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

  • Profitable liquidation of stock vehicles, refurbishment and network for selling the refurbished assets to end customers Create channel network for stock disposal - No of liquidations RTO tie up & document completion - Process adherence Coordination with sales team for stock disposal - Better pricing and increasing liquidation Refurbishment of stock vehicles - Price Improvement Control the stock sale process ...

  • Profitable liquidation of stock vehicles, refurbishment and network for selling the refurbished assets to end customers Create channel network for stock disposal - No of liquidations RTO tie up & document completion - Process adherence Coordination with sales team for stock disposal - Better pricing and increasing liquidation Refurbishment of stock vehicles - Price Improvement Control the stock sale process ...

  • Sales Lead generation and closure through visit to the dealer/outlets/ channels Repeat biz from existing customers Cross sale of Insurance and generation of Fee income Executing BTL Activity To Generate Leads For Magma Collection Collections from the customers in 0-90 bucket Service FI at the customers home / Co-hirer/Guarantor's place Deal Closure Document execution /PDD Collection Experience in ...

  • Sales Lead generation and closure through visit to the dealer/outlets/ channels Repeat biz from existing customers Cross sale of Insurance and generation of Fee income Executing BTL Activity To Generate Leads For Magma Collection Collections from the customers in 0-90 bucket Service FI at the customers home / Co-hirer/Guarantor's place Deal Closure Document execution /PDD Collection Experience in ...

  • Sales Lead generation and closure through visit to the dealer/outlets/ channels Repeat biz from existing customers Cross sale of Insurance and generation of Fee income Executing BTL Activity To Generate Leads For Magma Collection Collections from the customers in 0-90 bucket Service FI at the customers home / Co-hirer/Guarantor's place Deal Closure Document execution /PDD Collection Experience in ...

  • Sales Lead generation and closure through visit to the dealer/outlets/ channels Repeat biz from existing customers Cross sale of Insurance and generation of Fee income Executing BTL Activity To Generate Leads For Magma Collection Collections from the customers in 0-90 bucket Service FI at the customers home / Co-hirer/Guarantor's place Deal Closure Document execution /PDD Collection Experience in ...

  • Sales Lead generation and closure through visit to the dealer/outlets/ channels Repeat biz from existing customers Cross sale of Insurance and generation of Fee income Executing BTL Activity To Generate Leads For Magma Collection Collections from the customers in 0-90 bucket Service FI at the customers home / Co-hirer/Guarantor's place Deal Closure Document execution /PDD Collection Experience in ...

  • Sales Lead generation and closure through visit to the dealer/outlets/ channels Repeat biz from existing customers Cross sale of Insurance and generation of Fee income Executing BTL Activity To Generate Leads For Magma Collection Collections from the customers in 0-90 bucket Service FI at the customers home / Co-hirer/Guarantor's place Deal Closure Document execution /PDD Collection Experience in ...

  • To develop and direct the Agency business by recruiting a team of Agents for general Insurance. 1.Agent Recruitment and Activation 2.Achievement on business target 1. Graduate in any discipline. 2.A work experience of 1-6 years, handling Agency or Retail Sales in GI companies 3.Local market knowledge is essential

  • To develop and direct the Agency business by recruiting a team of Agents for general Insurance. 1.Agent Recruitment and Activation 2.Achievement on business target 1. Graduate in any discipline. 2.A work experience of 1-6 years, handling Agency or Retail Sales in GI companies 3.Local market knowledge is essential

  • To develop and direct the Agency business by recruiting a team of Agents for general Insurance. 1.Agent Recruitment and Activation 2.Achievement on business target 1. Graduate in any discipline. 2.A work experience of 1-6 years, handling Agency or Retail Sales in GI companies 3.Local market knowledge is essential

  • To develop and direct the Agency business by recruiting a team of Agents for general Insurance. 1.Agent Recruitment and Activation 2.Achievement on business target 1. Graduate in any discipline. 2.A work experience of 1-6 years, handling Agency or Retail Sales in GI companies 3.Local market knowledge is essential

  • Candidates to with exposure in GI and he has to do lot of analysis when driving the MIS for the Zone. He should be able to read the data and derive patterns and trends. Will work with Agency Sales Team as Coordinator. Should be Good in MIS / Excel / Pivot / V-look up

  • 1) Responsible to achieve the corporate sales and broking budget allocated to the territory 2) Achieve SME & Mid Corporate and Large Corporate budget allocated to the territory. Achieve line wise target allocated to the territory. 3) Activate brokers operating in the territory and building up relationship with the broking team. 4) Recruit defined number of commercial lines agents to build up SME & Mid ...

  • This vacancy is in Mumbai & Aurangabad each o Timey filing of Execution petition in concerned Court and to take same to next level without any delay. o To closely coordinate with the collections / Recovery team and departments in order to take the input, field information for taking it to logical conclusion. o Briefing, coordinating and managing empanelled Lawyers and vendors. o Managing cases filed u/s ...

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