Introduction:
Poonawalla Fincorp Limited, an Indian non-banking finance company (NBFC), plans to strengthen its presence across Tier 2 and Tier 3 cities of India, like- Ahmedabad, Jaipur, Kochi, Indore, Visakhapatnam, Nagpur, Chandigarh, Coimbatore, Patna, etc, and plans to open 400 new branches in the next four quarters.
Share Price Insight of Poonawalla Fincorp:
On 11 April 2025, Poonawalla Fincorp Limited opened at ₹356.00 from its previous close of ₹352.25. Throughout the trading day (11 April 2025), the price of the stock faced many ups and downs, with a single-day high of ₹367.90, and it closed at ₹366.30.
On 15 April, Poonawalla Fincorp Limited opened at ₹374.50 from its previous close of ₹366.30.
Poonawalla Fincorp Launches Gold Loan Services, Expands with 400 New Branches Across India:
Playing a leading role in the expansion of the gold loan market, Poonawala Fincorp plans to expand with 400 new branches across India. The company is most prominently trying to cover Tier 2 and Tier 3 cities of India.
The company aims to provide secure, fast, and transparent financing solutions for individuals and businesses. With this decision, it caters to diverse financial needs such as business expansion, agriculture costs, and personal expenses.
Gold Loan Market Size in India:
As of FY 2023-24, the organized gold loan market was valued at approximately ₹7.1 lakh crore, with future projections to exceed ₹10 lakh crore in the current financial year. By March 2027, it is assumed to reach ₹15 lakh crore, which would be a great milestone for the market.
Latest News on Poonawalla Fincorp (15 April 2025):
As of writing this article on April 15, 2025, leading non-banking finance company (NBFC), Poonawala Fincorp is set to launch 400 new gold loan branches across Tier 2 and Tier 3 cities in India, aiming to provide safe, fast, and transparent financing solutions for all.
This move of the company will help individuals and businesses to meet their financial needs like business expansion, agricultural costs, and personal expenses. This decision will also help expand the business of Poonawalla Fincorp and add more revenue to the company’s pocket.
Poonawalla Fincorp Share Performance for 5 Days, 1 Month, and 6 Months:
In the last 5 days, Poonawalla Fincorp has delivered a 9.68% return, while in the last 1 month, it has given a 22.66% return. In 6 months, the price has fallen by 1.16%.
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 plans to enter into 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.
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.