Poonawalla Fincorp, a financial services firm, is preparing for rapid expansion by doubling its workforce in the following year. The company, which presently employs 2,500 people, plans to hire an additional 2,500 as it expands its operations and develops a strong retail-focused business portfolio.
The company is aggressively hiring in a variety of roles to support its ambitious expansion, which includes the introduction of new retail lending sectors. Poonawalla Fincorp intends to extend its footprint in smaller towns and urban areas by leveraging both digital platforms and an expanded physical network.
To support its growing workforce and customer base, Poonawalla Fincorp intends to dramatically expand its branch network. It plans to expand from 100 to 500 branches over the next four years, with 400 scheduled to open as early as next year. This expansion will allow the organisation to access under-represented communities and provide better client experiences.
The company’s hiring boost is part of a bigger effort to improve operational efficiency and meet increased customer demand for its services. Poonawalla Fincorp is especially interested in establishing a tech-savvy and customer-focused workforce to support its retail and digital initiatives.
This recruiting binge comes as India’s banking firms face rising operational costs and increased regulatory scrutiny. Poonawalla Fincorp plans to double its workforce in order to mitigate obstacles and position itself as a leader in the fast changing financial services industry.
The anticipated employment expansion demonstrates Poonawalla Fincorp’s commitment to expanding its operations and enhancing its market position.
