Poonawalla Fincorp formerly Magma Fincorp

Hi,

This is a very good proxy play on rural theme. KKR who is an investor here is transforming the company by bringing in right talent and systems. They want to make it one of the largest NBFC’s in country

Companies collection and fraud practices are one of the best amongst NBFC’s.

On the negative side like any other NBFC company is exposed to black swan events.

Regards,

Saurabh

PS- I am invested hence views may be biased