Poonawalla Fincorp Launches Commercial Vehicle Financing Division
ROADS & HIGHWAYS

Poonawalla Fincorp Launches Commercial Vehicle Financing Division

Poonawalla Fincorp (PFL), a non-banking finance company backed by the Cyrus Poonawalla Group, has introduced its Commercial Vehicle (CV) Secured Loan Business. This new financial offering provides funding for small, light, intermediate, and heavy commercial vehicles from all leading manufacturers, including both new and used vehicle purchases.  

Initially, the company will operate in 68 locations across 12 states, with plans to expand to 400 locations across 20 states using a hub-and-spoke model. The loans will be accessible through multiple channels, including direct-to-customer services, dealers, and partners.  

To enhance efficiency, PFL has implemented a technology-driven solution that minimizes documentation requirements and accelerates loan processing times. The system integrates with technology partners to establish robust assessment frameworks, ensuring verification through credible sources.  

The company is strategically targeting India's expanding logistics and transportation sectors, focusing on tier 2 and tier 3 markets. A significant portion of the CV loan portfolio is expected to come from the used commercial vehicle segment.  

As of December 31, 2024, Poonawalla Fincorp reported an Assets Under Management (AUM) of Rs 309.84 billion. The company has a workforce of approximately 2,560 employees, operating across 18 states and two Union Territories.  

News source: The Hindu Businessline

Poonawalla Fincorp (PFL), a non-banking finance company backed by the Cyrus Poonawalla Group, has introduced its Commercial Vehicle (CV) Secured Loan Business. This new financial offering provides funding for small, light, intermediate, and heavy commercial vehicles from all leading manufacturers, including both new and used vehicle purchases.  Initially, the company will operate in 68 locations across 12 states, with plans to expand to 400 locations across 20 states using a hub-and-spoke model. The loans will be accessible through multiple channels, including direct-to-customer services, dealers, and partners.  To enhance efficiency, PFL has implemented a technology-driven solution that minimizes documentation requirements and accelerates loan processing times. The system integrates with technology partners to establish robust assessment frameworks, ensuring verification through credible sources.  The company is strategically targeting India's expanding logistics and transportation sectors, focusing on tier 2 and tier 3 markets. A significant portion of the CV loan portfolio is expected to come from the used commercial vehicle segment.  As of December 31, 2024, Poonawalla Fincorp reported an Assets Under Management (AUM) of Rs 309.84 billion. The company has a workforce of approximately 2,560 employees, operating across 18 states and two Union Territories.  News source: The Hindu Businessline

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?