Abhay Bhutada: Driving Digital Transformation in NBFC Sector

Poonawalla Fincorp Limited, a prominent NBFC within the Cyrus Poonawalla group, stands at the forefront of consumer and MSME financing. Guided by core values of Passion, People, Purpose, Principles, and Possibilities, the company upholds unwavering integrity and transparency while striving for excellence. Through innovative solutions and a customer-centric approach, Poonawalla Fincorp empowers individuals and businesses alike, enabling them to realize their aspirations and pursue their dreams with confidence and support.

1. Abhay Bhutada:
Driving Digital
Transformation in
NBFC Sector

2. Poonawalla Fincorp: A Leading NBFC
●Poonawalla Fincorp as a prominent non-banking financial company (NBFC) in India, facilitating
access to funds for millions of Indians.
●Poonawalla Fincorp Limited, part of the Cyrus Poonawalla group, is a leading NBFC
specializing in consumer and MSME financing.
●Guided by core values of Passion, People, Purpose, Principles, and Possibilities, the company
ensures unwavering integrity, transparency, and commitment to excellence.
●Through innovative solutions and a customer-centric approach, Poonawalla Fincorp empowers
individuals and businesses to achieve their dreams.

3. Abhay Bhutada: Managing Director
●Abhay Bhutada is the dynamic Managing Director of Poonawalla Fincorp, renowned for his
strategic vision and leadership in driving digital transformation.

4. Abhay Bhutada's Background
●Abhay Bhutada hails from Latur, Maharashtra.
●Completed schooling at Venkatesh Vidyalaya and pursued higher education at Rajarshi Shahu
College.
●Obtained a bachelor’s degree in Commerce from Symbiosis International University.
●Became a Chartered Accountant in 2009, laying the foundation for his career in finance and
entrepreneurship.

5. Career Journey
●Commenced career in SME finance at Bank of India in 2010, gaining valuable insights into the financial
sector.
●Founded TAB Capital Limited in 2014, focusing on digital lending for MSME, personal, and consumer
loans.
●Led TAB Capital's growth as Chairman and Managing Director, achieving profitability and establishing
a strong presence.
●Poonawalla group's acquisition of TAB Capital in 2019, marking a strategic transition for the company.
●Bhutada's role as Managing Director & CEO of Poonawalla Fincorp, leading the company towards
exponential growth.

6. Achievements at Poonawalla Fincorp
●Under Bhutada's leadership, Poonawalla Fincorp achieved profitability within its first year of
operations.
●Implementation of innovative strategies led to exponential growth and market prominence.
●Attained an "AA+" external credit rating from CARE Ratings Limited, reflecting the company's
robust financial performance and stability.

7. Expansion and Rebranding
●Acquisition of Magma Fincorp Limited in 2021, expanding Poonawalla Fincorp's portfolio and
market presence.
●Rebranded as Poonawalla Fincorp, reflecting the company's evolution and commitment to
serving diverse financial needs.
●Achieved an "AAA" external credit rating from CRISIL Ratings Limited and CARE Ratings
Limited, affirming Poonawalla Fincorp's credibility and stability in the NBFC sector.

8. Industry Recognition
Abhay Bhutada's active involvement in industry forums and corporate social responsibility initiatives
earned him prestigious awards:
●Young Entrepreneur of India 2017
●Promising Entrepreneur of India 2019
●Global Indian of the Year 2023
●Lokmat’s Maharashtrian Of The Year 2024 award

9. Digital Transformation Initiatives
Leveraging Digitalization
●Bhutada's emphasis on digitization of processes and implementation of robotic process
automation in operations.
●Digital-first Approach: Enabling faster, error-free, and scalable processes to enhance customer
experience and operational efficiency.