MAGMA Fincorp Reviews

Updated Jul 5, 2020

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3.6
74%
Recommend to a Friend
100%
Approve of CEO
MAGMA Fincorp Managing Director & CEO  Sachin Khandelwal
Sachin Khandelwal
27 Ratings
Pros
Cons
  • "Low salary, difficult to maintain balance in work and home(in 3 reviews)

  • "Work culture can sometimes be frustrating(in 3 reviews)

More Pros and Cons
  1. "Credit Analyst"

    4.0
    Former Employee - Anonymous Employee in Schaumburg, IL
    Recommends

    I worked at MAGMA Fincorp full-time for more than a year

    Pros

    opportunity for growth.Worked with best management.Friendly environment

    Cons

    hours of work gets stretched during month ends.

  2. "Asstistant Manager BHR"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend

    I worked at MAGMA Fincorp

    Pros

    If you like working in a challenging environment that encaptures experiential learning then Magma is a good place to work at. Good place to kickstart your career in HR.

    Cons

    systems and Processes need to be streamlined and more organized. Quality of individuals hired matters because they represent the company and organization culture.

  3. "Promising NBFC"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Zonal Manager in Calcutta
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at MAGMA Fincorp full-time

    Pros

    People are loyal and with company for long . Huge hunger for growth . Perks and Bonus were good .

    Cons

    Frequent changes of structure . Key decision are centered around single person , in case of Magma , it would be MD .

  4. "Manage portfolio by Contorl losses"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Portfolio Manager in Kanpur Nagar
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at MAGMA Fincorp full-time for more than a year

    Pros

    Good environment, helpful colleagues and seniors,

    Cons

    Salary increasement, promotion, working process

    Continue reading
  5. "operation team leader"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Manager in Surat
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at MAGMA Fincorp full-time for more than 8 years

    Pros

    leading team here in magma of 26 peoples total.

    Cons

    atmosphere, culture of magma is very good

  6. "Bad"

    1.0
    Former Employee - Anonymous Employee 

    I worked at MAGMA Fincorp full-time

    Pros

    Nothing I could think of working

    Cons

    Everything I could think of working

  7. "Good culture"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Risk Manager in Mumbai
    Recommends
    Neutral Outlook

    I have been working at MAGMA Fincorp full-time for more than 5 years

    Pros

    Good culture, flat hierarchy, and opportunities

    Cons

    Low company growth, no visible leadership

  8. "Magma"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Regional Credit Manager 
    Recommends

    I worked at MAGMA Fincorp full-time for more than a year

    Pros

    Good management and HR. Fair reviews

    Cons

    Startegy keeps changing and stability is an issue

  9. "Good to learn...work overloaded"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Manager- Strategy & Business Excellence in Mumbai
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at MAGMA Fincorp full-time for more than 3 years

    Pros

    Good for learning and close interaction with Management

    Cons

    Work is overloaded,all things and jobs have same timeline "Immediate"

    Continue reading
  10. "Working environment"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Calcutta
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at MAGMA Fincorp full-time for more than 10 years

    Pros

    Working environment, seniors are helpful. Friendly culture

    Cons

    Shifted to outside of kolkata

    Continue reading
Found 117 reviews