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

  • JOB PURPOSE Build an Analytics CoE and initiate s/w, tools, process to run business outcome oriented projects PRINCIPAL ACCOUNTABILITIES Leading the development of a strategy to support current and future needs through technology Coordinate to gather technical requirements such as performance, maintainability and scalability Producing conceptual, logical and physical data models Leading the evaluation ...

  • To be responsible for supporting operations by supervising staff; planning, organizing, and implementing administrative systems for the allocated State. Also responsible for directing the activities in the coordination and management of various administrative activities for the organization. On a daily basis monitor the work of the SG & HK staffs. Ensure availability of HK materials at the branches ...

  • Sales Regular visit to the channels within the branch operating area (radius of 75-100 kms) and also meeting customers as per DJP Conducting promotional activities with the channels and ensuring lead conversion through it Collection Maintaining RF to 30+ and 90+ in his portfolio Maintain early warning indicators in new origination Generating PTP in 31-90 bucket Service Maintaining TAT and lead ...

  • PRINCIPAL ACCOUNTABILITIES Preparation of Financial Statements of listed NBFC/HFCs Regulatory compliance of NBFC/HFCs Preparation and review of various MIS reports to management, business presentations & analyses Planning and Budgeting, comparison with actual, identification of areas of revenue leakage Will play major role in quarterly and annual audit of NBFC/HFCs, interaction with statutory/internal ...

  • PRINCIPAL ACCOUNTABILITIES AUDIT PLANNING & COORDINATION Obtain in-depth knowledge of business processes, inherent / general / specific business & control risks risks and related internal controls of the organization Manage the identification and evaluation of the organization’s risk areas and provide major input to the development of the Annual Audit Plan Preparation and updation of risk-based audit ...

  • PRINCIPAL ACCOUNTABILITIES AUDIT PLANNING & COORDINATION Obtain in-depth knowledge of business processes, inherent / general / specific business & control risks risks and related internal controls of the organization Manage the identification and evaluation of the organization’s risk areas and provide major input to the development of the Annual Audit Plan Preparation and updation of risk-based audit ...

  • PRINCIPAL ACCOUNTABILITIES AUDIT PLANNING & COORDINATION Obtain in-depth knowledge of business processes, inherent / general / specific business & control risks risks and related internal controls of the organization Manage the identification and evaluation of the organization’s risk areas and provide major input to the development of the Annual Audit Plan Preparation and updation of risk-based audit ...

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