Magma Fincorp’s Nationwide Customer Survey shows Commercial Activites and Asset Deployment improved

Commercial Vehicles/Construction Equipment: Saw a ten-fold increase in vehicle deployment between April and July. Out of the 60% asset deployment, load utilization was 50%.

Magma Fincorp’s Nationwide Customer Survey shows  Commercial Activites and Asset Deployment improved
Magma Fincorp

Mumbai, 7 September 2020: Mumbai-based NBFC, Magma Fincorp Limited conducted a survey of 3 lakh 
customers across cars, commercial equipment (CE), commercial vehicle (CV) and tractor segments 
recently. The survey found that on a weighted average basis deployment across asset classes has 
improved in July 20 compared to April 20. 
Deepak Patkar, CEO - ABF Biz, Magma Fincorp said, “Magma is committed to ‘Investing in the smallest 
dream’. We believe the act of a first generation entrepreneur seeking finance for buying a productive 
asset, represents the very soul of financial inclusion – it is thousands of such customers that are helping 
build a modern India from the grassroots.” 
Commercial Vehicles /
Commercial Vehicles/Construction Equipment: Saw a ten-fold increase in vehicle deployment between 
April and July. Out of the 60% asset deployment, load utilization was 50%.
Personal Cars: The Personal Car segment comprised customers whose cash flows are largely dependent 
on their businesses. There has been an improvement in the cash flow situation. Customers who have 
largely been in addressing downstream customers from essential goods, agri-based & FMCG sectors are 
showing positive trends vis à- vis customers in sectors such as garments, gems & jewellery etc. 
Commercial Cars: Taxi segment -includes app cab & tour operators - have seen low deployment. 
Tractors segment: For Agri-based usage Bumper Rabi crop harvest and timely government Interventions 
enabled farmers to improve crop sale and cash flows during challenging times. 70% of the customers were 
able to make their payments on time. For Commercial usage, improvement is to be seen as Cash flow 
crunch persists due to deployment issues.
About Magma Fincorp Limited
Magma Fincorp Limited (“Magma”) a Mumbai-based non-deposit taking non-banking finance company 
(NBFC), is registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The Company 
started operations nearly three decades back and is listed on the BSE and NSE in India.
Magma, a financial conglomerate offers financial products such as asset finance, SME finance, mortgage 
and general insurance. Magma is focused on the rural and semi-urban sector and is present in 21 States 
and 300 Branches. Magma has served 3 million customers and manages a loan book of Rs 15,922 cr. 
For more information please log on to: www.magma.co.in

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