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 2023
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 Model
A well-defined process is followed by the MFI for area selection, group formation, loan appraisal, disbursement, and collection.
Clients
0Branches
0Districts
0Portfolio
0Directors .
MAGENTA Board has four Directors out of which three are Indian national and fourth individual is Danish citizen. All the four individuals have been passionately involved in the banking sector, development sector, working in the domain of livelihood, education and microfinance.
Raj Kumar Singh
Director
Kim Peter Hansen
Director
Asok kumar Rathnam
Independent Director
Tribikram Nayak
Director
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 Funders .
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.
Hitashi Sayal
Company Secratery
I am Hitashi Syal, a dedicated Company Secretary with a wealth of experience in the intricacies of debt listing and listing companies. I possess an extensive and nuanced understanding of corporate laws, acquired through dedicated professional experience. My proficiency extends to navigating the complexities of legal frameworks and ensuring meticulous adherence to regulatory requirements. This depth of knowledge enables me to provide strategic insights and solutions formally and proficiently. Committed to upholding the highest legal compliance standards, I leverage my expertise to contribute effectively to a professional environment. Joining this organization, known for its excellence in fostering learning and professional development, I am committed to contributing my expertise to enhance its already notable standing. With a proactive approach, I am determined to put forth unwavering efforts and hard work to contribute to the organization's continuous improvement. The exceptional quality of the staff complements the conducive learning environment, further motivating me to collaborate and elevate the collective success of the team. I am enthusiastic about leveraging my skills to fortify the organization's position as a leader in the industry, and I am confident that my dedication will play a pivotal role in achieving this goal.
Manoj Kumar Sharma
Operation Head
Mr. Manoj Kumar Sharma a native of ALWAR (Raj), holds a Post degree in Management from JNU, Jaipur University. He is 35 years old. He can speak and write Hindi, and English language. Mr. Manoj Kumar started his working career in 2008 with Humana People to People India as a Development instructor and he holds 14 years of experience in Microfinance. He also has expertise in Risk management, Cost Control, Agile development, Preparation of budgets, Planning Marketing, and Negotiating contracts. He joined Magenta Finance in the year 2018 as the Operations Head, he is responsible for taking all types of decisions for the Business Operations of the Company.
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.