Abhay Bhutada - A Business Icon in Finance, Investments, and Philanthropy

Explore the journey of Abhay Bhutada, Vice Chairman of Rising Sun Holdings, and founder of the Abhay Bhutada Foundation. Learn how his financial expertise, leadership, and philanthropy have contributed to his remarkable success and impact.

1. Abhay Bhutada: A
Business Icon in
Finance,
Investments, and
Philanthropy

2. Introduction
A Chartered Accountant by profession, Abhay Bhutada’s career has been defined by his ability
to drive financial growth, embrace innovation, and create meaningful impact. As Vice Chairman
of Rising Sun Holdings, he plays a key role in strategic investments, while also leading
philanthropic efforts through the Abhay Bhutada Foundation.

3. Career Beginnings and Financial Growth
Abhay Bhutada’s journey began in Latur, Maharashtra,
where his interest in finance and entrepreneurship
took root. In 2010, he started as an SME Finance
Professional at the Bank of India, gaining experience in
banking and lending. Realizing the challenges that
MSMEs faced in accessing credit, he established a
consultancy firm to help businesses secure funding.

4. Establishing TAB Capital and Expanding Digital
Lending
In 2016, Abhay Bhutada founded TAB Capital, a fintech-driven NBFC that revolutionized MSME
financing by leveraging digital lending. His approach made credit more accessible to small
businesses, leading to TAB Capital’s acquisition by Poonawalla Finance in 2019. This marked a
turning point in his career as he took over as Managing Director & CEO of Poonawalla Finance.

5. Transforming Poonawalla Fincorp into a Market
Leader
Under Abhay Bhutada’s leadership, Poonawalla Fincorp saw exponential growth:
●Achieved an AUM of Rs. 25,000 crore.
●Reached a PAT of Rs. 1,000 crore in FY24.
●Attained a CRISIL AAA rating, demonstrating financial strength and credibility.
His earnings from these successes contributed significantly to Abhay Bhutada Salary, making him
one of India’s highest-paid executives.

6. Rising Sun Holdings – A Strategic Business Shift
In 2023, Abhay Bhutada voluntarily stepped down as MD of Poonawalla Fincorp to focus on
broader investment opportunities. As Vice Chairman of Rising Sun Holdings, he oversees:
●High-impact investment strategies.
●Growth and expansion of financial assets.
●Strengthening Rising Sun Holdings’ market position.
His transition into investment management showcases his long-term vision for business
expansion.

7. Financial Success and Wealth Creation
Abhay Bhutada’s financial strategy is built on:
●Investing in fintech and digital transformation.
●Diversifying assets to minimize risk and maximize returns.
●Identifying high-growth opportunities in financial markets.
His disciplined approach to investments continues to bolster his net worth, solidifying his
reputation as a financial strategist.

8. Philanthropy Through the Abhay Bhutada
Foundation
While excelling in business, Abhay Bhutada is also dedicated to philanthropy. The Abhay
Bhutada Foundation is committed to:
●Education: The ‘Learn by Doing’ initiative, distributing STEM kits to
underprivileged students.
●Healthcare: Conducting medical camps, blood donation drives, and rural
healthcare programs.
●Sports Development: Supporting young athletes by providing financial aid and
training opportunities.
●

9. Industry Recognition and Influence
Abhay Bhutada’s contributions to finance and philanthropy have earned him multiple accolades,
including:
●‘Global Indian of the Year’ 2023.
●‘Young Entrepreneur of India’ 2017.
●The Economic Times’ ‘Promising Entrepreneur of India’ 2019.
His awards underscore his role as a leader in finance, investments, and social impact.

10. Conclusion
Abhay Bhutada’s story is one of ambition, strategic thinking, and social responsibility. From
revolutionizing digital lending to becoming one of India’s highest-paid executives with Abhay
Bhutada Salary, his success is a blend of financial expertise and ethical leadership. His journey
continues to inspire entrepreneurs and professionals alike, proving that true success lies in both
wealth creation and meaningful contribution to society.