Magma Car Insurance Customer Care Number: A small Intro about Magma: Magma Fincrop Limited is a Kolkata-based non-banking financial company which is registered by RBI or Reserve Bank of India. It is an asset Finance company that operated above 300 branches in 21 different states as well as union territories. There is a strong presence of the company in rural as well as semi-rural parts of India.
Magma Merge Proved Effective Financially as Well as Growth-Wise:
Magma Fincrop Limited incorporated in 1988 by Mr. Mayank Poddar and started commencing different operations in the year 1989. The merge of the company happened with Arm Group Enterprises in order to increase the presence all over. In the year 1996, it has entered into financing business for various construction equipment as well as vehicles. The company took acquisition of Consortium Finance Ltd, and expanded the network in the Northern parts of India. Again a merge took place and this time Schrachi Infrastructure Finance with Magma and increased the presence in various parts of southern as well as western India. During this venture, the company started another venture and this time with International Tractors Limited or ITL in order to make a mark in the tractor finance business
Magma Rebrand and Renamed:
In the year 2008, the company again got rebranded as well as renamed Magma Fincorp Limited. In the year 2009, Magma started a joint venture with HDI Gerling ( a German-based insurance company) to enter into the business of insurance. Company then received an R1 license in 2011 and in the same year, the company took 7% of the stake in Experian Credit Information Company of India Pvt Ltd. Then in 2011, Kohlberg Kravis Roberts, a global PE firm and an International Corporation invested a big amount in Magma.
Magma and Its Expansion:
Magma worked really hard and made its appearance in the mind of people staying in rural as well as semi-rural areas. It offers various services such as Commercial Vehicles Finance, Cars & Utility Vehicles Finance, Construction & Strategic Construction Equipment Finance, Tractor Finance, SME Loans, Suvidha (Refinance), Housing Loans, Insurance, Commercial Vehicle Finance, Finances new commercial vehicles, etc. Magma Car Insurance is also a great arrangement for car lovers. They can make an easy purchase of cars and get it insured for troubling times.
Magma Car Insurance Customer Care Number:
Dial Magma Car Insurance Customer Care Number and catch all the information about the insurance before you go for it. You can call anytime as there is wide scope for collecting appropriate info.
Head Office Address:
Office no. 516 and 517, 5th floor, Neelkanth Corporate Park, Plot no. 240, 2401/1-8, Kirol Road,
Vidyavihar (West), Mumbai, Maharashtra – 400086
Registered Office Address:
Development House, 24 Park Street, Kolkata – 700 016
Magma Car Insurance Customer Chief Grievance Officer: Mr. Sanjeev Punn
Magma HDI General Insurance Co. Ltd.
Office no. 516 and 517, 5th floor, Neelkanth Corporate Park,
Plot no. 240, 2401/1-8, Kirol Road, Vidyavihar (West), Mumbai, Maharashtra – 400086
Phone no. 022-67284800
E-mail– [email protected]