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Abhay Bhutada Founder & Chairman, Abhay Bhutada Foundation & Director, Poonawalla Fincorp
Managing Director, Poonawalla Fincorp
Abhay Bhutada is an accomplished leader and the Non-Executive Director on the Board of Poonawalla Fincorp Limited (PFL), a systemically important non-deposit-taking NBFC headquartered in Pune, India. With over 15 years of experience in commercial and retail lending, Abhay is a Qualified Chartered Accountant, passionate about using technology to enhance customer experience, and has been instrumental in setting up the lending business for the Poonawalla Group.
His vision of leveraging technology to enhance financial services has led to the growth and success of the companies he has been a part of.
Abhay Bhutada was born in Latur, Maharashtra, India. He graduated in Commerce from Symbiosis International University in 2005, and in 2009 became a Chartered Accountant. Abhay started his professional journey in 2010 as an SME Finance Professional with the Bank of India. Since then, he has been a serial entrepreneur, earning multiple awards and laurels. In 2016, Abhay founded TAB Capital Limited, a digital-lending NBFC focused on retail loans, including MSME and consumer lending.
In 2019, Abhay co-founded and joined Poonawalla Finance Private Limited as Managing Director and CEO, where he developed a digital-focused approach to lending. Under his leadership, the company reported profits in its first year of operations and received an external credit rating of “AA+” by CARE Ratings Limited.
In 2021, Abhay spearheaded the acquisition of a 3-decade old financial services conglomerate and successfully integrated the acquisition and transition process with his digital-first approach.
Under his leadership, Poonawalla Fincorp received an external credit rating of ‘AAA’ by CRISIL Ratings Limited and CARE Ratings Limited. He consistently demonstrated team and leadership development skills and strongly focuses on improving culture and systems to build a profitable franchise with good asset quality.
Given his leadership, execution skills and business acumen, in 2024, Abhay Bhutada has been elevated to group level and will be taking up strategic & larger role at the Cyrus Poonawalla Group for managing its strategy, investment & finance. He shall continue to be as Non-Executive Director on the Board of Poonawalla Fincorp Ltd.
Abhay is actively involved as a member of renowned industry forums such as CII, ASSOCHAM, FICCI, and FIDC. He has also contributed towards Corporate Social Responsibility in healthcare and education.
He has been recognized for his contributions to the industry, earning accolades such as the “Young Entrepreneur of India 2017,” “Promising Entrepreneur of India 2019,” and “40 under 40 Most Influential Leader for 2020-21.” In his personal life, Abhay believes in mindfulness in the workplace and enjoys gardening, practicing yoga, and regular exercise.
Abhay believes every day is a new opportunity, every failure is a stepping-stone, and every milestone is a chance to introspect and improve.
Opening address by Abhay Bhutada, MD, Poonawalla Fincorp at Rising India Summit 2023
Awards & Accolades
In The News
![Abhay Bhutada, Managing Director, Poonawalla Fincorp, CA Abhay Bhutada](https://abhaybhutada.com/wp-content/uploads/2023/05/abhay-bhutada-Toi-thumbnail.jpeg)
Confident of maintaining NIMs above 10%: Abhay Bhutada, Poonawalla Fincorp
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What Are Key Differentiating Points In Poonawalla Fincorp? | Explains MD Abhay Bhutada
![Poonawalla Fincorp led by Managing Director, Abhay Bhutada](https://abhaybhutada.com/wp-content/uploads/2023/02/Rectangle-29-1.png)
‘Confident Of Maintaining NIM Above 10%,’ Abhay Bhutada, Poonawalla Fincorp
![Abhay Bhutada, Managing Director, Poonawalla Fincorp, CA Abhay Bhutada](https://abhaybhutada.com/wp-content/uploads/2023/05/abhay-bhutada-Toi-thumbnail.jpeg)
Confident of maintaining NIMs above 10%: Abhay Bhutada, Poonawalla Fincorp
![Abhay Bhutada, Managing Director, Poonawalla Fincorp, CA Abhay Bhutada](https://abhaybhutada.com/wp-content/uploads/2023/05/abhay-bhutada-Toi-thumbnail.jpeg)
Bridging the financing gap: Empowering MSMEs through collaborative financing
![Abhay Bhutada, Managing Director, Poonawalla Fincorp, CA Abhay Bhutada](https://abhaybhutada.com/wp-content/uploads/2023/04/Abhay-Bhutada-770x433-1.jpg)
With asset quality in good shape and AUM growth on track, Poonawalla Fincorp to focus on profitability: Abhay Bhutada
![Poonawalla Fincorp led by Managing Director, Abhay Bhutada](https://abhaybhutada.com/wp-content/uploads/2023/02/Rectangle-29-1.png)
‘First-mover advantage, speed of execution pivotal in our innovation journey’: Abhay Bhutada, MD Poonawalla Fincorp
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Poonawalla Fincorp Q3FY23 PAT Hikes 88% YoY To Rs 150 Cr
![Poonawalla Fincorp led by Managing Director, Abhay Bhutada](https://abhaybhutada.com/wp-content/uploads/2023/02/Rectangle-29-1.png)
Poonawalla Fincorp sells housing finance arm to TPG for ₹3,900 crore
![Abhay Bhutada, Managing Director, Poonawalla Fincorp](https://abhaybhutada.com/wp-content/uploads/2023/03/Abhay-Bhutada-Managing-Director-Poonawalla-Fincorp.png)
Interview | With digital-first focus, we are aiming for double digit growth in FY22: Poonawalla Fincorp MD CA Abhay Bhutada
![Abhay Bhutada, Managing Director, Poonawalla Fincorp](https://abhaybhutada.com/wp-content/uploads/2023/02/Rectangle-29.png)
Interview | With digital-first focus, we are aiming for double digit growth in FY22: Poonawalla Fincorp MD CA Abhay Bhutada
Insights
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Why are MSME loans emerging as a preferred choice for entrepreneurs?
![Abhay Bhutada, Managing Director, Poonawalla Fincorp](https://abhaybhutada.com/wp-content/uploads/2023/03/Abhay-Bhutada-Managing-Director-Poonawalla-Fincorp.png)
Digital Lending and accelerated transformation of Financial Services in India
![Abhay Bhutada - Building New-Age Financial Products by Leveraging Technology](https://abhaybhutada.com/wp-content/uploads/2023/06/woman-credit-shopping-smartphone-manager.jpg)
Building New-Age Financial Products by Leveraging Technology
![Abhay Bhutada - Digital Lending Reshaping NBFCs: A Glimpse into the Future](https://abhaybhutada.com/wp-content/uploads/2023/06/businessman-touching-red-icon-connected.jpg)
Digital Lending Reshaping NBFCs: A Glimpse into the Future
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