The Hindu Business Line : Magma Leasing growth

HYDERABAD: Magma Leasing Ltd, a leading player in retail finance, has announced an impressive business growth in Andhra Pradesh for the fiscal ended March 2005.

In a release on Tuesday, the company said that it disbursed Rs 131.64 crore during the year in the State, a growth of 90 per cent over Rs 69.21 crore of disbursals reported in the previous fiscal.

The company's overall business recorded highest ever disbursals of Rs 1,759.25 crore during the year, a 58 per cent increase over Rs 1,112.89 crore posted in the previous fiscal, the release said.

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