Magma Fincorp Ltd. operates as a non-banking finance company. The firm engages in the provision of asset financing through its pan India branch network. It operates through the following segments: Finance and Mortgages, General Insurance and Others. The Finance and Mortgages segment includes asset, small and medium-sized enterprises and housing finance. The General Insurance segment involves general insurance business. The Other segment manages the windmill and other allied activities. The company was founded by Mayank Poddar and Sanjay Chamria on December 18, 1978 and is headquartered in Mumbai, India.