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About Us - Growth Path
- 1989: Magma Leasing Limited commenced operations
- 1992: Merged with Arm Group Enterprises to strengthen its business
- 1996: Entered retail financing business for vehicles and construction equipment
- 1998: Expansion of retail financing operations in Orissa and Chhattisgarh, thus expansion of network in East India
- 1999: Acquisition of Consortium Finance Ltd (CFL); expansion of network across 40 branches in North and East India
- 2001: Strategic joint financing agreement with Citicorp
- 2003: Strategic arrangement with ICICI Bank
- 2005: Launched fee-based business - Insurance and Personal loan
- 2006: Rolled out two new products - Used Vehicle Finance & Strategic Construction Equipment
- 25 August 2006: Magma Leasing and Shrachi Infrastructure merger announced; Magma also entered into a tie-up with Maruti Udyog Limited, the country's largest carmaker, to finance Maruti cars
- 2007: Merger and integration of Magma Leasing and Shrachi Finance completed - pan-India footprint with 160 offices in 20 states and asset base of over Rs 6,400 crore
- August 2007: Magma Shrachi and International Tractors Limited (ITL) entered into a joint venture to form Magma ITL Finance Limited
- August 2008: Underwent a major branding exercise, subsequent to which the company was renamed Magma Fincorp Limited
- 2009: Entered into a tie-up with Ashok Leyland for financing of commercial vehicles.
- 2009: Magma inks JV with German insurer HDI Gerling to enter general insurance business.
- 2009: Magma owns 7% stake in the newly formed Experian Credit Information Company of India Pvt Ltd, the Indian Credit Information Company (CIC) arm of the global information services company, Experian.
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