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The Remarkable Journey Of Abhay Bhutada: Unveiling His Impact And Earnings At Poonawalla Fincorp
Meet Abhay Bhutada, a name synonymous with innovation and leadership in the finance sector. As the Managing Director of Poonawalla Fincorp, his journey from a Chartered Accountant to a prominent figure in the industry has been nothing short of inspiring. Let's delve into Abhay Bhutada's remarkable career, his impact at Poonawalla Fincorp, and his noteworthy salary journey.
Early Life
Born in Latur, Maharashtra, Abhay Bhutada's journey began with humble roots. He pursued his education at Venkatesh Vidyalaya and Rajarshi Shahu College before obtaining a bachelor's degree in Commerce from Symbiosis International University. In 2009, he achieved the milestone of becoming a Chartered Accountant, laying the foundation for his future endeavors.
Also Read: Who is Abhay Bhutada?
Career
Abhay's career trajectory exemplifies determination and vision. He commenced his journey as an SME finance professional at the Bank of India in 2010, where he honed his skills in financial management. In 2014, he ventured into entrepreneurship by founding TAB Capital Limited, a digital lending NBFC catering to MSME loans, personal loans, and consumer loans. Under his leadership, TAB Capital flourished, ultimately catching the eye of Poonawalla Finance, leading to its acquisition. Abhay's role as Managing Director & CEO at Poonawalla Finance marked a new chapter in his career, culminating in the formation of Poonawalla Fincorp in 2021 through the acquisition of Magma Fincorp Limited.
Abhay Bhutada Salary Journey
Abhay Bhutada's salary journey reflects his significant contributions to Poonawalla Fincorp. In the fiscal year 2023, he earned a notable salary of INR 78.1 crore, solidifying his position as one of the highest-paid managing directors in Corporate India. This substantial figure underscores the impact of his leadership and strategic decisions on the company's growth and success.
Also Read: Unveiling the Top Chartered Accountants in India and Their Staggering Net Worth
Awards & Accolades
Abhay Bhutada's achievements have not gone unnoticed, earning him recognition both nationally and internationally. He was honored with the Young Entrepreneur of India 2017 Award and was named the Most Promising Business Leader of Asia at the Asian Business Leaders Conclave 2020. Additionally, he received accolades such as Promising Entrepreneurs of India 2020 and Lokmat Maharashtrian Of The Year 2024. Such prestigious awards underscore Abhay's exceptional leadership and contribution to the finance industry.
Abhay Bhutada Net Worth
Beyond his impressive salary, Abhay Bhutada's net worth reflects his significant influence and impact in the finance sector. His strategic foresight and business acumen have propelled Poonawalla Fincorp to unparalleled success, further enhancing his stature as a prominent figure in the industry.
Impact on the Finance Industry
Abhay Bhutada's contributions to the finance industry extend beyond his role at Poonawalla Fincorp. He has been a driving force behind various initiatives aimed at promoting financial inclusion and digital transformation. Through his leadership, Poonawalla Fincorp has spearheaded efforts to provide accessible and affordable financial services to underserved communities, empowering them to achieve their financial goals.
Also Read: Meet Abhay Bhutada: The Winner Of Lokmat Maharashtrian Of The Year 2024
Future Endeavors
As Abhay Bhutada continues to chart new territories in the finance sector, his commitment to innovation and excellence remains unwavering. With a focus on leveraging technology and fostering sustainable growth, he aims to position Poonawalla Fincorp as a global leader in the financial services industry. His visionary approach and relentless pursuit of excellence serve as a guiding light for aspiring entrepreneurs and industry professionals alike.
Conclusion
In conclusion, Abhay Bhutada's journey from an aspiring Chartered Accountant to the Managing Director of Poonawalla Fincorp is a testament to his resilience, innovation, and unwavering dedication. His visionary leadership and transformative impact on the finance industry have earned him widespread acclaim and admiration. As he continues to steer Poonawalla Fincorp towards greater heights, Abhay Bhutada's legacy as a trailblazer in the finance sector is firmly established. With his remarkable salary journey and noteworthy achievements, Abhay Bhutada stands as a beacon of inspiration for future generations of finance professionals.
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Introducing Abhay Bhutada: The Recipient of the Lokmat Maharashtrian Of The Year 2024 Award
Abhay Bhutada, MD of Poonawalla Fincorp Limited (PFL), recently attained the prestigious Lokmat Maharashtrian Of The Year 2024 accolade, underscoring his exceptional leadership and profound influence on the finance industry and broader society. His narrative embodies resilience, innovation, and unwavering dedication, significantly reshaping the trajectory of finance and societal impact.
Innovative Trailblazing and Progress
Hailing from the vibrant city of Latur, Maharashtra, Abhay Bhutada embarked on his professional journey over fifteen years ago. Starting as an SME Finance Professional at Bank of India in 2010, Bhutada's entrepreneurial drive swiftly propelled him to establish TAB Capital Limited in 2016, a digital-lending Non-Banking Financial Company (NBFC) specializing in retail loans such as MSME and consumer lending.
Transitioning from traditional banking to digital finance marked a pivotal moment in Bhutada's career trajectory. Under his visionary stewardship, TAB Capital flourished, emerging as a frontrunner in the digital lending landscape. Leveraging cutting-edge technology and strategic insights, Bhutada steered TAB Capital to profitability at an unprecedented pace, culminating in its acquisition by the esteemed Poonawalla Group in 2019.
Assuming leadership as the Managing Director & CEO of Poonawalla Fincorp, Bhutada continued to spearhead innovation and transformation. His unwavering pursuit of excellence propelled Poonawalla Fincorp to unprecedented heights, securing an "AAA" external credit rating from CRISIL Ratings Limited and CARE Ratings Limited.
In the fiscal year 2023, Abhay Bhutada's salary of 78.1 crore, underscored his significant contributions to the company, solidifying his position as one of India's most highly compensated managing directors.
Also Read: Why Did Abhay Bhutada Consider Fy24 A Year Of Significant Growth Across All Business Parameters?
A Compassionate Leader
Beyond his corporate triumphs, Abhay Bhutada is deeply committed to catalyzing positive societal change. His engagement in industry forums and corporate social responsibility initiatives underscores his dedication to impactful change. Bhutada's philanthropic endeavors have earned him esteemed accolades such as Young Entrepreneur of India 2017, Promising Entrepreneur of India 2019, and Global Indian of the Year 2023.
His philanthropic initiatives encompass diverse domains, from bolstering education and healthcare programs to advocating environmental conservation efforts. Bhutada's ethos of giving back to the community epitomizes a leadership philosophy rooted in empathy and social responsibility.
Acknowledging Influence and Excellence
Abhay Bhutada's meteoric ascent in the finance sector has garnered widespread recognition. In addition to his substantial remuneration and net worth, Bhutada's influence transcends boardroom boundaries. His strategic foresight and business acumen have earned him numerous accolades, including Lokmat Maharashtrian Of The Year 2024, Young Entrepreneur of India 2017, Promising Entrepreneur of India 2019, and Global Indian of the Year 2023.
Such recognition underscores Bhutada's exceptional leadership and contributions to both the finance industry and society. His ability to navigate challenges with integrity and foresight serves as a beacon for aspiring entrepreneurs and seasoned professionals alike.
Also Read: Mastering Asset Quality in 2025: Exploring Insights and Strategies
Inspiring Future Generations
Abhay Bhutada's journey from humble beginnings to becoming a titan in the finance sector serves as an inspiration to aspiring entrepreneurs and industry veterans alike. His unwavering pursuit of excellence and commitment to leveraging technology for societal welfare set a benchmark for future generations.
As we reflect on Bhutada's journey and achievements, we are reminded of the transformative potential of vision, leadership, and purpose in sculpting a brighter future for all. His legacy promises to inspire future generations to push boundaries, both in business and in effecting positive social change.
Also Read: Why Did Abhay Bhutada Consider Fy24 A Year Of Significant Growth Across All Business Parameters?
Concluding Remarks
Abhay Bhutada's indomitable spirit, innovative mindset, and unwavering dedication position him as a pioneering force reshaping the contours of finance and society. As he continues to chart new territories and catalyze positive transformation, Bhutada's influence will echo for generations to come. With his visionary leadership at the helm, the possibilities are boundless, and the journey, endlessly inspiring.
As we celebrate Abhay Bhutada's triumphs and honor his contributions, we are reminded that true success lies not merely in personal achievements but also in the enduring impact we leave on the world. Bhutada's narrative serves as a testament to the transformative power of vision, leadership, and social responsibility—a narrative that inspires and empowers us all to strive for excellence and craft a better future.
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property loan emi calculator
A Property Loan EMI Calculator is a handy tool for individuals planning to finance their property purchases. By entering the loan amount, interest rate, and tenure, users can instantly compute their Equated Monthly Installments (EMIs). This efficient calculator helps borrowers make well-informed decisions, offering insights into monthly repayment obligations and aiding in financial planning for property acquisitions.
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property loan emi calculator
A Property Loan EMI Calculator is a handy tool for individuals planning to finance their property purchases. By entering the loan amount, interest rate, and tenure, users can instantly compute their Equated Monthly Installments (EMIs). This efficient calculator helps borrowers make well-informed decisions, offering insights into monthly repayment obligations and aiding in financial planning for property acquisitions.
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What are the top 5 ERP implementation mistakes every MSME needs to avoid?
Enterprise Resource Planning (ERP) emerges as a pivotal asset for organizational business. At its core, SAP Business One collects crucial data related to customers and internal processes within an enterprise.
This exhaustive system encompasses all the organizational data forming the bedrock for informed decision-making.
The accurate implementation of SAP ERP systems is imperative for your business. It holds particularly true for small and medium enterprises (SMEs), where any subsequent alterations may entail substantial expenditures in terms of finances, time, and workforce.
Unveiling The Major SAP ERP implementation mistakes of every MSME
ERP within an MSME elevates its standing on the value chain market credibility, and stakeholder confidence signifies a substantial journey.
It encompasses discerning the specific requirements of the company budgeting for product acquisition and services. It assesses diverse options to align with business objectives, initiating the installation. Therefore, it helps in executing the seamless SAP B1 Implementation.
Gaining insights into the common pitfalls during ERP deployment becomes crucial for seamless implementation. Thus, steering clear of the following challenges is essential.
1. Meticulous Planning
Embarking on the ERP implementation journey demands meticulous planning. The absence of a comprehensive plan hinders the projection of required financial, temporal, and human resources, potentially causing setbacks later in the project.
Ensuring a well-structured plan encompassing every step of the SAP ERP, accounting for potential obstacles, and allowing room for errors is vital. Addressing these internal issues is essential to fostering a smoother implementation process.
2. Avoiding Underestimation
Treating Business management software as just another routine IT project is a common pitfall. ERP systems are extensive and demand considerable time, funds, and human resources.
Transparency in communication with employees is crucial. It is not a typical project and requires adherence to strict guidelines essential for success.
3. Thoughtful Team Selection
Choosing team members based solely on availability can jeopardize the entire ERP implementation. The intricate nature of the process necessitates individuals with specific skill sets for each step and sub-module.
Selecting the right team members enhances efficiency and minimizes errors.
4. Understanding Need and Scope
Before adopting a SAP Business One ERP system, a thoughtful consideration of the "why" is crucial. Implementing it without necessity can result in wasted time and money.
Understanding the system's scope is equally essential. However, ERP systems are not omnipotent, and setting realistic expectations is vital to avoid sub-optimal results.
5. Allocating Adequate Resources and Finances
Given the exhaustive nature of ERP implementation, ensuring sufficient resources and finances is paramount. Discovering a lack of qualified IT personnel or facing financial constraints mid-implementation can lead to significant delays.
Adequate preparation in terms of time, money, and resources is essential before embarking on ERP implementation.
Embrace The Remarkable Consistency in Workflow With SAP ERP!
Embarking on ERP system implementation stands out as one of the most intricate projects for your company. Challenges and obstacles are inevitable, as with any project. Thus, you need to be very alert to make a sound decision to have SAP Business One for MSME.
Yet, understanding the typical issues provides you with an opportunity. It proactively prepares for implementation and sidestep these pitfalls.
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Dinkar Rao: Accomplished Business Coach, Mentor, and Trainer with Global Expertise
Dinkar Rao is an experienced coach, mentor, and trainer with international exposure. With a focus on business coaching and facilitating the aspirations of individuals, he has assisted over 11,000 professionals across Foreign MNCs, Indian MNCs, and local SMEs in diverse industry segments. Dinkar has conducted senior management assessments, strategic training programs, coaching interventions, and selections for prestigious organizations. Leveraging his keen understanding of people, he has played a vital role in talent acquisition for various MSMEs. Engaging in both international and domestic people enablement initiatives, Dinkar has contributed to strategically significant initiatives for long-term Sales Organization development. Altogether, he has coached more than 300 companies. Click on the link to know more about Business Coach- https://kabirlearning.in/about-us/
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NPA settlement | NPA management
Company Profile
NPA Consultants Private Limited is headquartered at Mumbai, India under the Chief Mentorship of Dr.Visswas [ B.Com, LL.B., M.A. (Eco.), A.C.S. Ph.D.(UK) ], an Ex Banker and an Advisor to All India MSME Association (AIMA) and SME Chamber of India. The Company has a dedicated team of professionals from the fields of Law, Finance and Banking and provides services to Domestic and International Companies on:
Debt Advisory
Corporate Restructuring
Mergers & Acquisitions
Private Equity
Revival of Sick Industries
Managing Corporate Litigations
NPA Consultants specializes in NPA management and all other related matters under IBC such as CIRP process, resolution plan, liquidation process, taking over as going concern u/s 230 of the companies Act 2013, Guiding and providing ancillary services to the resolution professionals. We have about 40 resolution professionals and more than 25 legal firms associated with us. We are also advising on NPA matters to Mumbai District Central Co-operative Bank and few nationalized Banks on selective basis. Today the top Resolution Professionals carrying out the insolvency and liquidation processes for the companies in India are proud to be associated with us and are our true assets.
NPA Consultants Pvt. Ltd. is providing unparalleled services to MSME’s. While doing so, we are providing them total guidance in a pre and post NPA situation. While we educate them of their rights as a borrower and also encourage them not to get depressed in a stressed situation, we make an in depth study of their case and advise them to initiate some precautionary and corrective steps to protect them from the aggressive recovery measures adopted by the Bank. Not only that but if the client has business prospects we also facilitate in organizing business finance through alternate methods. We play a major role in arriving at an amicable settlement with the Banks which the borrowers fail to do at their level. Thus our clients get one stop solution for their Banking, Legal and Financial matters.
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N Chandrababu Naidu's Initiatives for Promoting Growth and Development of Small and Medium Enterprises (SMEs) in Andhra Pradesh
Small and Medium Enterprises (SMEs) are pivotal in driving economic growth, employment generation, and innovation in any region. Recognizing their significance, the Telugu Desam Political Party (TDP), under the leadership of N Chandrababu Naidu, has implemented several initiatives to empower and support SMEs in Andhra Pradesh. With a focus on promoting growth and development, these schemes aim to foster a favorable business environment and uplift the entrepreneurial spirit in the state. Delve into N Chandrababu Naidu's agenda, key TDP schemes, and recent news regarding the promotion of SMEs in Andhra Pradesh.
Under N Chandrababu Naidu's leadership, the TDP party has consistently emphasized the importance of SMEs in driving economic progress. The TDP agenda includes fostering a favorable ecosystem for SMEs by ensuring ease of doing business, providing financial assistance, promoting skill development, and encouraging innovation. His vision for Andhra Pradesh revolves around transforming the state into a hub of entrepreneurship, attracting investments, and creating employment opportunities through the growth of SMEs.
AP Industrial Development Policy (APIDP): The TDP government launched the APIDP, aimed at boosting industrial growth and attracting investments in the state. This policy of TDP offers incentives such as tax benefits, subsidies, and land acquisition support to SMEs, encouraging their establishment and expansion.
To provide financial support to SMEs, the TDP introduced the MSME Development Fund. This fund assists small and medium enterprises in accessing capital, upgrading technology, and improving infrastructure. It also facilitates the creation of a credit guarantee mechanism to ensure smoother loan disbursal. The establishment of EDCs across the state is another significant initiative by the TDP. These centres provide training, mentoring, and counselling to aspiring entrepreneurs, equipping them with the necessary skills and knowledge to succeed in their ventures. Browse the TDP website for more political policies and TDP schemes.
The TDP government introduced a Single Window Clearance System to simplify and expedite the process of obtaining necessary approvals and clearances for starting and operating SMEs. This streamlined system reduces bureaucratic hurdles and enhances the ease of doing business.
In recent news, the TDP government announced the APIDP expansion to further promote SMEs' growth in Andhra Pradesh. The updated policy includes additional incentives for SMEs in sectors such as agro-processing, textiles, and electronics. This expansion aims to attract more investments, create employment opportunities, and foster innovation in these key sectors.
Furthermore, the TDP government has collaborated with leading educational institutions and industry bodies to establish incubation centers and technology parks. These initiatives aim to encourage research and development activities, facilitate knowledge transfer, and promote collaboration between SMEs, academia, and industry.
The TDP's agenda focus on skill development is evident through various training programs conducted for SME owners and workers. These programs enhance their technical skills, managerial abilities, and overall productivity. Additionally, the TDP government has launched schemes to encourage women's entrepreneurship, providing them with financial assistance, training, and mentorship.
N Chandrababu Naidu's initiatives and the TDP's agenda for SMEs in Andhra Pradesh demonstrate a solid commitment to fostering growth and development in the sector. Through policies like the APIDP, MSME Development Fund, and the establishment of EDCs, the TDP aims to create a conducive environment for SMEs to thrive.
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NPA Consultants Private Limited is headquartered at Mumbai, India under the Chief Mentorship of Dr.Visswas [ B.Com, LL.B., M.A. (Eco.), A.C.S. Ph.D.(UK) ], an Ex Banker and an Advisor to All India MSME Association (AIMA) and SME Chamber of India. The Company has a dedicated team of professionals from the fields of Law, Finance and Banking and provides services to Domestic and International Companies on:
Debt Advisory
Corporate Restructuring
Mergers & Acquisitions
Private Equity
Revival of Sick Industries
Managing Corporate Litigations
img
NPA Consultants specializes in NPA management and all other related matters under IBC such as CIRP process, resolution plan, liquidation process, taking over as going concern u/s 230 of the companies Act 2013, Guiding and providing ancillary services to the resolution professionals. We have about 40 resolution professionals and more than 25 legal firms associated with us. We are also advising on NPA matters to Mumbai District Central Co-operative Bank and few nationalized Banks on selective basis. Today the top Resolution Professionals carrying out the insolvency and liquidation processes for the companies in India are proud to be associated with us and are our true assets.
NPA Consultants Pvt. Ltd. is providing unparalleled services to MSME’s. While doing so, we are providing them total guidance in a pre and post NPA situation. While we educate them of their rights as a borrower and also encourage them not to get depressed in a stressed situation, we make an in depth study of their case and advise them to initiate some precautionary and corrective steps to protect them from the aggressive recovery measures adopted by the Bank. Not only that but if the client has business prospects we also facilitate in organizing business finance through alternate methods. We play a major role in arriving at an amicable settlement with the Banks which the borrowers fail to do at their level. Thus our clients get one stop solution for their Banking, Legal and Financial matters.
NPA Consultants has a team of distinguished experts from the fields of banking, legal and finance that includes Sitting Director- Reserve Bank of India, Former Managing Director- Central Bank of India, State bank of India, State bank of Hyderabad, corporation bank, Former chief General Manager of IDBI & Former General Manager of Bank of Baroda. Dr. Visswas has shared the Board with Ex-Chairman of Bank of Maharashtra, Ex Executive Director of Reserve Bank of India, Ex-Chairman Ingersoll Rand (Tata Group). Dr. Visswas has worked in close association with the General Managers of Industrial Finance Corporation of India (IFCI), Executive Directors of Industrial Reconstruction Bank of India (IRBI), Industrial Development Bank of India (IDBI), Chairman and Executive Directors of ICICI Bank and Merchant Banking Division Head of ICICI.
NPA Consultants has a young, dynamic go getter team for handling the Banking and Financial requirements of its clients. They are trained under the able guidance of Dr. Visswas and are dedicated to give qualitative & quantitative output in the given time frame. The team also comprises of Advocates and Counsels providing out of the box solutions and desired results even in the most critical cases.
The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.
After the introduction of The Insolvency and Bankruptcy Code (IBC) in the year 2016 the Industrial Investment in India has become more attractive and is beneficial to the industry as well as the investor. The defaulting promoters has got new avenues to come out of the problem and revive the industry. We at NPA Consultants have been successful in facilitating all stakeholders in various cases undergoing the insolvency resolution and liquidation process under IBC. NPA Consultants has been successful in effecting resolution and liquidation process to the tune of USD 100 MN in a single case.
Over the years NPA Consultants has ventured synergies with bankers and financial institutions and established direct access with the top decision making bodies in various Banks and All India Financial Institutions. It has mastered the art of getting approvals under complex banking mechanism.
Though the common goal under multiple or consortium banking cases is RECOVERY of the loan, the real challenge under CIRP or under liquidation is to bring the diversifiedly interested bankers to arrive at a common acceptable decision. The main aim at NPA Consultants is to devise and diversify the deal suiting the NPA borrowers, Banks or Financial Institutions thereby creating a win-win state for all.
We would like to mention our achievements in short as follows:
Over 20 years of experience in fields of legal, banking and finance specially NPAs.
Have advised over 2000 SMEs on various issues.
Have received hundreds of references from private, co-operative and PSU Bankers.
Size of cases handled ranges between USD 1 MN to over USD 100 MN.
We have about 40 resolution professionals and more than 25 legal firms associated with us.
Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.
Dr. Visswas also invited on the dais to address the gatherings along with Honorable Mr. Nitin Gadkari - Minister of Micro, Small and Medium Enterprises, Mr. Shiv Prasad Shukla - the then Deputy Finance Minister, Government of India.
For More Information - https://www.npaconsultant.in/company-profile
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NPA Consultants Private Limited is headquartered at Mumbai, India under the Chief Mentorship of Dr.Visswas [ B.Com, LL.B., M.A. (Eco.), A.C.S. Ph.D.(UK) ], an Ex Banker and an Advisor to All India MSME Association (AIMA) and SME Chamber of India. The Company has a dedicated team of professionals from the fields of Law, Finance and Banking and provides services to Domestic and International Companies on:
Debt Advisory
Corporate Restructuring
Mergers & Acquisitions
Private Equity
Revival of Sick Industries
Managing Corporate Litigations
img
NPA Consultants specializes in NPA management and all other related matters under IBC such as CIRP process, resolution plan, liquidation process, taking over as going concern u/s 230 of the companies Act 2013, Guiding and providing ancillary services to the resolution professionals. We have about 40 resolution professionals and more than 25 legal firms associated with us. We are also advising on NPA matters to Mumbai District Central Co-operative Bank and few nationalized Banks on selective basis. Today the top Resolution Professionals carrying out the insolvency and liquidation processes for the companies in India are proud to be associated with us and are our true assets.
NPA Consultants Pvt. Ltd. is providing unparalleled services to MSME’s. While doing so, we are providing them total guidance in a pre and post NPA situation. While we educate them of their rights as a borrower and also encourage them not to get depressed in a stressed situation, we make an in depth study of their case and advise them to initiate some precautionary and corrective steps to protect them from the aggressive recovery measures adopted by the Bank. Not only that but if the client has business prospects we also facilitate in organizing business finance through alternate methods. We play a major role in arriving at an amicable settlement with the Banks which the borrowers fail to do at their level. Thus our clients get one stop solution for their Banking, Legal and Financial matters.
NPA Consultants has a team of distinguished experts from the fields of banking, legal and finance that includes Sitting Director- Reserve Bank of India, Former Managing Director- Central Bank of India, State bank of India, State bank of Hyderabad, corporation bank, Former chief General Manager of IDBI & Former General Manager of Bank of Baroda. Dr. Visswas has shared the Board with Ex-Chairman of Bank of Maharashtra, Ex Executive Director of Reserve Bank of India, Ex-Chairman Ingersoll Rand (Tata Group). Dr. Visswas has worked in close association with the General Managers of Industrial Finance Corporation of India (IFCI), Executive Directors of Industrial Reconstruction Bank of India (IRBI), Industrial Development Bank of India (IDBI), Chairman and Executive Directors of ICICI Bank and Merchant Banking Division Head of ICICI.
NPA Consultants has a young, dynamic go getter team for handling the Banking and Financial requirements of its clients. They are trained under the able guidance of Dr. Visswas and are dedicated to give qualitative & quantitative output in the given time frame. The team also comprises of Advocates and Counsels providing out of the box solutions and desired results even in the most critical cases.
The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.
After the introduction of The Insolvency and Bankruptcy Code (IBC) in the year 2016 the Industrial Investment in India has become more attractive and is beneficial to the industry as well as the investor. The defaulting promoters has got new avenues to come out of the problem and revive the industry. We at NPA Consultants have been successful in facilitating all stakeholders in various cases undergoing the insolvency resolution and liquidation process under IBC. NPA Consultants has been successful in effecting resolution and liquidation process to the tune of USD 100 MN in a single case.
Over the years NPA Consultants has ventured synergies with bankers and financial institutions and established direct access with the top decision making bodies in various Banks and All India Financial Institutions. It has mastered the art of getting approvals under complex banking mechanism.
Though the common goal under multiple or consortium banking cases is RECOVERY of the loan, the real challenge under CIRP or under liquidation is to bring the diversifiedly interested bankers to arrive at a common acceptable decision. The main aim at NPA Consultants is to devise and diversify the deal suiting the NPA borrowers, Banks or Financial Institutions thereby creating a win-win state for all.
We would like to mention our achievements in short as follows:
Over 20 years of experience in fields of legal, banking and finance specially NPAs.
Have advised over 2000 SMEs on various issues.
Have received hundreds of references from private, co-operative and PSU Bankers.
Size of cases handled ranges between USD 1 MN to over USD 100 MN.
We have about 40 resolution professionals and more than 25 legal firms associated with us.
Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.
Dr. Visswas also invited on the dais to address the gatherings along with Honorable Mr. Nitin Gadkari - Minister of Micro, Small and Medium Enterprises, Mr. Shiv Prasad Shukla - the then Deputy Finance Minister, Government of India.
For More Information - https://www.npaconsultant.in/company-profile
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PhonePe secures multi-million-dollar in a bid to accelerate growth and become a super app
With its ability to drive additional revenue for businesses, more and more players are integrating customized banking and credit solution into their core product offering. Over the last 12 months, the trend has accelerated significantly, and therefore, many firms are betting on the embedded finance sector. The growing number of acquisition and fund-raising deals proves that the embedded finance sector is hotter than ever before.
In January 2023, Marqeta, the card issuing fintech firm, announced the acquisition of Power Finance, a credit card program management platform. The deal, valued at US$275 million, will enable Marqeta to dip its toes into the growing embedded finance sector. Of the US$275 million, Marqeta announced that the firm will pay US$52 million only if Power Finance is able to meet one of the undisclosed milestones within the next 12 months. Failure to meet the acquisition will result in a US$223 million acquisition deal for Power Finance.
The credit card issuance program, the first product for Power Finance, has been designed to provide banks and brands the ability to offer embedded financial experiences to their customers. With the acquisition of Power Finance, the first goal for Marqeta is to expand the capabilities of the credit product. Furthermore, the acquisition will also enable Marqeta’s customers to launch credit products embedded into their own offerings.
Along with acquisitions, the multi-million-dollar deals secured by embedded finance provider also shows the growth potential of the sector from the short to medium-term perspective. Globally, many of the leading and emerging embedded finance firms have raised venture capital and private equity rounds.
In February 2023, Treasury Prime, the banking-as-a-service startup, announced that the firm had raised US$40 million in a Series C funding round, which was led by BAM Elevate. Since its Series B round, in May 2021, the firm had recorded nearly 400% growth in revenue and more than 450% in accounts. The firm is planning to use the capital raised for building an integrated partner marketplace and a multi-bank network. Additionally, it also plans to introduce new products and services in the market, including lending options.
In January 2023, Liberis, another embedded finance platform, announced that the firm had raised €30 million to expand and grow its European business. The firm is particularly focused on the German and Polish markets. The capital will allow the firm to continue offering market-leading financing options to merchants, while also expanding across the Nordics and Europe. Since its inception, the firm has provided financing to over 23,000 SMEs.
Along with the United States and European markets, the embedded finance sector is also gaining strong momentum in the Asia Pacific region. In India, RATNAAFIN, the non-banking institution, partnered with Singapore-headquartered actyv.ai to provide embedded lending services to MSMEs in the country. In January 2023, actyv.ai, the B2B embedded BNPL provider, also raised US$7 million to fund its global expansion.
CrediLinq.Ai, another Singapore-based embedded finance provider, announced that the firm had raised its seed funding round in February 2023. While the B2B online financing firm did not disclose the sun of the seed round, it plans to use the capital to scale its operations and establish its presence in the global embedded finance market. Furthermore, the firm is also exploring acquisition opportunities in Indonesia and Singapore.
With the sector projected to record strong growth in the Southeast Asian market, global firms are also expanding their presence in Singapore. Weavr, for instance, announced that the firm is launching operations in Singapore to bring its services to digital platform businesses in the country. The Plug-and-Play Finance solution offered by the firm will further drive the competitive landscape in the Singaporean embedded finance industry.
As embedded finance continues to pick up steam among banks and non-banks, who are looking at it as a way to broaden their relationship with consumers, PayNXT360 expects the trend of acquisitions and fund-raising to further accelerate in the global embedded finance market from the short to medium-term perspective. This will keep driving the growth of the overall market over the next three to four years.
To know more and gain a deeper understanding of the global embedded finance market, click here.
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NPA Services | Best NPA Management
NPA Consultants Private Limited is headquartered at Mumbai, India under the Chief Mentorship of Dr.Visswas [ B.Com, LL.B., M.A. (Eco.), A.C.S. Ph.D.(UK) ], an Ex Banker and an Advisor to All India MSME Association (AIMA) and SME Chamber of India. The Company has a dedicated team of professionals from the fields of Law, Finance and Banking and provides services to Domestic and International Companies on:
Debt Advisory
Corporate Restructuring
Mergers & Acquisitions
Private Equity
Revival of Sick Industries
Managing Corporate Litigations
For More Details:
Call Us
+91-9892855900
+91-22-43471710
E-Mail
[email protected]
Office Address
NPA Consultant Pvt. Ltd.
Metro Station,
The Summit Business Bay (Omkar), 418,
near Western Express Highway,
behind Gurunanak Pet, Mumbai,
Maharashtra 400093.
Working Hours
Mon to Sat: 10:00am - 06:00pm
Sun: Week Off
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