Not one of our nine products (six products under asset financing business and three new products launched in FY13) contributes more than 30% of our loan assets. Our presence across 21 states and union territories ensures that no one state contributes more than 11% of our disbursements, and diverse customer selection criteria keep our customer base eclectic. Our business model is resistant to natural fluctuation in the markets that we cover, and resistant to industry specific economic cycles.
Magma’s vertical organizational structure enables us to create centres of excellence. A bottom-up approach towards control and responsibility of the entire loan process ensures higher speed, better accountability, increased levels of monitoring and in turn higher levels of efficiency.
Stringent write-off policies and our experience in credit underwriting keeps the quality of our portfolio at exceptional levels. Our company's accounting policies are stricter than those required by the Reserve Bank of India, and we have set benchmarks in the industry by consistently keeping the non-performing-assets proportion of our portfolio at around 0.2%.
Through our effective and specialised in-house operations, we ensure higher degree of customer service and uniform customer experience. Our family of 6000+ Magmaites is bound by one culture, value and belief. This ensures that your investment is in safe hands.
In 2011, Magma set the industry benchmark for collection efficiency. We peaked at 107.5% efficiency in March and averaged 101.7% for the year. With careful research techniques and strict guidelines for accepting customers, we keep your investment safe.
