Magenta Finance Services Private Limited .

We do Microfinance

we believe Small Opportunities are often Beginning of Great .

Your work our support

You get empowered when you are earn Money .

We help you in earning that

We're small but impressive .

You just need to choose your style

We work with women from rural and semi-urban areas. We focus on providing financial support to those poor women who are not able to take benefits of the Banking system .

01.

Vision.

To strive for a life of dignity for The Poor, especially women and under privileged people of the society by working in solidarity with the Poor through providing financial services in the most efficient manner, which help in promoting livelihood opportunity and economic development

02.

Mission.

To provide innovative and sustainable financial accessibility to the rural, semi-urban and urban poor people, especially women by working shoulder to shoulder with them for women empowerment, so that they can achieve their ambitions and live financially stable better life

03.

Objective.

To Make Half A Million Poor Families, Who Are Out Of The Normal Banking System In Rural, Urban And Semi-Urban Areas In India Financially Independent By 2025

PRODUCT-Income Generation Loan (Abhimanini)

Abhimanini stands for “Proud of Herself ”. This loan is designed especially for low-income households who aspire to become financially independent, build self-respect in themselves, can turn their dreams into reality and lead a happy and colourful life.

Business Model

We work with women from rural and semi-urban areas

Group Formation and KYC Onboarding
Financial Literacy and training
Loan Sanction and Disbursement
Periodic Collection Online and Offline

Operational Modele

A well-defined process is followed by the MFI for area selection, group formation, loan appraisal, disbursement, and collection.

Clients

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Branches

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Districts

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Portfolio

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Directors .

MAGENTA Board has five Directors out of which four are Indian national and fifth individual is Danish citizen. All the five individuals have been passionately involved in the banking sector, development sector, working in the domain of livelihood, education and microfinance.

Raj Kumar Singh

Non-Executive Director

Kim Peter Hansen

Director

Biswa Bandhu Mohanty

Independent Director

Asok kumar Rathnam

Independent Director

Tribikram Nayak

Independent Director

Legal Status-MAGENTA

Private Limited Company registered with RBI as Non-Banking Finance Company NBFC-MFI status. (November: 2017) It is a member of Microfinance Institutions Network (MFIN) since Dec.2020

Our Presence- 8 Branches

  • Kaithal, Karnal, Yamuna Nagar (Haryana)
  • Sangrur, Laherdaga (Punjab)
  • Saharanpur, Chutmulpur, Bijnor (Uttar Pradesh)
  • Our Partners and Networks .

    Credit Bureau Services Shareholders Auditor/ Associations Insurance
    CRIF-Highmark NELLCOME LIMITED V. Nagarajan & Co. LIC
    EQUIFAX GULAB UNITY TRUST MFIN PREMERICA
    TRANSUNION-CIBIL SADHAN
    EXPERIAN

    Process Flow .

    Microfinance Activity and Technology

    IT intervention into Microfinance Industry enhances the overall efficiency of the sector. Microfinance Institutions are investing heavily to bring advancements in usage of IT in the process of lending which makes the task simpler and thus help the institutions to increase reachability of the services, Indian population especially in the rural areas are resistant to technological changes that is acting as a major barrier in the effective utilization of the services.

    Head Office In Vasant Kunj New Delhi-110070
    Branches In 3 States Punjab, Haryana, Uttar Pradesh
    Support to Operational area via exquisite Technology system

    Our Leaders .

    Samrat Roy

    Chief Executive Officer

    He is associate with Magenta Finance Services Pvt Ltd (the Company) since inception and he is designated as the Chief Executive Officer (CEO) of the Company and under his leadership, the Company had started its Microfinance business and the business of the Company has grown significantly. He managed business operations of the Company. His expertise lies in the field of Financial Management, Business Strategy and Planning, Business Analysis and Development, Project implementation, Fundraising, Capacity building of the Employees, key relationship management and handling all dimensions of the Company. He had also played a role of advisor to the Directors and Investors of the Company.

    Shaba Khan

    HR Head

    Ms. Shaba Khan, an experienced HR leader, is currently the HR Head at Magenta Finance Services Private Limited. Working in the HR domain since 2016, she has over 8 years of expertise in talent acquisition, employee engagement, compliance, training, and organizational growth. Holding an MBA in HR Management from IGNOU, Shaba excels in implementing HR strategies, streamlining processes, and fostering a positive work environment. Her strong leadership and strategic planning skills have contributed to enhancing organizational efficiency and driving workforce success.

    Manoj Kumar Sharma

    Operation Head

    Mr. Manoj Kumar Sharma, a native of Alwar (Rajasthan), holds a postgraduate degree in Management from JNU, Jaipur University. He is proficient in Hindi and English. Mr. Sharma began his career in 2008 with Humana People to People India as a Development Instructor and has 14 years of experience in Microfinance. With expertise in risk management, cost control, budgeting, and marketing, he joined Magenta Finance in 2018 as Operations Head, overseeing all business operations and decision-making.

    Parmod Yadav

    Audit And Risk Head

    Mr. Parmod, an MBA graduate from the Rajiv Gandhi Institute of Management & Technology, has over 7 years of expertise in Internal Audit and Risk Management and 3 years in NGO work. Starting as Field Staff with J-PAL South Asia and Humana People to People India in 2014, he joined Humana Financial Services Pvt. Ltd. in 2016 as an Internal Auditor. Rising through roles at Magenta Finance Services Pvt. Ltd., he became Audit Head in 2020 and Head of Risk Management in 2023.

    Sabari Dasan

    IT Manager

    Mr. Sabari Dasan is an accomplished professional with over 9 years of expertise in IT management, data analysis, and partnerships. Starting in 2016 as a Data Entry Officer at Humana Financial Services Private Limited, he honed his skills in data management. In 2018, he joined Magenta Finance Services Private Limited progressing from MIS Officer to IT Manager and later serving as a Partnership Officer. He excels in systems management, compliance, and analytics, driving operational efficiency and technological innovation.

    Manish Mandal

    Accounts

    Mr. Manish Mandal is a graduate of IGNOU University in Commerce stream. He has been associated with Magenta Finance Services Pvt. Ltd. (the Company) from last Six Month as an Accounts Head. I have around 5 years’ experience in accounts and finance field. I leading the accounts and finance department in the company along with compliance related to Income Tax, Goods & Services Tax, Accounting policies.