How Abhay Bhutada-Led Poonawalla Fincorp Emerged As A Leader In The Lending Space

Under the visionary leadership of Managing Director Abhay Bhutada, Poonawalla Fincorp has emerged as a leader in the lending sector, experiencing remarkable growth with Assets Under Management surpassing Rs. 25,000 crore and Profit After Tax exceeding Rs. 1,000 crore in FY2024. The company's success is attributed to strong risk and governance practices, strategic vision, and a customer-centric approach. Poonawalla Fincorp achieved a Net NPA ratio below 0.5%, surpassed ambitious targets, and leveraged technology to enhance operations and customer experience. Bhutada’s dynamic leadership and strategic foresight have positioned the company for continued success and future growth in the NBFC space.

1. How Abhay Bhutada-Led
Poonawalla Fincorp Emerged As A
Leader In The Lending Space

2. Leadership and Transformation:
●Under Abhay Bhutada's leadership, Poonawalla Fincorp has
transformed and emerged as a leader in the lending sector.
●Over the past three years, the company experienced
significant growth with Assets Under Management (AUM)
surpassing Rs. 25,000 crore and Profit After Tax (PAT)
exceeding Rs. 1,000 crore in FY2024.

3. Robust Risk and Governance
Practices
●The company's success is attributed to strong risk and
governance practices.
●Emphasis on risk management, governance, and operational
efficiency has led to superior asset quality and high collection
efficiency.

4. Strategic Vision and Achievements
●Achieved a Net Non-Performing Asset (NPA) ratio below
0.5%, surpassing the Vision 2025 target ahead of schedule.
●Maintained a Gross NPA below 1% as of May 31, 2024.

5. Financial Performance
●Recorded the highest-ever yearly PAT of over 1000 crore in
FY24, highlighting robust financial health and operational
efficiency.

6. Technology Integration
●Leveraged technology to streamline operations, enhance
customer experience, and drive innovation.
●Positioned as a leader in digital transformation within the
NBFC sector.

7. Customer-Centric Approach
●Focused on customer satisfaction by tailoring products and
services to meet client needs.
●Set new benchmarks in the lending industry through a
customer-centric strategy.

8. Ambitious Targets and Over-Delivery
●Known for setting and surpassing ambitious targets,
reinforcing a culture of over-delivery.
●Consistently exceeded targets, contributing to the company's
success.

9. Future Prospects
●Strong market presence and robust financial performance
provide a solid foundation for future growth.
●Bhutada’s strategic vision and commitment to excellence
position the company for continued success.

10. Conclusion
●Bhutada's leadership has driven Poonawalla Fincorp to new
heights.
●His legacy of vision, strategy, and execution will continue to
guide the company towards future achievements.