Magma Housing Finance eyes 20-25% growth in FY22
February 18, 2021
Manish Jaiswal, Managing Director and CEO, Magma Housing Finance. (file photo)×
Magma Housing Finance, which has been growing at nearly 17-18 per cent during the pandemic, is looking to grow by nearly 20-25 per cent in 2021-22, backed by a steady rise in demand.
The company, which is a wholly-owned subsidiary of Magma Fincorp Ltd, is looking to ramp up distribution and introduce a slew of digital initiatives, including artificial intelligence and machine learning, to improve efficiency in terms of customer acquisition and enhance productivity while bringing down costs.
According to Manish Jaiswal, MD and CEO, Magma Housing Finance, the company has reached the pre-pandemic levels of normalcy, both in terms of disbursals and collections. It expects its growth rate to be accelerated moving forward.
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