Poonawalla Fincorp plans to a billion dollars to raise NBFC operations

The Poonawalla Group plans to raise one billion dollars by the end of 2025 to expand its non -banking financial company (NBFC), Poonawalla Fincorp.

Increasing the proposed capital may be through a qualified institutional status (QIP) or by bringing in a financial investor. The funds will be a basic pumping – no secondary component is considered.

“We are likely to go to a billion dollar capital at the end of this year via QIP or take a financial investor to the company – all in the primary, not secondary.” He added: “Financial companies need a lot of capital to grow.”

Poonawalla Fincor is currently assets under management (AUM) with a value of 35,000 rupees. He said that the company is used four times against its net wealth. Punola said that the increase in capital aims to grow at a rate of 30-40 % annually, and the increase in capital aims to support this level of expansion while maintaining the levels of current leverage.

While SII remains essential in the group’s operations, it gradually increases its participation in financial services, insurance and real estate. “We want to take all of our capital and put it in our NBFC to develop it,” said Bonola.

In March, Bonolas sold his share in Magma Insurance to Batangali Ayurif, led by Baba Ramediv and the DS group for 4,500 rupees. The deal changed the company’s ownership structure, where Patanjali and DS Group got together 98 %.

The deal was implemented through Sanoti Properties, where Poonawalla got a 90 % stake, making it a major car in the deal. Its exit from Magma Insurance reflects a shift in strategic priorities, as resources of insurance restore to its financial services and lending companies. “We want to focus on our business in NBFC,” he said.

Real estate currently constitutes about 10 % of group activity. Punola said they are approaching the Strip with caution and selectively participating in the main sites. The group also has the Ritz-Carlton Hotel in Pune, and you may consider the limited expansion of hospitality.

According to Poonawalla, the broader trend of economic growth in India is to open opportunities between sectors, including financing. “As the country grows in the direction in which it is located, there is an opportunity,” he said.

Poonawalla Fincorp has expanded its presence in digital lending, personal loans, and the financing of small and medium -sized companies, with the support of a growing credit market in India. In the event of this, an increase of one billion dollars will be used to enhance NBFC lending capacity. “The serum will remain our primary focus,” said Bonola. However, financial services have become an important part of the group portfolio.