Poonawalla Fincorp Ltd

The company has also introduced a digital EMI card with pre-approved limits, enabling customers to purchase consumer durable products more conveniently. Consumer durable loans present PFL with a strategic opportunity to drive faster customer franchise growth through instant, point-of-sale loans and digital onboarding, enabling real-time customer acquisition and building scale efficiently with a tech-first approach. Additionally, this offering creates a strong cross-sell flywheel, as consumer durable loan customers become potential leads for personal loans, insurance, and other financial products'creating a natural cross-sell funnel, high engagement and strong visibility across cities and catchments. PFL's initial priority is to institutionalize its acquisition processes end-to-end within the first 90 days and gradually scale the business across geographies, in line with its risk-first approach. In phase one, PFL plans to expand into 70 locations across key metros, as well as Tier 2 and Tier 3 cities, collaborating with 5,000 dealers, including regional retailers and small businesses with strong local reach. Additionally, the company is partnering with leading OEMs that hold significant market share across various regions. Arvind Kapil, managing director & CEO of Poonawalla Fincorp, said, 'This is not just a product launch - it's a strategic lever to scale our retail business faster, deeper, and more profitably. It unlocks access to millions of new customers and enables us to serve them across their financial lifecycle.' Poonawalla Fincorp is a non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). It offers pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, education loans, commercial vehicle loans, and shopkeeper loans. The company's consolidated net profit declined 92.9% to Rs 18.73 crore in Q3 FY25 as compared with Rs 265.14 crore in Q3 FY24. Total income jumped 36.6% YoY to Rs 1,057.17 crore in Q3 FY25. The scrip fell 0.23% to currently trade at Rs 395.65 on the BSE. Powered by Capital Market - Live

Poonawalla Fincorp (PFL) announced the launch of its Consumer Durables Loans business. The company has also introduced a digital EMI card with pre-approved limits, enabling customers to purchase consumer durable products more conveniently. This launch marks the company's strategic entry into a fast-growing, high-velocity segment of retail lending, strengthening its ability to build a deeper, more scalable retail franchise while enhancing profitability and lifetime customer value. Consumer durable loans present PFL with a strategic opportunity to drive faster customer franchise growth through instant, point-of-sale loans and digital onboarding, enabling real-time customer acquisition and building scale efficiently with a tech-first approach. Additionally, this offering creates a strong cross-sell flywheel, as consumer durable loan customers become potential leads for personal loans, insurance, and other financial products'creating a natural cross-sell funnel, high engagement and strong visibility across cities and catchments. Powered by Capital Market - Live

This new offering provides a secure, fast, and transparent financing solution for individuals and businesses, catering to diverse financial needs such as business expansion, agriculture costs, and personal expenses. As part of this initiative, the company seeks to strengthen its presence across Tier 2 and Tier 3 cities with a secured product. It plans to open 400 new branches in a phased approach over the next four quarters. The company facilitates loan access through its branches and localized outreach, having onboarded industry professionals to provide tailored financial solutions and enhance customer experiences across regions. With faster approvals in less than 30 minutes, minimal documentation, and multiple repayment options, customers can unlock the value of their gold without selling it - ensuring financial flexibility while preserving long-term wealth. Arvind Kapil, MD & CEO, Poonawalla Fincorp, said, 'Our gold loan offering represents a natural progression in our secured lending portfolio, combining traditional value with modern convenience. We have designed this product with the customer journey at its core, respecting both the emotional and financial value of gold. At Poonawalla Fincorp, customer asset safety and transparency remains paramount, while delivering reliable and premium services.' Poonawalla Fincorp is a non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). It offers pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, education loans, commercial vehicle loans, and shopkeeper loans. The company's consolidated net profit declined 92.9% to Rs 18.73 crore in Q3 FY25 as compared with Rs 265.14 crore in Q3 FY24. Total income jumped 36.6% YoY to Rs 1,057.17 crore in Q3 FY25.Powered by Capital Market - Live

Poonawalla Fincorp has expanded its portfolio of secured lending products with the launch of its Gold Loan Business. This new offering provides a secure, fast, and transparent financing solution for individuals and businesses, catering to diverse financial needs such as business expansion, agriculture costs, and personal expenses. With faster approvals in less than 30 minutes, minimal documentation, and multiple repayment options, customers can unlock the value of their gold without selling it - ensuring financial flexibility while preserving long-term wealth. To strengthen its presence across Tier 2 and Tier 3 cities with a secured product, PFL plans to open 400 new branches in a phased approach over the next four quarters. The company facilitates loan access through its branches and localized outreach, having onboarded industry professionals to provide tailored financial solutions and enhance customer experiences across regions. Powered by Capital Market - Live

Poonawalla Fincorp announced the launch of its Shopkeeper Loan Business. The solution addresses key financial challenges faced by small retailers and kirana stores, including cash flow, inventory, and customer management, while enhancing their operational efficiencies. Building on its vision to become the preferred financier for the self-employed segment, PFL aims to enhance the competitiveness of small retail businesses through its customized financial solutions. Commenting on the launch, Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, said: 'India's small retailers are the backbone of our consumer economy, yet their growth is often constrained by limited access to timely credit. With our Shopkeeper Loan, we are taking a decisive step to bridge this gap ' offering tailored financial solutions that address their working capital needs and support long-term business resilience. By combining our risk-first and customer-centric approach, we aim to empower these businesses to thrive in an increasingly competitive retail environment.' Powered by Capital Market - Live

Poonawalla Fincorp will hold a meeting of the Board of Directors of the Company on 25 April 2025.Powered by Capital Market - Live

The agency has also affirmed the company's short-term rating at 'CARE A1+'. CARE Rating stated that the Rating reaffirmations to various debt instruments of Poonawalla Fincorp Limited (PFL) continue to factor in the expectation of strong support from the Cyrus Poonawalla group, having a healthy financial flexibility, which is also reflected from the fact that PFL has been able to raise incremental funds at competitive rates in the debt market. The ratings also factor in the changes in the senior management team including the appointment of Arvind Kapil as the MD & CEO of the company along with other seasoned professionals, and revised product strategy post the change in management. The ratings continue to factor in diversified product approach of the company in the retail segment and the company's plan to launch 6 new products under its offerings. Further, the rating factors in the healthy capitalization and improvement in the overall resource base. CARE Ratings has taken into consideration an increase in the Gross Non-Performing Assets (GNPA) levels in the last couple of quarters, which is mainly on account of stress witnessed in the small ticket personal loan (STPL) book, for which the company made accelerated provision, which impacted the profitability in 9MFY25. However, the asset quality on overall basis remains at comfortable level. The ratings also consider the growing, yet relatively moderate, scale with assets under management (AUM) of Rs 30,984 crore (standalone) as on 31 December 2024, as against Rs 25,003 crore as on 31 March 2024 (FY23: Rs 16,143 crore). The ability of the company to profitably scale up the business with new product lines, while keeping asset quality under check, remains a key monitorable. Poonawalla Fincorp is a non-deposit-taking systemically important non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI). PFL has various product offerings in the consumer and small business finance segments, including digital personal loans, pre-owned car loans, digital business loans, LAP. It operates through a network of 102 branches as on 31 March 2024, across 19 states of India. The scrip fell 1.06% to currently trade at Rs 344.25 on the BSE. Powered by Capital Market - Live

Poonawalla Fincorp (PFL) focused on Consumer & MSME Lending, has unveiled an industry-first AI-Powered Underwriting Solution. Developed in collaboration with the Indian Institute of Technology Bombay (IIT Bombay), this innovative solution integrates artificial intelligence with human intelligence to automate and streamline the credit evaluation process. It aims to accelerate credit decisions by ensuring efficient, accurate, scalable and risk-first approach. By analyzing multiple data points from loan applications, the solution empowers credit managers with faster decision-making capabilities while enhancing the company's risk management framework. The AI solution integrates Large Language Models (LLM) and Machine Learning (ML) platforms to create an automated and intelligent credit decisioning system. Built from the ground up, it focuses on real-world underwriting demands, keeping the human cognitive model at the core of its architectural design. With this groundbreaking initiative, PFL aims to boost its credit managers' productivity by 40 percent in retail lending. Powered by Capital Market - Live

Poonawalla Fincorp has expanded its product suite with the launch of its Commercial Vehicle (CV) Secured Loan Business. This new offering aims to bolster the essential logistics and supply chain sectors, by enhancing transportation capabilities for CV operators. The loan covers Small, Light, and Intermediate & Heavy Commercial Vehicles from all major manufacturers, supporting both new and used vehicle purchases. Customers will also benefit from flexible, structured payment and repayment options. As part of this launch, PFL has also introduced a technology solution aligned with its risk-first approach. The solution focuses on reducing the documentation process for customers, enabling faster turnaround time and a seamless onboarding experience. By integrating with various technology partners, the company has developed assessment framework with validation from verified sources. With a strong focus on Bharat's tier 2 and tier 3 markets, PFL plans to initially enter 68 locations across 12 states in the first phase, with further plans to expand to 400 locations across 20 states through a hub-and spoke model in the next phase. CV loans will be offered through direct-to-customer, dealers, and channel partners. The company has onboarded industry professionals to provide tailored financial solutions and enhance customer experiences. Powered by Capital Market - Live

Poonawalla Fincorp has launched an education loan business focusing on students pursuing higher education in international universities. As part of this launch, the company has also announced an industry-first initiative of providing instant sanction for education loans. This seamless, technology-driven financing experience is available to both new and existing PFL customers. Features of the new education loan: ' Loan up to Rs 3 crore with collateral: Covers tuition, living, travel, books, and insurance premiums for students and co-applicants, with hassle-free approvals ' Loan up to Rs 1 crore: Option available with zero collateral ' Instant Sanctions: An industry-first initiative for loan up to Rs 75 lakh, ensuring faster decision-making process Powered by Capital Market - Live