Magma Fincorp Limited

Kolkata, West Bengal

Company details

Industry:
Banking/Financial Services
Number of workers:
5050
Website:
http://www.magma.co.in/

Company Description

Magma Fincorp Limited (formerly Magma Leasing Limited) was incorporated in 1988 and commenced operations in 1989 in Kolkata. To strengthen its business, the company merged with ARM Group Enterprises in 1992 and acquired Consortium Finance Limited, a north based NBFC in 2000.

In early 2007, Magma acquired Shrachi Infrastructure Finance Ltd. (SIFL), a non-banking retail financing company having network in West and South India. The combined entity was renamed Magma Shrachi Finance Ltd.

On August 2008, the company was rechristened as Magma Fincorp.

We are headquartered in Kolkata (India), and registered with the Reserve Bank of India as an asset financing NBFC. Magma is listed on National Stock Exchange and Bombay Stock Exchange.

Magma today has a pan India presence with over 185 locations in 21 states and represented by a qualified team of over 5050 Magmaites. Over 70% of our branches are located in semi urban and rural areas and about 60% of our customers are from the hinterlands. The deep rural and semi urban presence further emphasises Magma's motto of providing equality of opportunity to the economically disenfranchised. Magma today is one of the largest asset finance companies and carries an asset base of Rs 10,900 crore.

In response to rapidly evolving demand, Magma offers individual and corporate customers a range of financial products and services in:

* Commercial Vehicle Finance
* Construction Equipment Finance
* Car and Utility Vehicle Finance
* Suvidha Loans (Refinance)
* Strategic Construction Equipment Finance
* Tractor Finance
* SME Loans
* Insurance

Magma not only provides a one-stop-shop financing facility to the wide base of customers, also fulfils the dreams of millions of first-time entrepreneurs, catalysing local economies and helping the nation grow.

Magma has been one of the fastest growing asset financing companies in the country with a CAGR (compounded annual growth rate) of more than 26% in business growth over the past five years.

The rapid growth does not derive solely from a conscious initiative in growing our physical infrastructure; it is also owing to careful investments in lasting relationships with team members, alliance partners, customers and vendors.

The company's vision is to become the largest retail asset financing company in the country.

Magma Fincorp Limited

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job postings

  • Charted Accountant Having 1 to 2 yrs can also apply but should have experience of working with Financial institution

  • 1. Branch Profitability a. Drive Branch Profitability. b. Implement the business development plan for the month basis review for previous month performance. 2. Credit Underwriting a. Provide credit approval of the cases within his authority ((TAT, ED/ID) 3. Collections a. Review and manage performance b. Manage Collections efficiency (0-90) Bucket 4. People Management and Branch Compliance a. Ensure the needful ...

  • 1. Branch Profitability a. Drive Branch Profitability. b. Implement the business development plan for the month basis review for previous month performance. 2. Credit Underwriting a. Provide credit approval of the cases within his authority ((TAT, ED/ID) 3. Collections a. Review and manage performance b. Manage Collections efficiency (0-90) Bucket 4. People Management and Branch Compliance a. Ensure the needful ...

  • 1. Branch Profitability a. Drive Branch Profitability. b. Implement the business development plan for the month basis review for previous month performance. 2. Credit Underwriting a. Provide credit approval of the cases within his authority ((TAT, ED/ID) 3. Collections a. Review and manage performance b. Manage Collections efficiency (0-90) Bucket 4. People Management and Branch Compliance a. Ensure the needful ...

  • Conducting credit appraisal for loan files and documents. Grading and Screening the customer profile and documents wrt to policy and norms of the organization. Recommendation and Approvals of loan files as per the approval matrix. Monitoring of Infant and Early Delinquency of the latest portfolio ...

  • Conducting credit appraisal for loan files and documents. Grading and Screening the customer profile and documents wrt to policy and norms of the organization. Recommendation and Approvals of loan files as per the approval matrix. Monitoring of Infant and Early Delinquency of the latest portfolio ...

  • Conducting credit appraisal for loan files and documents. Grading and Screening the customer profile and documents wrt to policy and norms of the organization. Recommendation and Approvals of loan files as per the approval matrix. Monitoring of Infant and Early Delinquency of the latest portfolio ...

  • Candidate should have 3-5 Yrs of Experience with corporate sector( any financial institution) Efficient in MS -office ( Power point, Ms Excel) Presentable Candidate with Experience in BFSI will be given preference

  • Candidate should have 3-5 Yrs of Experience with corporate sector( any financial institution) Efficient in MS -office ( Power point, Ms Excel) Presentable Candidate with Experience in BFSI will be given preference

  • Candidate should have 3-5 Yrs of Experience with corporate sector( any financial institution) Efficient in MS -office ( Power point, Ms Excel) Presentable Candidate with Experience in BFSI will be given preference

  • Driving Mortgage Finance business to achieve self and teams productivity, and handling Mortgage products such as Home Loan, Loan Against Property, Lease Rental Discounting, NRP, and Balance Transfer through branches and Connector Channels Recruitment and training of Sales Executives Ensuring Productivity from each team member / DSA Need to balance COA via proper focus on business from DST Empanelment and ...

  • Driving Mortgage Finance business to achieve self and teams productivity, and handling Mortgage products such as Home Loan, Loan Against Property, Lease Rental Discounting, NRP, and Balance Transfer through branches and Connector Channels Recruitment and training of Sales Executives Ensuring Productivity from each team member / DSA Need to balance COA via proper focus on business from DST Empanelment and ...

  • Driving Mortgage Finance business to achieve self and teams productivity, and handling Mortgage products such as Home Loan, Loan Against Property, Lease Rental Discounting, NRP, and Balance Transfer through branches and Connector Channels Recruitment and training of Sales Executives Ensuring Productivity from each team member / DSA Need to balance COA via proper focus on business from DST Empanelment and ...

  • Driving Mortgage Finance business to achieve self and teams productivity, and handling Mortgage products such as Home Loan, Loan Against Property, Lease Rental Discounting, NRP, and Balance Transfer through branches and Connector Channels Recruitment and training of Sales Executives Ensuring Productivity from each team member / DSA Need to balance COA via proper focus on business from DST Empanelment and ...

  • Minimum 1-2 years in Recovery/ Sales in Vehicle Finance (New & Used) Procure leads through the channel - DDSA,Dealer Able to respond logically to standard on job scenarios(Collections/sales) Should be able to use TAB End-to-end responsibility for ongoing relationships; including the one with consumers ...

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