In order to expand its pan-India presence, Magma Fincorp, a leading asset finance company, is planning to focus on rural and semi-urban markets. Despite the industry going through the challenging phase, the company has been able to post a healthy growth in 2012-13 with a compounded annual growth rate (CAGR) of 27% in disbursements, with the assets under management going higher by 30%. This is mainly on account of cautious approach undertaken by the company and its focus on providing asset finance to the economically disenfranchised segment.
Kolkata headquartered company has 18 branches in the state, of which 6 have been opened this year. The company has branches in Ajmer, Bharatpur, Hindaun, Jaipur, Sikar, Alwar, Bikaner, Jodhpur, Udaipur, Bhilwara, Kota and other cities.
