Home » Magma Fincorp appoints Adar Poonawalla as...

Magma Fincorp appoints Adar Poonawalla as chairman

Sumit Arora Last updated on June 2nd, 2021 05:23 pm Leave a comment

Magma Fincorp has appointed Adar Poonawalla as its chairman as part of a management overhaul following the Poonawala-controlled Rising Sun Holdings acquiring a controlling stake in it. Rising Sun invested Rs 3,456 crore in the non-bank lender earlier this month. Magma will soon be rebranded as Poonawalla Group company. The lender has also appointed Abhay Bhutada as MD & Vijay Deshwal as CEO.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Important takeaways for all competitive exams:

Magma Fincorp Headquarters: West Bengal;
Magma Fincorp Founder: Mayank Poddar and Sanjay Chamria;
Magma Fincorp Founded: 1988.

Find More Appointments Here

Check: Latest Current Affairs 2025

About the Author

Sumit Arora

Author

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.