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  Poonawalla Fincorp Limited, a distinguished non-banking financial company (NBFC), has achieved a milestone in human resources (HR) management. They have integrated advanced Artificial Intelligence (AI) into its HR Strategic Business Unit (SBU). This pioneering initiative underscores Poonawalla Fincorp’s commitment to leveraging technology to redefine operational efficiency and set new standards within the financial services sector. A Significant Shift in HR Processes Traditionally, HR processes in recruitment have been plagued by time-consuming steps, from document verification to candidate screening. Poonawalla Fincorp has turned the tide by deploying advanced AI tools that drastically reduce the time required to finalize job offers. What once took approximately ten days can now be accomplished in less than one—a staggering 90% reduction. This remarkable improvement not only accelerates recruitment but also optimizes operational costs, positioning the company as a leader in dig...

  Poonawalla Fincorp, in partnership with IIT Bombay, is reshaping its HR processes through AI, creating a more efficient and agile recruitment system. The collaboration is poised to bring lasting change to the financial services sector. AI Transforms Recruitment Speed By reducing the time to finalize job offers by 90%, AI tools in Poonawalla Fincorp’s HR processes are enabling the company to hire talent faster. AI is now employed to automate candidate screening, document verification, and resume matching, significantly improving operational efficiency. Strategic Shift Toward Digital Innovation CEO Arvind Kapil noted, “The integration of AI in our HR processes is just the start of our extensive plan to lead in digital innovation.” This AI-led transformation aims to enhance customer-focused ecosystems and drive growth in new business areas. AI and Employee Support The company’s AI initiatives extend beyond hiring, with the development of an AI-powered WhatsApp bot that addresses em...

 The Abhay Bhutada Foundation’s work offers valuable lessons in efficiency and resource management—principles that are essential in the world of financial institutions. What stands out in the foundation’s approach is its ability to use innovative solutions to streamline processes, improve outcomes, and expand its reach. These principles closely mirror the operational goals of any industry aiming to drive growth while minimizing unnecessary overhead. The LearnByDoing program is a prime example of how education can be transformed through technology. It’s a scalable, repeatable model that can be expanded in phases, much like a product rollout. With STEM kits in hand, students engage in hands-on learning, which equips them with real-world skills. It’s an investment in the future workforce, akin to how financial institutions prioritize long-term growth and sustainability. Then, there’s the Maheshwari Scholarship Program . The structured approach to scholarship allocation ensures that...

  Poonawalla Fincorp, a prominent player in the non-banking finance space, has taken a bold step toward integrating Artificial Intelligence (AI) into its HR operations. This innovative move is changing the way the company handles recruitment, employee interaction, and overall HR efficiency. The company aims to save time, reduce costs, and offer a smoother, more efficient employee experience with AI-powered tools that streamline HR processes. Recruitment Made Faster The traditional recruitment process is time-intensive, often taking weeks to sift through resumes, conduct interviews, and verify documents. Poonawalla Fincorp has drastically reduced this timeline by incorporating AI, shrinking the hiring process from ten days to just one. Through automated resume matching, AI identifies the most suitable candidates based on job descriptions, significantly speeding up recruitment. The AI-driven system not only speeds up the hiring process but also helps HR professionals focus on high-v...

As industries rapidly evolve, technological partnerships between businesses and academic institutions are crucial for progress. Poonawalla Fincorp Limited, a prominent non-banking financial company, is leveraging Artificial Intelligence (AI) to transform its operations, particularly within its Human Resources (HR) function. In collaboration with IIT Bombay, this initiative marks a key advancement in refining HR processes. AI Revolutionizes HR at Poonawalla Fincorp The integration of AI within Poonawalla Fincorp’s HR Strategic Business Unit (SBU) has significantly enhanced operational efficiency. The AI-powered systems have reduced the time to finalize job offers from the usual ten days to under one day, a remarkable 90% improvement. This initiative is a result of the collaboration between Poonawalla Fincorp and IIT Bombay’ s Department of Computer Science and Engineering, focusing on applying AI to HR and other critical business operations. The partnership aims to extend AI applicatio...

The role of Artificial Intelligence (A.I.) in business is growing, with HR being one of the primary sectors seeing the benefits. Today, Poonawalla Fincorp , a top non-banking financial company, has partnered with IIT Bombay to transform HR processes. Together, they are exploring new ways to make HR operations more efficient and impactful. In this blog, we’ll see how A.I. can improve HR functions, and also talk more about what the partnership entails. 1. Recruitment Simplified Through A.I. Recruitment is a vital yet complex task that requires careful evaluation of candidates. A.I. streamlines this process by analyzing resumes, reviewing qualifications, and predicting a candidate’s suitability. This reduces the time HR teams spend on initial screening, allowing them to focus on the most relevant candidates. A.I. minimizes human error, speeds up recruitment, and ensures that the hiring process is more efficient. 2. Smoothening the Onboarding Process Onboarding can be an overwhelming exper...

  Working in banking has shown me the profound influence financial leaders can have beyond their balance sheets. Abhay Bhutada exemplifies this, seamlessly blending professional success with impactful philanthropy. His dedication to education, healthcare, and community development showcases how financial expertise can fuel societal transformation. Also Read: MVPM and Abhay Bhutada Foundation Launch Scholarship Program for Maheshwari Students Transforming Education Through the LearnByDoing program, Bhutada’s foundation has taken a progressive step toward improving education for underprivileged students. Providing STEM kits, this initiative encourages experiential learning, bridging gaps in traditional education systems. So far, it has impacted 2,000 students across Pune—a testament to Bhutada’s commitment to nurturing future leaders. Scholarship programs further highlight his dedication. Partnering with MVPM, Bhutada’s foundation awards ₹1 lakh scholarships to students who excel ...

  Introduction While recruitment often grabs the spotlight, AI’s potential in HR extends far beyond hiring. Poonawalla Fincorp , under Arvind Kapil’s guidance, is exploring these broader applications, setting a standard for AI integration in workforce management. Performance Management AI tools analyze employee performance data, identifying strengths and areas for improvement. This enables managers to provide targeted feedback and develop personalized growth plans, fostering a culture of continuous improvement. Workforce Planning Predictive analytics powered by AI helps HR teams anticipate staffing needs. At Poonawalla Fincorp, these insights ensure optimal workforce allocation, reducing overstaffing and understaffing risks. Employee Engagement Sentiment analysis tools gauge employee satisfaction, providing actionable insights to address concerns proactively. This data-driven approach enhances morale and reduces turnover. Poonawalla Fincorp’s Vision Arvind Kapil emphasizes the str...

  As a banking professional, I find Poonawalla Fincorp’s decision to appoint Salil Hajarnis as its new CTO a particularly noteworthy development. Technology leadership is becoming a cornerstone of success in financial services, and this appointment demonstrates how seriously Poonawalla Fincorp views its tech-driven ambitions. The Role of Technology in Banking and NBFCs The NBFC sector has always been a bridge between traditional banking and underserved customer segments. Now, technology is redefining this space. Salil Hajarnis’s experience at Fiserv and Capgemini makes him a perfect fit for a company aiming to modernize its legacy systems, embrace AI, and improve operational workflows. Banking professionals like me see Salil’s leadership as critical to ensuring Poonawalla Fincorp can keep pace with rapid technological changes. His track record in implementing AI and API-driven solutions indicates that the company will soon offer more personalized, efficient, and seamless service...

Baking a cake can seem daunting if you’re new to the kitchen, but it’s a delightful and rewarding experience when you know the basics. Whether you’re preparing for a birthday, celebration, or just indulging in some home-baked goodness, this guide will walk you through the essentials to make cake baking easy, fun, and foolproof. 1. Gather Your Ingredients and Tools Before you begin, ensure you have everything you need: Essential Ingredients: Flour: All-purpose or cake flour works best for a light texture. Sugar: Granulated sugar is most common, but some recipes may call for brown sugar for added flavor. Eggs: They provide structure and richness to the cake. Butter or Oil: Butter adds flavor, while oil keeps the cake moist. Leavening Agents: Baking powder or baking soda ensures your cake rises. Liquid: Milk, water, or buttermilk adds moisture. Flavoring: Vanilla extract, cocoa powder, or other flavorings make your cake unique. Tools You'll Need: Mixing bowls Me...

  The Abhay Bhutada Foundation , named after its visionary founder Abhay Bhutada , stands as a testament to impactful philanthropy, dedicated to transforming lives through education, innovation, and financial support. Since its inception, the foundation has prioritized creating equal opportunities for underprivileged communities, particularly in education. By fostering curiosity, rewarding excellence, and reducing economic barriers, the foundation has positively influenced countless lives across India. Empowering Students with STEM Education In its mission to revolutionize learning, the Abhay Bhutada Foundation initiated the 'LearnByDoing' program. This program is designed to encourage practical learning by providing STEM (Science, Technology, Engineering, and Mathematics) kits to underprivileged students. STEM education, a crucial aspect of modern education systems, often remains inaccessible to students from rural or economically disadvantaged backgrounds. By addressing this...