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Magma Leasing Limited was incorporated in 1988 and commenced operations in 1989. The company merged with Arm Group Enterprises in 1992 to strengthen its business further. Since then, Magma has emerged over the last decade-and-a-half as one of India?s largest non-banking financial companies. They are headquartered in Kolkata (India) and registered with the Reserve Bank of India. They are represented by a qualified team of 950 plus Magmaites. In response to the rapidly evolving demand of an India on the move, they offer individual and corporate customers a range of financial products and services in: Commercial vehicle finance, Construction equipment finance, Passenger car finance.
Interestingly, they rapid growth over the last few years is not just derived from company conscious initiative in growing company physical infrastructure; it originates in the prudent investments that they have made in lasting relationships - with team members, alliance partners, customers and vendors As a result, they have achieved a compounded annual growth rate of over 70 per cent over the last three years. They have outperformed the growth in the Indian financing industry. And in doing so, they have emerged as a dynamic industry proxy Now by the same approach, they expect to make this growth as sure as company expect to make it sustainable. Resulting in an organization that is stronger and more responsive to growing needs of a dynamic nation.
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