ITV

Tag: Magma Fincorp

  • Deepak Patkar joins Fullerton India as chief risk officer

    New Delhi: Fullerton India Credit Company Limited (Fullerton India) on Monday announced the appointment of Deepak Patkar as its chief risk officer. Patkar will now head the risk, collections, information security, legal, and analytics function of the company.

    He rejoins the Fullerton India family after a span of three years. Prior to this, Patkar worked at Magma Fincorp Limited as EVP and chief risk officer and went on to lead their asset financing business as chief executive officer.

    He has over 25 years of experience across various disciplines such as business and risk management, audit, sales, and quality assurance across multiple industries. He has worked with leading companies such as Citibank, HCL Infosystems, and Cable Corporation of India, said the company.

    Fullerton India, CEO and MD, Shantanu Mitra, said, “Having worked with him in the past, we are confident that he will help us manage our risk functions and the other critical departments efficiently. During his previous stint at Fullerton India, Deepak was responsible for driving a strong culture of business enablement with risk measures backed by analytics, which had a profound and positive effect on the company.”

    Patkar said he is excited to be back at Fullerton, India. “I have always had a strong bond and fond memories with the Fullerton India team. I am honored to lead the responsibilities I have been entrusted with and will help this company grow from strength to strength during the current scenario,” he said.

  • Magma offers scholarships to 100 under-grads

    MUMBAI: Magma Fincorp, a BFSI entity, in an effort to reach out to more meritorious students from the lower income families, has decided to to offer 100 scholarships across the country in FY18.

    Every year many meritorious students hailing from poor families are forced to discontinue their higher education due to lack of funds. Keeping alive their motto of ‘investing in the smallest dreams’, Magma offers financial assistance in the form of scholarships to such students every year under their scheme “M-Scholar”. Students will be selected on the basis of their academic performance and socio-economic background of their families who are unable to support their children to continue studies.

    Magma VP – CSR, corporate communications and admin Kaushik Sinha said, “The three year scholarship will be renewable every year on confirmation of grades in annual exams.”

    Magma believes that the scholarship will meet a part of the student’s education and related expenses while pursuing higher studies.