Talking about Magma’s different financing solutions for CE industry, Mr. Sumit Mukherjee said we have special schemes and tie – ups with all major manufacturers which enable us to provide the most lucrative schemes and options to our customers. We have regularly been devising new schemes and products for our customers. We also provide customized financial solutions according to our customer’s requirements. We are at a stage and on tracks of expansion. We have had a very long association with Equipment financing trade and have also moved into various other sectors such as SME, Suvidha (Refinance) & Tractor.
For company’s participation in Excon, Mr. Mukherjee said that Excon is South east asia’s largest trade fair on Construction Equipment & Construction Technology which will showcase the latest advancements in construction engineering with specific emphasis on efficiency, productivity, safety, environment protection and construction quality. Alongside also this is a platform where over 30,000 new and existing customers reach from all regions of the country. This platform will help us in interacting and informing a huge chunk of customers about our other products. It will be a good cross sell opportunity as most of our customers are potential clients for our other products.
Magma started operation in 1989 and entered into the equipment financing trade in 1996. We provide financial products to individuals, SME’s & corporate. We have structured lending program with well- defined customer selection criteria. This helps us to offer packages according to customer size. Countrywide presence with 190 offices, we are able to cater to all market segments. It has helped us with superior customer support & wider reach. Our bouquet of offerings include funding of new assets, Refinance against old equipment to meet short-term capital requirements and Letter of credit for customized / imported equipment.