About Magma HDI General Insurance
Magma HDI General Insurance is a company based in Mumbai (India) founded in 2012 by Mayank Poddar. It operates as a B2C. The company has 2,005 employees as of March 31, 2024. Magma HDI General Insurance operates in a competitive market with competitors including ICICI Lombard, Bajaj Finserv, SarvaGram, Bajaj Allianz General Insurance and Reliance General, among others.
- Headquarter Mumbai, India
- Employees 2005 as on 31 Mar, 2024
- Founders Mayank Poddar
- Stage Public
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Magma General Insurance Limited
- Date of Incorporation 26 Jun, 2009
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
$58.03 M (USD), Post-IPO
May 31, 2022
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Investors
Morgan Stanley
& 18 more
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Employee Count
2005
as on Mar 31, 2024
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People of Magma HDI General Insurance
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Funding Insights of Magma HDI General Insurance
Investors in Magma HDI General Insurance
Magma HDI General Insurance has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Morgan Stanley, Serum Institute of India and Poonawalla Fincorp.
| Investor | Description | Founded Year | Domain | Location |
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Alternative asset management and investment services in India.
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Wealth management, investment advisory, and financial services are provided.
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Financial service company offering diversified loans for consumers
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Investor details for Magma HDI General Insurance
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Investments & Acquisitions by Magma HDI General Insurance
Investment portfolio details for Magma HDI General Insurance
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Financial Statements - Magma HDI General Insurance
Detailed financials for Magma HDI General Insurance
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Magma Hdi General Insurance Comparisons
Peer comparison for Magma HDI General Insurance
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Competitors of Magma HDI General Insurance
Magma HDI General Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ICICI Lombard, Bajaj Finserv, SarvaGram, Bajaj Allianz General Insurance and Reliance General, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Life, health, and general insurance services are provided across India.
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Financial solutions including loans and insurance are offered.
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Provider of home, personal, farm and business loans
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Offers insurance for health, vehicles, travel, life, and commercial needs.
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General insurance services are provided across India by Reliance General.
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General Insurance
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Detailed competitors of Magma HDI General Insurance
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Latest news on Magma Hdi General Insurance
Complete news archive for Magma HDI General Insurance
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Frequently Asked Questions about Magma HDI General Insurance
Magma HDI General Insurance was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Magma HDI General Insurance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
As of Mar 31, 2024, the latest employee count at Magma HDI General Insurance is 2,005.
Magma HDI General Insurance, led by Mayank Poddar as Co-Founder, Sanjay Chamria as Managing Director, specializes in offering financial products and advice, offering insurance products, health insurance, and general insurance. Operates as a health and general insurance provider. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Magma HDI General Insurance's top competitors include ICICI Lombard, Bajaj Finserv and SarvaGram.
Magma HDI General Insurance has 19 investors. Key investors include Morgan Stanley, Serum Institute of India, Poonawalla Fincorp, ICICI Venture, and Sanoti Properties.
The valuation of Magma HDI General Insurance is $261.12M as of May 2022.