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Who is the CEO of Magma?

Published in Corporate Leadership 2 mins read

Vijay Deshwal is the Group Chief Executive Officer (CEO) of Magma Fincorp Ltd, the financial services arm of the Poonawalla Group.

Leadership at Magma Fincorp

Vijay Deshwal officially assumed the role of Group CEO at Magma Fincorp Ltd. His appointment was made earlier in the month, and he commenced his responsibilities on a Monday, taking charge of crucial aspects of the company's operations.

Key Responsibilities of the Group CEO

As the Group CEO, Vijay Deshwal's mandate covers a broad spectrum of Magma Fincorp's business segments. His key responsibilities include overseeing:

  • Lending Business: Driving the growth and strategic direction of the company's core lending operations.
  • Housing Finance Business: Leading the housing finance division, an integral part of Magma's diverse financial offerings.
  • Insurance Business: Managing and developing the insurance arm, ensuring its efficiency and expansion within the market.

This comprehensive role ensures that Deshwal guides the company's strategic vision and operational excellence across its various financial services.

For further details on his appointment, you can refer to the report by Hindustan Times.

Summary of Vijay Deshwal's Role

Attribute Detail
Name Vijay Deshwal
Title Group Chief Executive Officer (CEO)
Company Magma Fincorp Ltd
Group Affiliation Financial services arm of the Poonawalla Group
Key Oversight Lending, Housing Finance, Insurance businesses