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

  • Lead Generation Obtain leads through existing customer database Procure leads through the channel - DDSA, NDDSA, dealer Manage pre-approved leads through product team Enter all activities attended to in the tablet Disbursement Manage the pre sanction and post sanction document closure through tablet interface Due Diligence on Hirer/ guarantor through customer visit Resolution of queries of BM/credit ...

  • Lead Generation Obtain leads through existing customer database Procure leads through the channel - DDSA, NDDSA, dealer Manage pre-approved leads through product team Enter all activities attended to in the tablet Disbursement Manage the pre sanction and post sanction document closure through tablet interface Due Diligence on Hirer/ guarantor through customer visit Resolution of queries of BM/credit ...

  • Lead Generation Obtain leads through existing customer database Procure leads through the channel - DDSA, NDDSA, dealer Manage pre-approved leads through product team Enter all activities attended to in the tablet Disbursement Manage the pre sanction and post sanction document closure through tablet interface Due Diligence on Hirer/ guarantor through customer visit Resolution of queries of BM/credit ...

  • 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

  • Should be well versed with the Legal Tools. Needs to be good in handling the process and well informed of market best practices. System skills needs to be excellent ...

  • Should be well versed with the Legal Tools. Needs to be good in handling the process and well informed of market best practices. System skills needs to be excellent ...

  • Should be well versed with the Legal Tools. Needs to be good in handling the process and well informed of market best practices. System skills needs to be excellent ...

  • Should be well versed with the Legal Tools. Needs to be good in handling the process and well informed of market best practices. System skills needs to be excellent ...

  • Based on the application received, carry out a thorough appraisal in terms of credit worthiness of loan applicants [Salaried, Self Employed Professionals, Corporations etc]. Prepares the CAM based on evaluation. Verify the banking entries of applicants including bank credit facilities availed, inward and outward cheque transactions, cheque returns history, repayment history of bank/FI loans etc Check and ...

  • Based on the application received, carry out a thorough appraisal in terms of credit worthiness of loan applicants [Salaried, Self Employed Professionals, Corporations etc]. Prepares the CAM based on evaluation. Verify the banking entries of applicants including bank credit facilities availed, inward and outward cheque transactions, cheque returns history, repayment history of bank/FI loans etc Check and ...

  • Based on the application received, carry out a thorough appraisal in terms of credit worthiness of loan applicants [Salaried, Self Employed Professionals, Corporations etc]. Prepares the CAM based on evaluation. Verify the banking entries of applicants including bank credit facilities availed, inward and outward cheque transactions, cheque returns history, repayment history of bank/FI loans etc Check and ...

  • Based on the application received, carry out a thorough appraisal in terms of credit worthiness of loan applicants [Salaried, Self Employed Professionals, Corporations etc]. Prepares the CAM based on evaluation. Verify the banking entries of applicants including bank credit facilities availed, inward and outward cheque transactions, cheque returns history, repayment history of bank/FI loans etc Check and ...

  • Media relations - keeping in touch with the media in Kolkata and elsewhere as may be required CSR - managing some of the CSR activities for the company Events - Managing various external and internal events Content Writing - for the website, intranet and for various reports that the dept keeps publishing time to time Engagement - Partnering with HR on various employee engagement activities Schemes - Running ...

  • 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

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