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About Us > Introduction
Introduction
Magma Fincorp Limited has grown to be one of India's large retail-finance companies. We have built total assets under management of more than Rs.18,000 crores (over $3 billion) and the Magma family comprises over 7000 'Magmaites', working across different functional verticals.Magma has a diversified product portfolio, comprising of commercial vehicles, construction equipment, passenger car and utility vehicles, tractor, used vehicles, and SME loans. In addition we have started Gold Loans and Affordable Housing Loans in FY'13. Magma has signed a JV with HDI Gerling of Germany to start a general insurance company, which has since received R2 license from the regulator.
Magma has a wide operating footprint in India with over 275 branches across 21 states in the country. We have a dedicated customer base of over 3,00,000 current customers. We provide a one-stop-shop financing facility to our customers, and fulfill the dreams of millions of first-time entrepreneurs, catalyzing local economies and helping the nation grow.
Specialties
Credit, Finance, Car & Utility Vehicle Finance, Construction Equipment Finance, Commercial Vehicle Loans, Tractor Finance, SME Loans, Suvidha (Refinance), Insurance, Recovery, Turning dreams into reality, Gold Loans, Affordable Housing Loans