Abhay Bhutada named Rising Sun Holdings' Vice Chairman

Abhay Bhutada, a seasoned professional with over 15 years of expertise in the commercial and retail landing domain, has been named Vice Chairman at Rising Sun Holdings, the holding company of Poonawalla Fincorp.

In March 2024, Bhutada had been elevated to Group level to take up a strategic and larger role at the Cyrus Poonawalla Group for managing its strategy, investment & finance. He continued to be Non-Executive Director on the Board of Poonawalla Fincorp Limited.

Adar Poonawalla had said at the time, "Abhay Bhutada spearheaded and was instrumental in successfully transforming the entire company since its acquisition in May 2021. He has strengthened Poonawalla Fincorp with his excellent and extraordinary efforts in less than 3 years and has fast-forwarded the company to its current exceptional state of affairs."

Under his leadership, three digital landing NBFCs - Poonawalla Fincorp, Poonawalla Finance, and TAB Capital, have become benchmarks in leveraging technology, risk management, corporate governance, and innovation.

A qualified Chartered Accountant, Bhutada is actively involved in industry forums and remains a committed advocate for corporate social responsibility in healthcare, education, and other vital sectors.