Overview
Type
Public Limited Company
Headquarters
Asia-Pacific (APAC)
Category
Investing in the smallest dream
Magma Fincorp Limited is one of the leading retail asset finance companies in India. Since our inception in 1988, Magma has been investing in helping to transform the diverse aspirations of its customers into credible achievements. A one-stop shop for varied financing solutions, Magma caters to a wide cross-section of customers. Headquartered in Kolkata (India) & registered with the Reserve Bank of India Magma has, over the years successfully focused and penetrated into the rural & semi-urban markets, gaining a deep insight into this “rurban” customer segment & helping them grow their business across the hinterland of India. Magma serves 21 states through over 326 offices, being present in 1,600 Talukas & 2,900 locations where we have customers. Qualified teams of over 10,000 Magmaites represent us across the country. The company offers a diversified boutique of financial products & services: Loans for Cars & Utility Vehicles, Commercial Vehicles, Construction Equipment, Tractors, Used Vehicles, SME Businesses, Mortgage Finance and General Insurance. Between 2012-2013, Magma launched Housing following the acquisition of the mortgage business of GE Money in India. General Insurance business was operationalized through Magma HDI General Insurance Company, a joint venture with HDI Gerling. The HDI-Gerling brand is a part of Hannover based Talanx group, the third-largest German insurance Group operating in around 150 countries across the globe. Besides being a one-stop-shop financing facility to our customers, Magma fulfills dreams of first-time entrepreneurs and is best recognized for providing an equality of opportunity to the economically disenfranchised. Our Vision is “To become India’s largest retail asset finance company.” First-Time Users (FTUs) & First Time Buyers (FTBs) experience the biggest problems in loan mobilization linked to paperwork required by these institutions & the inability to provide collateral security that most lenders demand. Magma Fincorp Limited operates as a non-banking finance company. The Company offers a diversified product portfolio which includes loans for cars, utility and commercial vehicles, construction equipment, tractors, used vehicles, mortgage finance, insurance, and other financial products. Magma Fincorp serves customers in India. Magma Fincorp Limited offers secured lending, primarily in the rural and semi-urban areas. MAGMA FINCORP LIMITED is located in Kolkata, West Bengal, India and is part of the Lending Industry. MAGMA FINCORP LIMITED has 5,764 total employees across all of its locations and generates $336.23 million in sales (USD). There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Kolkata, West Bengal, India and is part of the Lending Industry. MAGMA FINCORP LIMITED has 5,764 total employees across all of its locations and generates $336.23 million in sales (USD). There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Puducherry, Puducherry, India and is part of the Finance & Insurance Sector Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Puducherry, Puducherry, India and is part of the Finance & Insurance Sector Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Puri, Odisha, India and is part of the Finance & Insurance Sector Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Puri, Odisha, India and is part of the Finance & Insurance Sector Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Shimla, Himachal Pradesh, India and is part of the Finance & Insurance Sector Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Shimla, Himachal Pradesh, India and is part of the Finance & Insurance Sector Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Raipur, Chhattisgarh, India and is part of the Lending Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Raipur, Chhattisgarh, India and is part of the Lending Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Shimla, Himachal Pradesh, India and is part of the Lending Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family. MAGMA FINCORP LIMITED is located in Shimla, Himachal Pradesh, India and is part of the Lending Industry. There are 131 companies in the MAGMA FINCORP LIMITED corporate family.
