Magma Fincorp appoints Adar Poonawalla as chairman, to be rebranded as Poonawalla Group company
The lender has also appointed Abhay Bhutada as its managing director and Vijay Deshwal as chief executive officer. Deshwal, currently a business head at ICICI Bank, will assume charge at Magma from the first week of July. He will also be the Group CEO of Poonawalla Groups financial services business.