Magma Fincorp Limited offers secured lending, primarily in the rural and semi-urban areas.
Magma Fincorp Limited (formerly Magma Leasing Limited) was incorporated in 1988 and commenced operations in 1989. To strengthen its business, the company merged with Arm Group Enterprises in 1992. Magma has emerged one of India's largest financial services companies during the past five years.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Mar 30, 2015 | Post-IPO Equity | ₹5B | 2 | — | — | Detail |
May 23, 2011 | Post-IPO Equity | $100M | 1 |
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— | Detail |
Investor Name | Lead Investor | Funding Round |
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— | Post-IPO Equity |
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— | Post-IPO Equity |