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Abhay Bhutada Leads Poonawalla
Fincorp To Record Growth In FY24
Poonawalla Fincorp's Triumph in FY24: A Journey
of Excellence
● In FY2024, Poonawalla Fincorp, under the leadership of Abhay Bhutada, achieved
remarkable success, experiencing a significant surge in its assets under management
(AUM), thus setting new benchmarks in the financial sector.
Quarterly Triumphs
● In FY2024 Q4, Poonawalla Fincorp's AUM surged by 54% to Rs 24,800 crore, driven
by robust disbursements. Sequentially, AUM grew by 13% from Q3FY24. Total
disbursements rose 52% YoY to around Rs 9,680 crore and 11% sequentially to Rs
8,731 crore. These figures underscore Poonawalla Fincorp's commitment to customer
service and signify substantial growth.
Abhay Bhutada's Elation
● MD Abhay Bhutada of Poonawalla Fincorp expressed his delight, calling Q4FY24
the best quarter yet, marked by record-high quarterly disbursements across all
products via organic channels, coupled with top-notch asset quality. These
achievements highlight Poonawalla Fincorp's unwavering dedication to excellence
and customer-centricity under Bhutada's leadership.
Excellence in Asset Quality
● As for asset quality, the NBFC stands firm with Gross Non-Performing Assets
(GNPA) below 1 percent and Net Non-Performing Assets (NNPA) below 0.60
percent. With a vision set on the horizon, Poonawalla Fincorp aims to maintain
NNPA below 1 percent in line with the Management Vision 2025. These aspirations
are not merely ambitious but rooted in a solid foundation of prudent risk management
and unwavering dedication to customer satisfaction.
Journey of Transformation
● Reflecting on the remarkable growth witnessed in FY24, Abhay Bhutada remarked, “FY24
was the year of significant growth across all business parameters reflective of successful and
seamless transformation. The year witnessed remarkable improvement not only on AUM but
also on profitability and credit quality across four quarters.” Such sentiments encapsulate the
ethos driving Poonawalla Fincorp’s journey — a relentless pursuit of excellence and a
commitment to surpassing expectations at every turn.
Abhay Bhutada's Leadership
● Reflecting on the remarkable growth witnessed in FY24, Abhay Bhutada remarked, “FY24
was the year of significant growth across all business parameters reflective of successful and
seamless transformation. The year witnessed remarkable improvement not only on AUM but
also on profitability and credit quality across four quarters.” Such sentiments encapsulate the
ethos driving Poonawalla Fincorp’s journey — a relentless pursuit of excellence and a
commitment to surpassing expectations at every turn.
Thank you

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Abhay Bhutada Leads Poonawalla Fincorp To Record Growth In FY24

  • 1. Abhay Bhutada Leads Poonawalla Fincorp To Record Growth In FY24
  • 2. Poonawalla Fincorp's Triumph in FY24: A Journey of Excellence ● In FY2024, Poonawalla Fincorp, under the leadership of Abhay Bhutada, achieved remarkable success, experiencing a significant surge in its assets under management (AUM), thus setting new benchmarks in the financial sector.
  • 3. Quarterly Triumphs ● In FY2024 Q4, Poonawalla Fincorp's AUM surged by 54% to Rs 24,800 crore, driven by robust disbursements. Sequentially, AUM grew by 13% from Q3FY24. Total disbursements rose 52% YoY to around Rs 9,680 crore and 11% sequentially to Rs 8,731 crore. These figures underscore Poonawalla Fincorp's commitment to customer service and signify substantial growth.
  • 4. Abhay Bhutada's Elation ● MD Abhay Bhutada of Poonawalla Fincorp expressed his delight, calling Q4FY24 the best quarter yet, marked by record-high quarterly disbursements across all products via organic channels, coupled with top-notch asset quality. These achievements highlight Poonawalla Fincorp's unwavering dedication to excellence and customer-centricity under Bhutada's leadership.
  • 5. Excellence in Asset Quality ● As for asset quality, the NBFC stands firm with Gross Non-Performing Assets (GNPA) below 1 percent and Net Non-Performing Assets (NNPA) below 0.60 percent. With a vision set on the horizon, Poonawalla Fincorp aims to maintain NNPA below 1 percent in line with the Management Vision 2025. These aspirations are not merely ambitious but rooted in a solid foundation of prudent risk management and unwavering dedication to customer satisfaction.
  • 6. Journey of Transformation ● Reflecting on the remarkable growth witnessed in FY24, Abhay Bhutada remarked, “FY24 was the year of significant growth across all business parameters reflective of successful and seamless transformation. The year witnessed remarkable improvement not only on AUM but also on profitability and credit quality across four quarters.” Such sentiments encapsulate the ethos driving Poonawalla Fincorp’s journey — a relentless pursuit of excellence and a commitment to surpassing expectations at every turn.
  • 7. Abhay Bhutada's Leadership ● Reflecting on the remarkable growth witnessed in FY24, Abhay Bhutada remarked, “FY24 was the year of significant growth across all business parameters reflective of successful and seamless transformation. The year witnessed remarkable improvement not only on AUM but also on profitability and credit quality across four quarters.” Such sentiments encapsulate the ethos driving Poonawalla Fincorp’s journey — a relentless pursuit of excellence and a commitment to surpassing expectations at every turn.