Skip to main content

Celebrating Academic Excellence: IKEA Foundation CEO Joins Lila Poonawalla Foundation Event

 Academically gifted yet financially disadvantaged girls from Pune district are on their way to pursuing careers in science and postgraduate studies, thanks to scholarships from the Lila Poonawalla Foundation (LPF).

Per Heggens, CEO of the IKEA Foundation, and his wife Karen were the special guests at the LPF event, where these scholarships were awarded. Heggens, a dedicated supporter of LPF for over a decade, shared his commitment to helping women overcome financial barriers to education. The IKEA Foundation, associated with the Stichting INGKA Foundation, which owns the IKEA Group, provides educational support for girls in various countries.

Also Read: Abhay Bhutada’s Influence on Corporate Social Responsibility Trends in India

Lila Poonawalla, a prominent corporate figure and co-founder of the awards with her husband Firoz, emphasized the impact of LPF’s scholarships. She noted that many LPF-supported women have achieved successful careers in leading organizations, significantly contributing to their families, communities, and global environmental and economic progress.

Priti Khare, CEO of LPF, highlighted the foundation’s commitment to transforming academically talented yet financially underprivileged girls into confident leaders through merit-based scholarships, skill development, counseling, and mentoring. Over the past 27 years, LPF has assisted 12,800 girls with the help of corporate partners and donors.

Also Read: Abhay Bhutada: Leading the Financial Sector Evolution from Small Ventures to Corporate Leadership

The event was truly inspiring, showcasing 128 scholarship recipients from modest backgrounds, including families of drivers, farmers, and single parents. LPF plans to expand its reach this year, awarding scholarships to over 1,000 young women across various regions, including Pune, Wardha, Amravati, Nagpur, Bengaluru, and Hyderabad.

Comments

Post a Comment

Popular posts from this blog

Examining the Year-on-Year Performance of Non-Banking Financial Companies

  Understanding the financial performance of Non-Banking Financial Companies (NBFCs) is crucial for investors, policymakers, and industry stakeholders. NBFCs play a significant role in financial inclusion and credit distribution in India. This blog will analyze their year-on-year financial performance, shedding light on their growth, profitability, and overall health. The Role of NBFCs in the Financial Ecosystem NBFCs are essential to India's financial landscape, bridging the gap between the banking sector and underserved markets. They provide a range of financial services, including loans, asset financing, and investment products. Unlike traditional banks, NBFCs are not allowed to accept demand deposits, which makes them rely more on market borrowings and equity for their funding needs. Also Read: Unveiling Abhay Bhutada’s Salary Journey And Impact As MD Of Poonawalla Fincorp Revenue Growth and Expansion One of the key indicators of financial health for NBFCs is revenue growth. Ov...
Post a Comment
Read more

NCDs: A Student’s Guide to Corporate Fundraising

For finance students, non-convertible debentures (NCDs) offer an opportunity to explore how companies manage capital, while artificial intelligence (AI) in HR is transforming workforce strategies. Poonawalla Fincorp ’s decision to raise Rs 190 crore through NCDs is not just a financial move—it reflects the intersection of structured finance and cutting-edge technology. Understanding NCDs: A Key Financial Tool NCDs are fixed-income instruments issued by companies to secure funds without diluting equity. Unlike convertible debentures, they do not convert into shares, making them ideal for businesses seeking debt-based funding. In this instance, the NBFC aims to raise Rs 100 crore with an additional Rs 90 crore via a green shoe option. These debentures are secured, redeemable, rated, and listed on the Bombay Stock Exchange (BSE), offering both safety and liquidity. With a coupon rate providing an extra 2% over the applicable base rate, they appeal to investors prioritizing consistent retu...
Post a Comment
Read more

Innovative Strategies By Abhay Bhutada For A Standout Co-branded Credit Card

  Credit cards have evolved beyond mere financial tools into essential instruments of convenience and rewards. Understanding this, Poonawalla Fincorp is gearing up to launch a co-branded credit card in collaboration with IndusInd Bank, aiming to carve out a distinctive niche in the crowded market. Abhay Bhutada, MD of Poonawalla Fincorp, shares the company’s vision and strategic approach behind this new product. Abhay Bhutada's Unique Approach to Credit Cards Abhay Bhutada's leadership at Poonawalla Fincorp focuses on innovation and meeting customer needs. The new co-branded credit card reflects this philosophy by aiming to offer more than the usual features. Poonawalla Fincorp ensures that every aspect of the card complies with regulatory standards and customer expectations, thanks to a robust integration with their co-brand partner, IndusInd Bank. Also read: Meet Abhay Bhutada: The Winner Of Lokmat Maharashtrian Of The Year 2024 Eliminating Joining Fees for Wider Accessibili...
Post a Comment
Read more