava was heading the auto division at Poonawalla Fincorp and he has over two decades of experience in the auto finance and leasing industry.

    “As we embark on the next phase of growth at Myles, it is crucial that we are able to do so with a healthy mix of innovation, experience, and collaboration. We welcome Amrish onboard at this stage of our journey. His energy and experience will be integral to our growth moving forward,” commented Mylescars founder and managing director Sakshi Vij.