Magma Fincorp Ltd., is a non deposit taking Non Banking Finance company (NBFC) registered with Reserve Bank of India, as an asset finance company.The company is listed in the Bombay Stock exchange and Nationl Stock Exchange in India.
Magma headquartered in Kolkata has 13 branches in Karnataka.
Mr.Dhrubashish Bhattacharya,Vice president & National sales Head,said,"the industry is going through a challenging phase with the primary sales recording flat quarters.Karnataka is one of our strong markets in south and despite the slowdown we did well in this region last year especially in products like SME finance,car finance and suvidha finance".
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