Kolkata, 5th January, 2012: A 24 member team from Magma Fincorp Limited, one of the leading asset finance companies of the country, will take part in the Standard Chartered Mumbai Marathon 2012. The team headed by Mr. Sanjay Chamria, Vice Chairman & Managing Director, will cover the 21 Kilometer, half - marathon stretch. Magma is running for a cause and raising funds for charity through the marathon. The amount raised will be donated to an orphanage run by the Philanthropic Society Of The Orthodox Church, Kolkata.

Magma has created a fund raising initiative for the orphanage on its Facebook fan page, which has amassed over 1,10,000 fans. An application has been created where users can show their support for the initiative by clicking on a live-ticker; with each new click on the application button - http://on.fb.me/MagmaMM, Magma will add Rs. 20/- to the donation amount on the user's behalf. This initiative, which started on 3rd January, 2012 will continue till the midnight on 14th January, 2012.

"Magma has participated in varied CSR activities pan India for years. This time we wanted to extend our support to the children of the orphanage managed by the Philanthropic Society of the Orthodox Church. There are over 100 children in this orphanage and it's a humble initiative on our part to be with them. By participating in the Mumbai Marathon this year we would be raising funds to give wings to these children's dreams. We are also extending this initiative on Facebook where we are gathering support for our cause. We will be donating at least Rs. 5 lac and will contribute Rs. 20 for each click on our Facebook application", said Mr Sanjay Chamria, Vice Chairman & Managing Director, Magma Fincorp Limited.

"The initiative undertaken by Magma Fincorp is indeed commendable. The amount to be donated by them will be used towards the welfare of the children. We will be able to accept more kids and organize extra-curricular activates for them with Magma's contribution. We all are thankful to them and wish them success in the forthcoming marathon", said Sister Nectaria of The Philanthropic Society Of The Orthodox Church.

At Magma, Corporate Social Responsibility (CSR) is a medium to meet our socio- economic, environmental and ethical responsibilities. Magma organizes host of CSR activities like Health & Eye Check Up Camps, Blood Donation Camps, Midday Meal Programmes, Painters' Workshops, etc. Magma has also adopted 13 schools in six tribal areas of Jamshedpur, Raipur, Jabalpur, Ranchi, Siliguri and Bhubaneshwar to promote the cause of education.

About The Philanthropic Society Of The Orthodox Church

Father Ignatius with Sister Nectaria came to India in 1991 to reopen the Greek Church which was closed for 20. In 1993, a Philanthropic Society in Kolkata was formed by them. This society has dispensaries in West Bengal, 5-6 schools in different districts and home for the orphans. As on date, there are 116 children here. The children are provided education and are sent to private schools as well as schools operated by the Society. They are also taught computers, dance, musical instruments, etc. The orphanage was set up in 1999 in Bakeshwar village in Kolkata and is equipped with a dental and healthcare clinic.

About Magma

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 financing of Utility Vehicles & Cars, Commercial Vehicles, Construction Equipments, Tractors and SME Loans. Magma has a dedicated base of around 2.7 lac customers and has assets of INR 11378 crores under management. The company has 195 branches in 20 states and 1 union territory and employs over 5000 people.

Magma has signed a joint venture with HDI Gerling, part of Talanx Group, Germany's third largest insurance group to start a general insurance company in India, which since has received R1 license from the insurance regulator.