Magma Fincorp Ltd. is a non-banking finance company (NBFC), listed at BSE and NSE. Since inception in 1988 the company is driven by a single purposeful goal of “investing in the smallest dream” and has been offering financial solutions to the under served in the rural and semi urban India. Magma today operates through a pan India network of nearly 300 plus offices and employs nearly 9000 plus people. Magma provides a bouquet of financial services products including Asset Finance, Agri Finance, SME Finance and Mortgage Loans and also has a General Insurance subsidiary.
Magma Fincorp Ltd. (MFL) over the years has demonstrated several laudable examples of responsible corporate action for sustainable social development. Moreover to conduct CSR activity in an organized way, Magma with its group companies has created a dedicated trust namely Magma Foundation. The purpose of trust is firstly to organize activity which can bring a significant change in the lives of under privileged masses and secondly to motivate others to come up and serve the needy ones.
Magma Fincorp Ltd. along with its group companies Magma ITL Finance Ltd. and Magma Housing Finance Ltd. has formed a trust, Magma Foundation. The said foundation is already registered and has received all the statutory approval from the regulator. Hence forth most of the CSR activity at the group level will be taken care by Magma Foundation.