Poonawalla group acquired Magma Fincorp Ltd has announced the joining of Sanjay Miranka as its Group Chief Financial Officer (Group CFO). Sanjay will lead the group’s resource raising, regulatory compliance & governance, investor interactions, corporate legal, and work with the MD and Group CEO on the strategic transformation. Sanjay is a qualified CA and CS…
Poonawalla group acquired Magma Fincorp Limited has announced the joining of Sanjay Miranka as its Group Chief Financial Officer (Group CFO), effective immediately. In this new role, Sanjay will lead the group’s resource raising, regulatory compliance & governance, investor interactions, corporate legal, and work with the MD and Group CEO on the strategic transformation. Sanjay…
Vijay Deshwal has joined Poonawalla group acquired Magma Fincorp Ltd, as its Group CEO. In his new role, he would be responsible for the Lending and Housing Finance business along with its Insurance business. He will be based out of the Pune corporate office. Vijay Deshwal, a post-graduate from Indian Institute of Management Ahmedabad (IIMA)…
Magma Fincorp Limited, a Mumbai-based non-deposit taking non-banking finance Company (NBFC), announced a series of leadership changes following the Poonawala-controlled Rising Sun Holdings acquiring controlling stake through an equity infusion of Rs 3,456 crore in May 2021. The Board, on Monday, appointed Adar Poonawalla as the Chairman of the Company. The Company has also appointed…
Magma Fincorp Limited, a Mumbai-based asset finance company, announced the launch of pro-bono business consulting services for Small and Medium Enterprise (SME) customers under a partnership with Wadhwani Foundation. Under the program Magma will provide business consulting, digital learning management, program management office support and impact assessment to upto 1000 SME customers initially, to help…
Mumbai-based asset finance company, Magma Fincorp Limited, announced the appointment of Deepak Patkar as its CEO ABF business. Commenting on the appointment, Sanjay Chamria, Vice Chairman and Managing Director, Magma Fincorp Limited said, “Deepak has been working with us since Sep 2018 as Group Chief Risk Officer and has been a member of the strategic…
Mumbai-based asset finance company, Magma Fincorp Limited today announced that the company has raised INR 350 Crore by way of Non- Convertible Debentures (NCDs) from Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO), a Dutch Entrepreneurial Development Bank, to support the company’s on-going growth plans. The NCDs issued on a private placement basis are unlisted, redeemable,…