Poonawala Fincorp Appoints Arvind Kapil as New CEO

Arvind Kapil has been appointed as the new Managing Director and Chief Executive Officer (MD & CEO) of Poonawalla Fincorp.

An Overview of the News

Arvind Kapil has over 26 years of experience in the banking sector, most notably as the Country Head of Mortgage at HDFC Bank.
Kapil holds a master's degree in management and engineering as well as advanced management programs from Harvard Business School and IIM Bangalore.
Kapil's tenure as MD and CEO is effective for five years starting June 24, 2024, subject to shareholder approval.
Current MD and CEO Abhay Bhutada will retire early from his post with effect from June 23, 2024. However, he will continue to be a non-executive director on the Poonawalla Fincorp board.

About Poonawala Fincorp

Parent Organization - Rising Sun Holdings Private Limited

Established - 1988

Headquarters - Pune

Chairman - Adar Poonawalla

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