Poonawalla Fincorp Limited, an Indian non-banking finance company (NBFC), announces a partnership with One MobiKwik Systems, another Fintech Company. Just a few days ago (15 April 2025), Poonawalla Fincorp announced that the company is going to enter the gold loan market, covering tier 2 and tier 3 cities of India. Since then, the company’s shares have been in focus and are up by 8%.
On 21 April, One MobiKwik Systems and Poonawalla Fincorp joined hands to offer instant personal loans. The collaboration aims to democratize quick access to credit for millions of people through MobiKwik’s ZIP EMI product. Through this, one can get personal loans ranging from INR 50,000 to INR 15,00,000.
Today, on 22 April 2025, the company (Poonawalla Fincorp) has another breaking news; entered the Consumer Durable Loans Market. The company has done this to accelerate customer acquisition and unlock high-yield growth.
Share Price Insight of Poonawalla Fincorp
On 21 April 2025, Poonawalla Fincorp Limited opened at ₹386.55 from its previous close of ₹384.65. Throughout the trading day (21 April 2025), the price of the stock faced many ups and downs, with a single-day high of ₹399.60, and it closed at ₹396.65.
On 22 April 2025, Poonawalla Fincorp Limited opened at ₹396.65 same as its previous close.
Partnering with a Fintech Company and Entering the Consumer Durables Loans Market
There are three big moves in a week taken by the company, Poonawalla Fincorp, first is entering to gold loan market, second is partnering with One MobiKwik Systems for personal loan, and the third one is entering the consumer durable loans market.
These moves/decisions made by the company will help expand the business.
Poonawalla Fincorp Share Performance for 5 Days, 1 Month, and 6 Months:
In the last 5 days, Poonawalla Fincorp has delivered an 8.43% return, while in the last 1 month, it has given a 16.12% return. In 6 months, the price has gone up by 10.98%.
Shareholding Pattern of Poonawalla Fincorp
| Perticulars | June 2024 | Sep. 2024 | Dec. 2024 | March. 2025 |
| Promotors | 62.09% | 61.87% | 62.36% | 62.53% |
| FIIs | 7.85% | 7.72% | 8.19% | 9.98% |
| DIIs | 6.77% | 9.63% | 11.82% | 11.12% |
| Public | 22.64% | 20.12% | 16.98% | 15.72% |
| Others | 0.66% | 0.65% | 0.65% | 0.65% |
About Poonawalla Fincorp
Poonawalla Fincorp (erstwhile Magma Fincorp Limited) is an RBI-registered NBFC (Non-banking finance company). It provides pre-owned car finance, personal loans, loans to professionals, business loans, loans against property, supply chain finance, machinery loans, medical equipment loans, and consumer loans.
Now, the company has made three big decisions, first, entering to the gold loan business by setting up 400 branches across India, mainly in tier 2 and tier 3 cities like Ahmedabad, Jaipur, Kochi, Indore, Visakhapatnam, Nagpur, Chandigarh, Coimbatore, Patna, etc., second is partnering with another fintech company to provide personal loan services, and the third is to entering consumer durable loans market.
Disclaimer: This article is intended solely for educational use. Information about the companies referenced may evolve over time. The securities mentioned serve as examples and should not be considered investment recommendations.