About UsMagma Fincorp Limited (formerly Magma Leasing Limited) was incorporated in 1988 and commenced operations in 1989. To strengthen its business, the company merged with Arm Group Enterprises in 1992. Magma has emerged one of India's largest financial services companies during the past five years.
In early 2007, to strengthen its services even more, Shrachi Infrastructure Finance Ltd. (SIFL), a non-banking retail financing company, merged with Magma to create a new financial services powerhouse: Magma Shrachi Finance Ltd. On August 2008, we renamed ourselves as Magma Fincorp.
We are headquartered in Kolkata (India), and registered with the Reserve Bank of India. We are represented by a qualified team of over 4950 Magmaites.
In response to rapidly evolving demand, we offer 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
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Aim / Vision / MissionV I S I O N
To become India's largest retail financing company.
M I S S I O N
Continue service excellence in retail financing to bring prosperity and happiness
to all.
Team / Manpower Brahmajyoti Mukherjee, Chief People Officer
51, BTech (Mech.)-IIT Kharagpur, PG (Industrial Engg)-NPC (Gold medalist).
He has over 23 years' experience in HR and Personnel Management with large Indian companies and MNCs. As Chief People Officer, Mr Mukherjee is responsible for the HR development function including organisation development, operations, recruitment, administration and training.
| | | Ashutosh Shukla, Chief Operating Officer
47, CA.
He has over 26 years' experience in the field. He now handles Sales, Credit, Operations and Admin verticals. His last assignment was as Head - Asset Reconstruction Division.
| | | GP Pattanaik, Chief - Receivables Management
50, BCom, ACA
Mr. Pattanaik brings over 30 years' experience in public and private sector to his role focussed on collections for 0-180 buckets and Asset Reconstruction Division. Earlier he was the Business Head-East and National Head - Recovery.
| | | V Lakshmi Narasimhan, Chief Financial Officer
45, FCS, LLB, PGDBM.
He handles the Treasury, Accounts, Taxation, Budgeting, MIS and Secretarial functions in the company. His last role was that of Group Business Head. Previously, he has held senior positions including National Credit Head and Head-Fee-based Business.
| | | Dinesh Chandna, Chief Information Officer
49, B.Tech in Electrical & Electronics
With a career spanning over 26 years, Mr. Chandna has worked in leading organizations of India and abroad. He is responsible for providing a state-of-the-art IT platform to the teams to optimize productivity and support corporate growth objectives.
| | | Swaraj Krishnan, CEO - Designate,
Magma HDI General Insurance Company Limited
53, Masters in Business Economics and Certificate of Reinsurance from Chartered Insurance Institute, London.
He has over 29 years of experience and has handled positions such as Head of Claims, CEO etc. in PSU and MNC insurance companies. |
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 | Fact Sheet | | | Year of Establishment | : | 1988 | | Nature of Business | : | Service Provider |
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Contact Details| | Company Name:
| Magma Fincorp Limited | | Contact Person: | Mr. Manager | | Telephone: | +(91)-(33)-44017200 / 44017350
| | Address: | Magma House, 24 Park Street, Kolkata, West Bengal - 700016 (India) |
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