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Magma has around 300 branches with 9500 staff across the country. To give CSR a holistic approach we have decided to take at-least one project in a cluster, which is mostly volunteered by Magmaites. Magma has also provided emergency services to the needy families during COVID pandemic. Below are few of the projects taken by the company towards the betterment of society:
Ø Contributed INR 5Cr to PM CARES Fund during COVID-19
Ø Distributed 2000 PPE kit and installed 11 UV based disinfection tunnel at different police station located in Kolkata
Ø Distributed mask and sanitizer to marginalized people at several location across the country
Ø Provided dry ration/cooked meals to over 28000 individuals during COVID pandemic
Ø Infrastructure support to an NGO in kolkata providing shelter homes to orphanage and marginalized kids
Ø Installation of water filter machine at a charitable hospital, Odisha
Ø Dialysis Machine at Dr. LM Singhvi Manav Seva Kendra, Jodhpur in Rajasthan
Ø Water filter machine at Harapriya Charitable Hospital, Balesore in Odisha
Ø Construction of Home Science Lab at a Govt. School, Chappar in Rajasthan
Ø Library books and furniture to a Zilla Parishad School located in Atmakur, Telangana
Ø Sponsored 35 nos of single teacher school in Chennai, Tamil Nadu
Ø Construction of 5 toilets at Govt. school in Rajasthan and Andhra Pradesh
Ø Pre School facility for kids, Alwar, Rajasthan
Ø Cataract surgery + Spectacles for underprivileged people staying in West Bengal, In FY20 we have decided to support 500 such surgeries
Awards & Recognition (14 Awards)
Magma Fincorp Ltd. along with its group companies Magma ITL Finance Ltd. and Magma Housing Finance Ltd. has formed a trust, Magma Foundation. The said foundation is already registered and has received all the statutory approval from the regulator. Hence forth most of the CSR activity at the group level will be taken care by Magma Foundation.