The Hindu Business Line : Magma Shrachi giving Rs 373 cr

Magma Shrachi Finance Ltd, a Kolkata-based retail finance company, has targeted to disburse Rs 373 crore in the Hyderabad business region that comprises seven districts. Addressing a press conference here, Mr Ravi Todi, Joint Managing Director, said the company would focus on commercial vehicle loans. “We will look at disbursing Rs 10 crore in the commercial segment every month. With regard to car loans, the company targets Rs 7 crore,” he said. In 2006-07, the company registered annual disbursals of Rs 2,544 crore. The

assets under its management stood at over

Rs 5,700 crore.

– Our Bureau

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