Poonawalla Fincorp Limited · NSE:POONAWALLA
Poonawalla Fincorp — Magma Fincorp — Q1 FY20 Earnings Presentation
64 slides from Poonawalla Fincorp's earnings presentation, Aug 1, 2019
Slide 1: Intimation to stock exchanges: Investors/Analysts presentation
• Magma Fincorp Umited Regd.Ofke Development HOUie 2.04Po,k St'eet, Kolkolo 700 016 Tel: 91 7596067686 913344017350 fa> : 9133440170126 CiN : l51504WB1978PlC031813 Web:_w.magmo.co.in MAGMA Invesling in the smallest dreom 01 August 2019 Corporate Relationship Department Company Code - 524000 BSE Limi
Slide 2: Towards a Robust, Sustainable and Profitable Growth
Towards a Robust, Sustainable and Profitable Growth Magma Fincorp Limited Investor Presentation – Q1 FY20 1
Slide 3: Agenda
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 4: Quick Snapshot
Quick Snapshot Company into 32nd year of retail Strong technology platform, financing business systems & processes Strong management team with Robust risk management extensive industry experience framework AUM1 – Rs. 17,312 Crore ~ 2.4 Million Customers serviced Evenly spread across India since ince
Slide 5: Financing Solutions to Underbanked Customers in 'Rurban' India
Provide Financing Solutions to Underbanked Customers in ‘Rurban’ India Recognised and Trusted Brand in ‘Rurban’ India • Taxi / Truck driver / operators, • Self employed customer with Small Farmers informal income sources (Home / Car buyer) Customer Focus Underserved ‘Rurban’ India • Customers with i
Slide 6: Financing & General Insurance Solutions
Focus on Higher Cross-Selling of Products for Deep Customer Engagement Customer Segments Illustrative Asset Profile Average Self Employed Small & Limited Average Average First Time Loan to Non Medium banking / Ticket Size Tenure Buyers Value Professionals Entrepreneurs credit history (Rs lakh) (mont
Slide 7: A well diversified portfolio across segment and geography
A well diversified portfolio across segment and geography Diverse Product Offerings Zone-wise Breakup Asset Backed Finance (ABF) AUM1 : Rs. 11,655 crs North, 36% West, 22% East, 17% South, 25% Total AUM1 : Affordable Housing Finance Rural-Urban Breakup SME Finance AUM1 : Rs. 2,264 crs Rs. 17,312 crs
Slide 8: Extensive Pan India Network
Extensive Pan India Network Asset Light Branch Network 316 Branches as on 30th June 2019 Himachal Pradesh, 3 Delhi, 4 • Wide retail presence through hub and spoke model Uttarakhand, 3 Punjab, 9 • Technology solutions enable FOS to conduct business Uttar Pradesh, 41 Haryana, 20 from channel/customer
Slide 9: Magma Culture Code
Magma Culture Code Integrity Collaboration Respect Do the right thing (end), the right Invite ideas and inspiration for all Treat people equally way (means) all the time 8
Slide 10: Agenda: Financial Performance – Q1 FY20
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 11: Key Highlights Q1 FY20
Key Highlights Q1 FY20 Parameter Q1 FY19 Q1 FY20 YoY Liquidity scenario: • Continued Business as usual, in one of the Disbursement Rs. 1,839 crs Rs. 2,066 crs 12.3% longest period of continued liquidity crisis • Positive cumulative liquidity position across all buckets, assuming Working Disburseme
Slide 12: NIM Outlook
NIM Outlook Q4 FY19 to Q1 FY19 to Particulars Q1 FY20 Q1 FY20 Disbursement Yield delta +20 bps +23 bps Book Yield delta -5 bps -24 bps NIM Compression -59 bps -108 bps Addressing NIM expansion through following two key strategies: • Increasing ABF portfolio mix towards higher risk-adjusted-return as
Slide 13: NCL Outlook
NCL Outlook • Seasonality, macro factors and conservative provision & write off policy led to optically higher NCLs, estimated to settle at substantially lower levels during the year • Collection Efficiency lower by 1.6% in Q1FY20 (96.1% Vs 97.7%); however marked improvement visible in June. • Lower
Slide 14: Disbursals
Disbursals QoQ growth in Disbursement YoY Change in Disbursement Mix 1,839 2,066 2,586 4% 6% 4% LAP - Retail 2,200 2,132 2,066 12% 1,839 18% HL 16% SME Business 10% 4% ABF-Agri 23% Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 ABF-Used 30% Assets 7% ABF-CE 11% 4% ABF-CV 8% Increase in contribution of core
Slide 15: Assets Under Management (AUM)
Assets Under Management (AUM) 16,526 16,396 17,029 15,873 17,312 15,873 17,312 1,003 1,215 17% 18% 18% 6% 7% 19% 20% 13% 14% 13% 13% 13% 15% 12% 11% 16% 10% 14,870 16,097 17% 18% 19% 16% 20% 94% 93% 6% 7% 8% 6% 7% 9% 10% 8% 10% 10% 23% 21% 20% 23% 20% Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Q1 FY19
Slide 16: Assets Quality
Assets Quality Particulars Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Gross Stage 1 and Stage 2 Assets 13,895 13,913 14,898 13,569 15282 ECL Provision – Stage 1 and 2 348 333 293 359 300 Stage 1 and Stage 2 Coverage Ratio (%) 2.5% 2.4% 2.0% 2.6% 2.0% Gross Stage 3 Assets 1,326 910 747 1,302 814 Net Sta
Slide 17: Key Ratios
Key Ratios NIM Analysis (% of AUM) NCL (% of AUM) 9.0% 8.4% 8.1% 8.6% 3.0% 7.5% 2.2% 2.1% 1.3% 1.0% Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 NIM: (Total Income (incl. Other Income) – Interest Expenses) / Average AUM NCL: Net Credit Loss / Average AUM Opex Ratio
Slide 18: Liability Profile – Stable credit rating and sources of funds
Liability Profile – Stable credit rating and Stable sources of funds On Balance Sheet 12,165 12,017 13,401 11,844 13,560 Debt 13% 10% 6% 16% 14% 33% 37% 30% 43% 42% 26% 28% 21% 17% 14% 5% 4% 4% 4% 4% 15% 18% 18% 18% 20% 8% 7% 8% 8% 8% Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Perpetual & Sub Debt Term
Slide 19: Structural Liquidity June'19
Structural Liquidity June’19 -15% • Working capital limits are considered as repayable in 6 - 12 months time bucket against earlier treatment of considering matched to maturity of underlying assets. • Behaviorally, Working Capital limits are renewed by banks every year and are thus revolving in natu
Slide 20: Asset-Liability Policy & Governance
Asset-Liability Policy & Governance • Strong ALM policy to ensure adequate Liquidity at all times. • Maintain adequate liquidity buffers to meet repayment obligations and to continue business uninterrupted ALM Policy & for a period of at least 1 calendar month, assuming no fresh funding lines are av
Slide 21: Capital and Profitability
Capital and Profitability Net Worth Capital Adequacy* 2,580 2,662 2,744 2,530 2,759 21.2% 21.7% 24.9% 21.9% 24.4% 4.1% 3.9% 54 3.7% 3.6% 4.3% 54 54 54 54 2,690 2,705 17.6% 18.1% 20.7% 17.6% 20.5% 2,526 2,608 2476 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Reserve
Slide 22: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars Q1 FY20 Q4 FY19 Q1 FY19 FY19 Net Revenue 323 339 341 1,391 Expenses 177 171 167 684 Operating Profit 146 168 173 707 Net Credit Loss 129 41 84 265 Profit Before Tax 17 127 89 442 Tax 5 40 29 138 Profit After Tax 12 87 60 303 Share of profit in Joint V
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars 30-Jun-19 30-Jun-18 31-Mar-19 Cash and Cash Equivalents 540 456 957 Loans and Advances 15,492 13,782 15,007 Other Assets 669 673 637 Fixed Assets 190 190 189 Total Assets 16,892 15,100 16,789 Borrowings 13,560 11,844 13,401 Other Liabilities 574 726 644 Share C
Slide 24: Business Strategy – Asset Backed Finance (ABF)
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy – Asset Backed Finance (ABF) 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in thi
Slide 25: Asset Backed Finance (ABF) Business
Asset Backed Finance (ABF) Business Q1 FY19 ABF Disbursement Q1 FY20 ABF Disbursement Branch & product 49% Grading based on asset 190 96 quality performance 10% 15% 421 403 30% UV/Cars 26% 4% Portfolio re-shaping by CV increasing contribution of focus products & 32% 37% CE customer segments 422 618
Slide 26: ABF Disbursal Strategy - Change is evident
ABF Disbursal Strategy - Change is evident Disbursement Disbursement Mix 47% 1,644 4% 1,462 1,424 1,347 1,375 618 421 403 14% 422 49% 24% 194 167 190 120 91 96 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 UV/Cars CV CE Used Assets Agri Finance Q1 FY19 Q1 FY20 Significant growth in Used Assets Values in R
Slide 27: Asset Backed Finance (ABF) Business
Asset Backed Finance (ABF) Business Cross sell Disbursement Direct Business % of total ABF Disbursal Q1 FY19 ABF Disbursement Q1 FY20 ABF Disbursement Direct, Direct, 237 40% 45% 230 182 162 Indirect, 60% Indirect, 130 55% Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Rs. 1,347 crs Rs. 1,375 crs • Signifi
Slide 28: ABF AUM Strategy - Change is evident
ABF AUM Strategy - Change is evident Product-wise AUM Contribution March‘19 June‘18 June‘19 1,895 1,747 3,439 30% 2,505 16% 3,718 15% 3,432 23% 8% 30% 29% 33% 28% 30% 23% 3,490 3,256 15% 12% 15% 2,573 36% 11% 9% 11% 1,719 1,758 1,317 33% 1,282 1,014 1,229 21% Rs. 11,591 crs Rs. 11,127 crs Rs. 11,655
Slide 29: ABF - Early Indicators: EWI & CPMI Trend
ABF - Early Indicators: EWI & CPMI Trend EWI Trend for ABF CPMI Trend for ABF 17.0% 13.4% 13.4% 10.3% 10.1% 8.7% 8.3% 8.3% 5.7% 4.7% 8.4% 8.3% 8.2% 7.7% 5.7% 4.4% 4.3% 4.7% 4.5% 4.3% Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 EWI EWI Benchmark CPMI CPMI Benchmark Jun-15 Ju
Slide 30: Business Strategy – Affordable Housing Finance (AHF)
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy – Affordable Housing Finance (AHF) 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios
Slide 31: Affordable Housing Finance Business (AHF)
Affordable Housing Finance Business (AHF) Total AHF Disbursement (Units) Affordable Housing Franchise continues to 4,992 4,757 scale up 3,498 Sales process 2,759 streamlined emphasizing direct origination 1,759 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Innovation & Strategy unit in place for digital t
Slide 32: Affordable Housing Finance Business (AHF)
Affordable Housing Finance Business (AHF) Product-wise AUM Contribution March ‘19 June ‘18 June ‘19 43 14 40 188% 1% 1% 788 1% 1,206 28% 38% 1,409 42% 1,944 79% 57% 0.5% 71% 61% 1,953 1,911 Rs. 3,160 crs Rs. 2,755 crs Rs. 3,393 crs LAP HL CF Values in Rs crore 31
Slide 33: AHF - Business Initiatives
AHF - Business Initiatives Go Home Loan Go Direct HL Ratio (Units) Direct Ratio (Units) 68% 67% 68% 77% 80% 79% 81% 63% 68% 56% 59% 43% 47% 40% 33% 33% 26% 28% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY18 FY19 FY20 FY18 FY19 FY20 Key Takeaways • HL Ratio has improved from 56% in Q1 FY1
Slide 34: AHF Disbursal Strategy - Change is evident
AHF Disbursal Strategy - Change is evident Home Loan Disbursement Total AHF* Disbursement 252 237 402 369 179 289 242 134 160 81 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 • 192% Y-o-Y improvement in HL disbursals in Q1 FY20 and 131% Y-o-Y improvement in overall
Slide 35: AHF Disbursement - Diversified Business
AHF Disbursement - Diversified Business Geography 242 289 402 160 369 • Focused deep market penetration in 102 locations across 18 5% 6% 4% 6% 4% states using unit model implementation 23% • Significant reduction in the concentration risk 33% 37% 39% 38% • Poised towards being a unique affordable fi
Slide 36: AHF - Early Indicators: ID & ED Trends
AHF - Early Indicators: ID & ED Trends ID & ED Trend for AHF 6.0% 5.0% 4.53% 4.23% 4.0% 3.28% 3.0% 3.23% 3.05% 1.79% 1.80% 2.0% 2.52% 1.29% 1.55% 0.70% 0.73% 1.0% 1.27% 1.36% 0.70% 0.0% 1.06% 0.39% 0.62% Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 ED ID ED Benchmark ID Benchmark Y
Slide 37: Business Strategy – SME Finance
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy – SME Finance 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation.
Slide 38: SME Finance Business
SME Finance Business “Mscore” SME Credit Disbursement momentum continues Scorecard launched pan India across 80+ branches. 540 497 60% of logins following 419 Straight-Through- Processing 333 322 SME Product bouquet enhanced with GST Product launch Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 Continued D
Slide 39: SME Finance – AUM
SME Finance – AUM AUM Growth Geographical Diversification 2,278 2,264 2,238 North, 18% East, 13% 2,156 1,991 West, 35% South, 34% Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY19 Q1 FY20 SME Finance business AUM grew by ~14% Y-o- Y Geographically well diversified portfolio as on June’19 Values in Rs crore Bringing E
Slide 40: SME Finance - Early Indicators: ID & ED Trends
SME Finance - Early Indicators: ID & ED Trends ID & ED Trend for SME Finance 1.96% 1.52% 1.47% 1.57% 1.60% 1.32% 1.44% 1.43% 0.58% 0.81% 0.67% 0.58% 0.50% 0.64% 0.34% 0.40% Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 ED ID Secular reduction in ID, consistent trend in ED EWI & CPMI parame
Slide 41: Business Strategy – MHDI
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy – MHDI 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These
Slide 42: Magma HDI General Insurance
Magma HDI General Insurance Gross Written Premium 54.7% growth in GDPI for Q1FY20 vs industry growth 1,026 of 10% 83% Ramp up in the OEM 560 32% business with current 423 partners. Continue to pitch 290 50% to other OEMs 193 Entered into new FY17 FY18 FY19 Q1 FY19 Q1 FY20 relationships with medium s
Slide 43: Magma HDI General Insurance: Portfolio
Magma HDI General Insurance: Portfolio Portfolio Construct Retail Run Rate Q1 FY19 Q1 FY20 Motor OD 241 235 5% 4%5% 218 7% 21% 23% 181 Motor TP 16% 143 147 16% Fire 80 73 78 48 49 60 Marine & Other 51% Health & 53% Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Accident Rs. 192 crs Rs. 289 crs Qtrl
Slide 44: Magma HDI General Insurance: Robust growth
Magma HDI General Insurance: Robust growth Combined Ratio Movement Investment Book & Float ratio Y-O-Y Q-O-Q 4.7 4.4 4.2 4.4 123.8% 124.20% 3.5 120.7% 117.7% 112.1% 1,471 1,662 1,137 1,078 900 FY17 FY18 FY19 Q1 FY19 Q1 FY20 FY17 FY18 FY19 Q1FY19 Q1FY20 Investment Corpus Float Ratio# • Increase in co
Slide 45: MHDI Profit & Loss Statement
Magma HDI General Insurance Company (MHDI) Profit & Loss Statement Particulars Q1 FY20 Q4 FY19 Q1 FY19 FY19 Gross Written Premium 290 359 193 1,026 Net Written Premium 167 224 -18 517 Net Earned Premium 164 188 -52 385 Net Claims Incurred 135 166 -95 271 Net Commission -11 -15 2 -29 Management Expen
Slide 46: Agenda: Business enablers to drive sustainable growth
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 47: Enterprise wide, independent risk management framework
Enterprise wide, independent risk management framework An integrated approach covering entity wide risks Board of Directors Risk Management ALCO Audit Committee ITSC Committee Independent Risk Management Unit 1st line of defense 2nd line of defense 3rd line of defense Operational and Business Credit
Slide 48: Business enablers – Technology
Business enablers to drive sustainable growth – Technology • Enterprise Transformation ‘Project Navoday’ launched in order to modernize entire Technology stack: Loan Origination System, Loan Management System, Data Warehouse, ERP, Mobility solutions etc. • Proposed features will be Automation of Wor
Slide 49: Business enablers – People
Business enablers to drive sustainable growth – People • Fully functional role based and state of the art learning tools aimed at enhancing productivity and behavior • Structured Onboarding Program across levels for smooth onboarding and integration. • Development interventions through International
Slide 50: Business enablers - Customer Service
Business enablers to drive sustainable growth - Customer Service • 360∘ customer view across Lines of Business (LoB). CRM search basis several ID’s including customer phone number • Unique Customer ID across finance business • Moving from paper to digital communication via both email and SMS • Commu
Slide 51: Agenda: Leadership Team & Shareholding Structure
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 52: Board of Directors
Board of Directors Promoter Directors Non Promoter Directors Mayank • Supports policy He is on the Board of Serves on the Boards of Narayan K Poddar formulation and guidance companies including Satya Brata various reputed Indian Seshadri Chairman to the Management/Board Clearing Corporation of Gangu
Slide 53: Management Team
Management Team Business CEO / Functions Sanjay Chamria Support Functions VC and MD Rajive Kumaraswami Harshvardhan Chamria Rajneesh Mishra Deepak Patkar Kailash Baheti Manish Jaiswal Mahender Bagrodia MD & CEO - HFC, MD & CEO -MHDI CCO - ABF Chief Digital Officer Chief People Officer Chief Risk Off
Slide 54: Holding Structure & Shareholding Pattern
Holding Structure & Shareholding Pattern Magma Fincorp Limited 100% 35% Magma Housing Finance Magma HDI General Limited Insurance Company Limited Share Price Performance Shareholding (30-June-2019) 200 Public, Promoters, 32.36% 24.41% 150 100 50 Overseas Bodies, 0 Domestic 9.97% Investors, Average s
Slide 55: Thank You
THANK YOU Investing in the smallest dream
Slide 56: Glossary
Glossary AUM Assets Under Management: On-Book & Off-Book Loan Assets Average AUM (AAUM) Average of opening and closing AUM FOS / Field Officer Feet on Street ABF Asset Backed Finance AHF Affordable Housing Finance HL Home Loan LAP Loan against property SME Small & Medium Enterprises NDSA Non-dealer
Slide 57: Agenda: Annexures
1 Company Overview 2 Financial Performance – Q1 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 58: Magma Fincorp Ltd. Standalone Profit & Loss Statement
Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement Particulars Q1 FY20 Q4 FY19 Q1 FY19 FY19 Net Revenue 285 313 312 1,267 Expenses 150 145 150 602 Operating Profit 135 168 162 665 Net Credit Loss 124 42 84 262 Profit Before Tax 11 125 78 403 Tax 3 39 26 128 Profit After Tax 8 87 51 275 Valu
Slide 59: Magma Fincorp Ltd. Standalone Balance Sheet
Magma Fincorp Ltd. (MFL) Standalone Balance Sheet Particulars 30-Jun-19 30-Jun-18 31-Mar-19 Cash and Cash Equivalents 519 454 933 Loans and Advances 13,534 12,321 13,138 Other Assets 766 763 733 Fixed Assets 189 188 187 Total Assets 15,008 13,726 14,991 Borrowings 11,912 10,675 11,828 Other Liabilit
Slide 60: Magma Housing Finance Ltd. Standalone Profit & Loss Statement
Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement Particulars Q1 FY20 Q4 FY19 Q1 FY19 FY19 Net Revenue 45 35 29 133 Expenses 27 27 17 83 Operating Profit 18 8 12 50 Net Credit Loss 5 -1 1 3 Profit Before Tax 14 9 11 47 Tax 4 3 2 13 Profit After Tax 10 6 9 34 Values in Rs crore 59
Slide 61: Rewards & Recognition
Rewards & Recognition Corporate Social Responsibility Magma has received nearly a dozen awards in the last few years for its CSR activities including the following awards received in FY19: • Asian Customer Engagement Forum & Awards - Best CSR Event, 2018 (M Care) • Indian Chamber SOCIAL IMPACT AWARD
Slide 62: Community Commitment: Corporate Social Responsibility
Community Commitment: Corporate Social Responsibility Magma Highway Heroes Magma M Scholar • Magma M Scholar offers Scholarship to meritorious students from poor • A programme for Truck Drivers to train them on Road Safety and vehicle families maintenance. The lone formal Training camp run by PCRA,
Slide 63: Disclaimer
Disclaimer This presentation has been prepared by Magma Fincorp Limited (the “Company”), for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of a
Slide 64: Disclaimer (Contd.)
Disclaimer (Contd.) The information contained in these materials has not been independently verified. None of the Company, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability what