Chandigarh, 15th February, 2011: Punjab has given birth to many a talent in the fields of literature, art and culture. To promote and encourage art and upcoming talented artistes of Punjab, Magma Fincorp Limited, India's leading retail asset finance company is holding a two day Painters' Workshop in the city.

The Magma Painters' Workshop, which began today, has 10 promising city artistes colouring the canvas with their unique imagination. The workshop was graced by Mr Naunihal Singh, IAS, Senior Superintendent of Police, Chandigarh.

"Magma has always encouraged and nurtured talents in the field of art. We are holding Magma Painters' Workshop for the past few years in Kolkata and decided to take this activity on a national level. Kochi, Bhubaneswar & Pune, beyond Kolkata, were the places we held such workshops in this financial year," said Mr Sanjeev Chandhok, General Manager, Magma Fincorp Limited.

"We plan to take the workshop to other part of the country too in the coming year to provide a platform to the young artists a chance to showcase their talent," said Mr. Bhisham Dhamija, General Manager, Magma Fincorp Limited.

The participating artists are Manju Negi, Kanika Kakkar, Kamaljeet Kaur, Sapna Sharma, Monami Bhattacharya, Ritika Singh, Jagseer Singh, Narinder Singh, Sonica Gupta & Varinder Singh - all bright amateur artists of the city.

About Magma Fincorp Limited

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 base of over 2.35 lac "live" customers and has assets of approximately INR 9874 crores under management. The company has 172 branches in 20 states and 1 union territory and employs about 4900 people.