 "loans, aum, assets, banks, investment, shares, stocks, funds")
After consolidating control in the erstwhile Magma Fincorp, Poonawalla group is planning to raise its assets under management (AUM) to Rs 45,000 crore by 2025, almost triple from the current levels. The company, now renamed as Poonawalla Fincorp, would also look at listing its housing finance subsidiary with an AUM of Rs 10,000 crore and bring down net non performing assets (NPAs) below one per cent by 2025.
Abhay Bhutada, Managing Director, Poonawalla Fincorp said the company is working to be among the top 3 NBFCs for consumer and small business finance by 2025. It is looking at risk-calibrated accelerated
