Magma Fincorp Ltd

2016 Customer Service Leadership Award – The Vehicle Fleet Leasing Industry, India

Magma Fincorp Limited (“Magma”) is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The Company, having started operations over two decades back, is listed on the Bombay Stock Exchange Limited and the National Stock Exchange in India.

Magma provides a bouquet of financial products including Commercial Finance, Agri Finance, SME Finance, Mortgage Finance, Car Leasing solution and has a general insurance subsidiary.

Magma has a dedicated base of around 6 lakh plus active customers and manages a Loan book of Rs 18,812 crore. The company has 251 branches in 21 states / 1 UT and employs around 9,200 people. Magma with a focus on rural and Semi-urban sector has a widespread coverage with a presence across 1,600 Talukas and 2,900 clusters.

Magma is one of the fastest growing car leasing companies in India. As a preferred car leasing provider for multinational & large Indian companies, Magma provides customized solutions to over 140 large & medium companies’ fleets across 14 states.

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