Poonawalla Fincorp
Indian financial services company
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| December 2022 | Poonawalla Fincorp announced the sale of its subsidiary, Poonawalla Housing Finance, to Perseus SG, an entity of TPG Global. |
| 2021 | Poonawalla Group acquired a majority stake in the company, transforming it from Bajaj Finance to Poonawalla Fincorp and marking a significant ownership transition in the financial services sector. |
| July 22 2021 | Company officially changed its name from Magma Fincorp to Poonawalla Fincorp following the investment by Rising Sun Holdings. |
| March 2021 | Magma HDI announced a capital infusion from ICICI Ventures, Cyza Chem, and Morgan Stanley. |
| February 2021 | Rising Sun Holdings, a company controlled by Adar Poonawalla, made a significant financial investment in the company. |
| 2020 | The company underwent a significant transformation, rebranding from Magma Fincorp to Poonawalla Fincorp, marking a new era in its corporate identity. |
| April 2018 | Raised Rs. 500 Cr through a Qualified Institutional Placement (QIP). |
| 2016 | Mayank Poddar stepped down as chairman. |
| March 2015 | Received Rs. 500 Cr investment from KKR, Indium V, and LeapFrog Investments. |
| 2012 | Magma Fincorp became a publicly listed company, expanding its reach and visibility in the Indian financial market. |
| 2012 | Commenced general insurance operations, acquired 7% stake in Experian Credit Information Company of India, and acquired GE Money Housing Finance and home equity loan portfolio from GE Capital India. |
| 2011 | Received approximately $100 million investment from Kohlberg Kravis Roberts and International Finance Corporation (World Bank Group). |
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