Poonawalla Stud Farms was established (as the Poona Stud Farm) in 1946 by the late Soli A. Poonawalla with approximately a dozen mares and one stallion, Fitz Clarence (GB). From its very first crop the farm produced the Group 1 Indian 2000 Guineas winner in Fitzcall.
Today, Poonawalla Stud Farms stands as the Leading Stud Farm in the country, having won 15 "Champion Breeders' Awards" by the Turf Authorities of India. Among other numerous achievements, the farm has bred the winners of 694 Group Wins, 378 Classics (all India) to date (24 November 2023), including winners of 10 Indian Derbies and 71 Indian Classics. It is the highest stakes earning establishment in the country with over 900 home-breds earning stakes in excess of Rs. 1 million.
The farm situated in Pune, is divided into three separate units - two youngstock divisions situated at Hadapsar and Theur (about 10 km and 24 km from Pune, respectively) and the breeding division at Theur.