Under the guidance of Abhay Bhutada, MD, Poonawalla Fincorp has experienced a significant metamorphosis since its takeover in May 2021. Bhutada's strategic foresight, effective implementation skills, and business expertise have driven the company to unprecedented levels of success, resulting in impressive expansion, solid asset performance, and exceptional profitability.

1. The Poonawalla Fincorp Management Shift:
From Abhay Bhutada To Arvind Kapil

2. Under the guidance of Abhay Bhutada, MD, Poonawalla Fincorp has
experienced a significant metamorphosis since its takeover in May
2021. Bhutada's strategic foresight, e ective implementation
skills, and business expertise have driven the company to
unprecedented levels of success, resulting in impressive
expansion, solid asset performance, and exceptional profitability.

3. Recognizing Bhutada’s Contributions
In a declaration, Adar Poonawalla praised
Bhutada's outstanding leadership and
foresight, emphasizing his crucial contribution
to elevating Poonawalla Fincorp to a dominant
position in the financial services industry.
Bhutada's strategic moves, along with his
unwavering dedication to enhancing
operational efficiency, have set the stage for
Poonawalla Fincorp to achieve enduring
growth and prosperity in the future.

4. Bhutada’s Transition to a Strategic Role
The choice to shift Bhutada to a strategic position reflects the company's trust in his
capacity to generate lasting value and lead transformative endeavors throughout the
Cyrus Poonawalla Group. Bhutada's strategic insight, combined with his extensive
knowledge of the financial services sector, positions him effectively for this new role.
Here, he will assume a crucial role in defining the group's strategic path and fostering
expansion.

5. Introducing Arvind Kapil: A Leader Poised for Success
Arvind Kapil is set to take the helm as the new
Managing Director and CEO of Poonawalla
Fincorp, bringing a wealth of experience and
expertise with him. With a successful history
of overseeing substantial business portfolios at
HDFC Bank, along with strong academic
qualifications and strategic proficiency, Kapil
is poised to guide Poonawalla Fincorp through
its next stage of development and expansion.

6. Kapil’s Credentials and Expertise
Kapil's qualifications testify to his capability and leadership promise. Serving as the
group head of mortgage banking business at HDFC Bank, he adeptly oversaw various
portfolios such as home loans, loans against property (LAP), and sales business,
showcasing his versatility and profound comprehension of the financial services sector.
Across his professional journey, Kapil has earned accolades for his strategic foresight,
operational proficiency, and dedication to fostering enduring growth. His leadership at
HDFC Bank played a pivotal role in molding the bank's mortgage banking business
and generating value for its stakeholders.

7. The Promise of Continued Growth and Innovation
The leadership transition at Poonawalla
Fincorp symbolizes not only a shift in
management but also a dedication to continual
growth, innovation, and value generation.
With Bhutada providing strategic direction
and Kapil leading the charge, the company is
primed to seize emerging opportunities and
provide value to its stakeholders.

8. Charting a Course for Success
As stakeholders anticipate the evolution of this fresh phase in Poonawalla Fincorp's
trajectory, there's a tangible feeling of anticipation and positivity. With Bhutada's
strategic foresight, Kapil's leadership, and supported by the company's robust
fundamentals and market position, Poonawalla Fincorp is aptly positioned to navigate a
path towards sustained success and prosperity within the dynamic financial services
realm.

9. Conclusion
The importance of sound governance and ethical behavior in the corporate world cannot
be overstated. Beyond moral imperatives, robust governance frameworks and ethical
standards are crucial for fostering trust, enhancing reputation, mitigating risks, and
fostering long-term value creation.
By placing a priority on good governance and ethical practices, companies can steer
themselves toward sustainable growth, resilience, and prosperity amid the constantly
evolving business landscape.

10. Thank you