Finance Our Way

  The Abhay Bhutada Foundation (ABF), created by the innovative leader Abhay Bhutada, aims to make a profound impact on community health in India. With a strong background in finance and a passion for technology, Bhutada established ABF to address essential healthcare needs in underserved areas, using innovative and sustainable methods. Abhay Bhutada: Leading with Vision Abhay Bhutada , Founder and Chairman of ABF, also serves as the Non-Executive Director on the Board of Poonawalla Fincorp Limited (PFL). Born in Latur, Maharashtra, Bhutada graduated from Symbiosis International University in 2005 with a Commerce degree and became a Chartered Accountant in 2009. His career began in 2010 as an SME Finance Professional with the Bank of India, where he quickly rose through the ranks, showcasing his entrepreneurial and leadership skills. As the former MD of Poonawalla Fincorp, Bhutada received multiple awards, including "Young Entrepreneur of India 2017," "Promising Entrepre

  India’s been losing some of its best and brightest to other countries, but Infosys founder N.R. Narayana Murthy has a plan to fix that. He calls it "compassionate capitalism," and it’s all about keeping our talent right here in India. What’s Compassionate Capitalism? Compassionate capitalism is Narayana Murthy ’s brainchild, mixing the money-making spirit of capitalism with a big heart. It means making sure everyone can get a slice of the economic growth pie, so they don’t feel like they need to leave for better chances elsewhere. Murthy says our leaders need to make sure young people thrive here. By making growth inclusive, compassionate capitalism gives folks the chance to grow personally and professionally without having to look abroad. Why Brain Drain is a Big Deal When talented folks leave, it hurts India’s ability to innovate and grow. We lose out on their smarts and creativity. Murthy thinks we need to build a system that not only keeps our talent but also attracts o

  The financial sector in India is undergoing a profound transformation in this rapidly evolving digital age. Spearheaded by initiatives like Digital India and fueled by widespread internet accessibility, digitalization has become the cornerstone of financial empowerment, particularly for citizens residing in small towns and rural areas. The Digital Leap The advent of digital banking has revolutionized the way financial services are accessed and utilized across the country. With over 600 million smartphone users, India has emerged as a global leader in embracing digital transactions. The rise of mobile applications, online payment platforms, and digital wallets has democratized financial access, transcending geographical barriers and socioeconomic constraints. Also Read: MD Abhay Bhutada Provides Glimpse of Poonawalla’s Co-Branded Card Strategy in Q4 Empowering Small Town Aspirations Abhay Bhutada, Poonawalla Fincorp’s former MD, hails from Latur, Maharashtra—a small town that has wit

  Poonawalla Fincorp Limited is taking bold steps to empower its employees by unveiling a significant stock option grant under its Employee Stock Option Plan-2024 Scheme-II (ESOP-2024 Scheme-II). This recent development, announced through an exchange filing, aligns the company’s growth ambitions with employee interests, nurturing a culture of shared success and long-term dedication. Dissecting the Announcement On June 17, 2024, the Nomination and Remuneration Committee of Poonawalla Fincorp’s Board of Directors approved the distribution of stock options under the ESOP-2024 Scheme-II. This strategic move allocated a generous 2,000,000 stock options in Tranche-04 and an additional 230,000 in Tranche-05. The exercise prices for these options are Rs. 471.55 for Tranche-04 and Rs. 438.53 for Tranche-05, reflecting the company’s current valuation. These prices provide employees with a promising opportunity to participate in the company’s future success. The vesting schedule adheres to the gu