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No beating about the bush.
Krishnan will look after the expansion of Magma HDI across India and will be responsible for overseeing all business operations
Magma Fincorp Ltd, a retail finance company, has appointed Swaraj Krishnan as chief executive officer (CEO) of its insurance joint venture Magma HDI General Insurance Co Ltd (MHGIC).
MHGIC is a joint venture between Magma and Germany’s third-largest insurer Talanx group’s unit HDI Gerling.
Earlier, Mr Krishnan was CEO of Bajaj Allianz General Insurance Company. Mr Swaraj joined New India Assurance in 1981, and was with the company for two decades. He has 29 years of experience in insurance.
Magma, a non-banking finance company (NBFC) with Rs9,390 crore assets under management (AUM), provides financing of utility vehicles and cars, commercial vehicles, construction equipment, tractors and loans for small & medium enterprises.