loader2
Login Open ICICI 3-in-1 Account

Entry Price

183.00

Target

230.00

Recommend Date

17-05-2018

Return

25.68 %
BUY

Date : 17-05-2018

Magma Fincorp was incorporated in 1988 and began by offering vehicle and equipment financing solutions to individuals and small businesses in India. It later included CV, tractor finance, SME loans as well as insurance. As on FY18, it has an AUM of | 15555 crore (~24% derived from utility vehicles/cars, ~8% from commercial vehicles, ~6% from commercial equipment, ~16% from used assets, ~16% from agri finance (including tractors), ~13% from SME loans, ~18% from mortgages). It has a network of 305 branches with 9 lakh active customers as on March 2018.