Profile: Magma Fincorp Ltd (MAGM.NS)
MAGM.NS on National Stock Exchange of India
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Magma Fincorp Limited is a non-banking finance company. The Company is primarily engaged in the business of asset financing. Its principal activities include Financing for Tractors, Commercial Vehicle (CV), Construction Equipment (CE), Cars and Used Vehicles, and mortgage and loans to micro, small and medium enterprises (MSME). Its segments include Finance and mortgages, which includes asset finance and housing finance; General insurance, which includes general insurance business, and Others, which includes windmill and other allied activities. The Company, through Magma HDI General Insurance Company Limited, a joint venture between the Company and HDI Global SE, offers motor insurance, liability insurance, fire insurance, engineering insurance, marine insurance, and burglary and risk insurance. It provides loans for a range of used commercial vehicles from small commercial vehicles to tractor trailers. It offers home loans for residential, commercial and plot collateral security.
Magma Fincorp Ltd
24 Magma House, Park Street