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

  • Drive branch profitability by monitoring key profitability metrics of volume, capacity utilization , IRR, other income, ODI collection Review the branch OPEX vis a vis business performance Target setting and review team performance on timely basis on various performance metrics Monitor adherence to the key service parameters like TAT SLAs to drive the CSAT scores Lead Generation Develop the sales and ...

  • Drive branch profitability by monitoring key profitability metrics of volume, capacity utilization , IRR, other income, ODI collection Review the branch OPEX vis a vis business performance Target setting and review team performance on timely basis on various performance metrics Monitor adherence to the key service parameters like TAT SLAs to drive the CSAT scores Lead Generation Develop the sales and ...

  • Drive branch profitability by monitoring key profitability metrics of volume, capacity utilization , IRR, other income, ODI collection Review the branch OPEX vis a vis business performance Target setting and review team performance on timely basis on various performance metrics Monitor adherence to the key service parameters like TAT SLAs to drive the CSAT scores Lead Generation Develop the sales and ...

  • 1. Branch Maintenance 2. Cab Booking. 3. Hotel Arrangements for Training & Accommodations 4. Guest House Booking & Maintenance. 5. Stationery Supply for Branches. 6. Courier Pickup for Branches. 7. Applying & Renewal of Shops & Establishments Licences (Labour Licence) of Applying & Renewal of Trade Licences of branches. 8. AC AMC & Maintenance 9. Rate Contract of all Suppliers. 10. Seating Arrangements for New Employees 11. All ...

  • Responsibilities for the role: Achieving Sales targets and Productivity norms Agent recruitment and activation Team management skill required Maintaining a healthy business mix(motor v/s non-motor) Cover Note control Job requirement : Understanding of the local market. High level of travelling involved Need to do hard and as well as smart working

  • At least 7 years of experience in higher bucket collection and having managed performance through channel and direct teams. Should be involved in developing agencies and skills to effectively manage them. Should be exceptionally good with repossession, negotiation and communication skills. Should be able to do proper planning and execute it successfully. Should be well conversant with Excel. Maintain ...

  • At least 7 years of experience in higher bucket collection and having managed performance through channel and direct teams. Should be involved in developing agencies and skills to effectively manage them. Should be exceptionally good with repossession, negotiation and communication skills. Should be able to do proper planning and execute it successfully. Should be well conversant with Excel. Maintain ...

  • Product Planning and review Review current product screens and policy to simplify and provide any suitable state modifications/ variants in order to drive the product Analyze the existing products and policies to identify gaps and improvement areas (TAT, Delivery, Process, Training, Documentation) and to address the right segments and identify new segments for Magma's existing products Track the ...

  • Product Planning and review Review current product screens and policy to simplify and provide any suitable state modifications/ variants in order to drive the product Analyze the existing products and policies to identify gaps and improvement areas (TAT, Delivery, Process, Training, Documentation) and to address the right segments and identify new segments for Magma's existing products Track the ...

  • 1. Coordinate between TL, FOS and other internal teams for ensuring smooth operations. 2. Ensure conducting minimum 100 call in a day 3. Creation maximum PTPs for EMI collection 4. Timely escalations of problematic contracts. 5. Strategy planning for resolving account. 6. Awareness calling to customers before due date through POC. 7. Calling to NR (Non Rentlised) cases and conversion. 8. Calling to EPC (Expired ...

  • 1. Coordinate between TL, FOS and other internal teams for ensuring smooth operations. 2. Ensure conducting minimum 100 call in a day 3. Creation maximum PTPs for EMI collection 4. Timely escalations of problematic contracts. 5. Strategy planning for resolving account. 6. Awareness calling to customers before due date through POC. 7. Calling to NR (Non Rentlised) cases and conversion. 8. Calling to EPC (Expired ...

  • 1. Obtain in-depth knowledge of business processes, inherent / general / specific business & control risks risks and related internal controls of the organization 2. Manage the identification and evaluation of the organizations risk areas and provide major input to the development of the Annual Audit Plan 3. Preparation and updation of risk-based audit programs 4. Assists superiors in planning, organizing ...

  • 1. Obtain in-depth knowledge of business processes, inherent / general / specific business & control risks risks and related internal controls of the organization 2. Manage the identification and evaluation of the organizations risk areas and provide major input to the development of the Annual Audit Plan 3. Preparation and updation of risk-based audit programs 4. Assists superiors in planning, organizing ...

  • 1. Obtain in-depth knowledge of business processes, inherent / general / specific business & control risks risks and related internal controls of the organization 2. Manage the identification and evaluation of the organizations risk areas and provide major input to the development of the Annual Audit Plan 3. Preparation and updation of risk-based audit programs 4. Assists superiors in planning, organizing ...

  • Looking for Telecaller for Mortgage business . Person will have to take care for retaining of customer planning for foreclosure

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