Company Profile For Magma Fincorp Limited

Magma Fincorp Limited (Magma), formerly Magma Shrachi Finance Limited, is an India-based company. The Company is engaged in the business of financing in India. The Company’s offerings include commercial vehicle finance, construction equipment finance, car and utility vehicle finance, suvidha loans (refinance), small and medium enterprises (SME) loans, tractor finance and insurance services. Magma provides secured new commercial vehicle finance to customers. The Company focused on to first-time buyers and small entrepreneurs (those owning less than five vehicles). The Company also provides pre-funding to commercial vehicle dealers to accelerate vehicles delivery to its customers. Magma provides construction equipment finance across retail and strategic customer segments. Magma has made arrangements with third-party insurance companies to facilitate cross-sell of their products to captive and non-captive customers. It also provides related infrastructure support and manpower services.

BRIEF: For the six months ended 30 September 2009, Magma Fincorp Ltd.'s revenues totaled RS3.22B. Net income totaled RS264.3M. Results are not comparable as company first time reporting consolidated financials. Magma Shrachi Finance Ltd is an India-based Company. The Company is engaged in financial services. Its products include commercial vehicle finance, passenger car finance and construction equipment finance.

Magma Fincorp Limited
Magma House,
24, Park Street
Kolkata     700 016
P: +9133.44017200
F: +9133.22457424