Sanjay Chamria – Chairman - Magma Ventures of Magma General Insurance Limited
View Detailed Executive Profile →Professional Overview
- 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.
Professional Experience
| Company | Designation | Period |
|---|---|---|
| Poonawalla Fincorp Ltd. | Executive Vice Chairman | Jun 2021 – Nov 2021 |
| Poonawalla Fincorp | Executive Vice Chairman | Jun 2021 – Nov 2021 |
| Magma Fincorp Ltd. | Vice Chairman & Managing Director | Aug 1988 – Aug 2021 |
| Pragati Sales Llp | Director | 30 Sep 2010 – 22 October 2016 |
| Magma Ventures | Chairman | Jun 2021 – Present |
| Viper Estates And Investments Private Limited | Director | 28 Jan 2003 – Present |
| Magma General Insurance Limited | Director | 26 Jun 2009 – Present |
| Fluence Advisory Services Limited | Director | 25 Sep 2012 – Present |
| Magma Ventures Private Limited | Director | 21 Nov 2007 – Present |
| Microfirm Capital Private Limited | Director | 17 Oct 2001 – Present |
| Pragati Sales Pvt Ltd | Director | 16 Jul 2010 – Present |
| Jaguar Advisory Services Private Limited | Director | 03 Jul 2009 – Present |
| Magma Itl Finance Limited | Director | 01 Nov 2007 – Present |
Current Appointments
| CIN/LLP | Company | Designation | 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 |
Previous Appointments
| CIN/LLP | Company | Designation | Period |
|---|---|---|---|
| AAF-3472 | Pragati Sales Llp | Director | 30 Sep 2010 – 22 October 2016 |
Estimated Net Worth
Estimated Range: ₹0 – ₹1000+ Cr (approx. $0 – $120M+)
Based on publicly accessible filings, industry benchmarks, and leadership compensation patterns.
Executive Contact
Official Email: Via Magma General Insurance Limited corporate communication desk.
Personal Contact: Not publicly disclosed.
Frequently Asked Questions
What is Sanjay Chamria's net worth?
Estimated ₹0 – ₹1000+ Cr (approx. $0 – $120M+).
How can I contact them?
Through Magma General Insurance Limited's official communication channels.
Is this an official profile?
No — independently created using public data.
Disclaimer
This profile is created for general informational purposes. All details are based on publicly accessible information and independent research. While accuracy is prioritized, content may not always reflect the latest updates.
Nothing here should be interpreted as investment, financial, or legal advice. The individual featured has not authored or endorsed this profile.
Personal information is intentionally withheld. For official matters, please use formal communication channels associated with the respective organization.
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Last Updated: December 2025 · Published by Affluense AI (affluense.ai)