🔓 Unlock the full profile of Sanjay Chamria (Magma General Insurance Limited), including verified contact details, financial insights, and professional associations.
See Sanjay Chamria Full ProfileBelow are the ✅ Verified Contact Details to help you connect directly:
Email: san*****@mag******.com
Mobile: 90706*****
Estimated Net Worth 💰 : ₹0 – ₹500+ Cr (approx. $0 – $60M)
Key Insights You Should Know About This Individual
- Sanjay Chamria serves as the Non-Executive Chairman of Magma Insurance and has played a significant role in its establishment and growth within the general insurance sector in India.
- As of June 2021, Chamria took on the role of Chairman at Magma Ventures, overseeing the company's strategic direction in the retail financial services industry.
- Under Chamria’s leadership, Magma has evolved from a vision established in 1988 to empower small entrepreneurs in rural and semi-urban India, into a major player in providing various financial services nationwide.
- Magma has built a robust presence with over 300 branches across 21 states in India, achieving total assets under management exceeding Rs 16,000 crores.
- The company has focused on the underbanked sector, catering to more than 4 million customers with products such as vehicle financing and affordable housing finance.
- Chamria has been instrumental in the growth of Magma HDI General Insurance, a joint venture with HDI Gerling, which specializes in motor, commercial, and health insurance.
- Magma HDI General Insurance has reported a Gross Written Premium close to Rs 1300 crores, demonstrating growth rates that surpass the industry average over the last three years.
- In May 2023, Chamria's acquisition of certain equity shares in Jaguar and Magma HDI was approved by the Competition Commission of India, indicating ongoing strategic developments within the insurance sector.
| CIN/LLP | Company Name | Designation | Appointment Date |
|---|---|---|---|
| U51101WB1985PTC039107 | Pragati Sales Pvt Ltd | Director | 16 Jul 2010 |
| U65900WB2007PTC120480 | Magma Ventures Private Limited | Director | 21 Nov 2007 |
| U65910WB2007PLC120137 | Magma Itl Finance Limited | Director | 01 Nov 2007 |
| U65999WB1995PTC072612 | Microfirm Capital Private Limited | Director | 17 Oct 2001 |
| U66000WB2009PLC136327 | Magma General Insurance Limited | Director | 26 Jun 2009 |
| U67120WB1992PTC057215 | Viper Estates And Investments Private Limited | Director | 28 Jan 2003 |
| U74140WB2009PTC136492 | Jaguar Advisory Services Private Limited | Director | 03 Jul 2009 |
| U74900WB2012PLC186393 | Fluence Advisory Services Limited | Director | 25 Sep 2012 |
| CIN/LLP | Company Name | Designation | Appointment Date | End Date |
|---|---|---|---|
| AAF-3472 | Pragati Sales Llp | Director | 30 Sep 2010| 22 October 2016 |