Poonawalla Fincorp appoints new Group CHRO

Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has revamped, and strengthened its leadership team. As a part of the transformation exercise, Poonawalla Fincorp has brought in various industry leaders through a string of top executive hirings across the functions. 

As part of this revamp, Manish Kumar has been appointed as Group CHRO. Manish brings with him vast experience across BFSI space with players like RBS, IDFC and ICICI bank. He has earlier driven transformations and will be driving people management for the group. 

On his appointment, Manish said, “The focus on building the right culture to create a bedrock for growth is going to be the single most important thing in the transformation exercise.”

In addition, Rajendra Tathare, has joined Poonawalla as its Chief Credit Officer, Rashmi Prasad joined as Head Analytics, Mitul Budhbhatti joined the company for Credit & Risk Monitoring, Surya V. has joined as its Chief Strategy Officer while Indiresh Phaltankar will lead the company’s foray into the Loan against Property (LAP) business as Business Head for this product. 

The revamp comes as the company aims to rebuild the organization with a solid footing. The highly experienced and talented management team is what it is banking on to become a pillar for its growth journey.