Ram Kalyan Medury has joined Magma Fincorp Ltd as the Chief Information Officer. Ram joins Magma with about 16 years of IT leadership experience in the BFSI and the IT industry. Prior to joining Magma, he was heading Information Technology at ICICI Lombard where he streamlined IT operations andenabled business transformation leveraging IT. He conceptualised and executed key programmes such as enterprise Enterprise Mobility, Enterprise Data Warehousing, e-CommercePortals for customers/partners and Core Business System consolidation.
Prior to that he spent 13 years with Infosys where he managed and grew large client relationships, set up large scale multi- location offshore delivery units and executed several green field IT implementations. During this stint he worked across multiple geographies including India, Asia-Pacific, Europe and United States.
An alumnus of IIM Bangalore and Osmania University where he studied Computer Science, Ram has received the CIO 100 award by the CIO Magazine consecutively in 2012 and 2013.
About Magma Fincorp Limited
Magma Fincorp Limited (“Magma”) is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The Company, having started operations over two decades back, is listed on the Bombay Stock Exchange Limited and the National Stock Exchange in India.
Magma provides a bouquet of financial products including financing of Utility Vehicles & Cars, Commercial Vehicles, Construction Equipment, Used Commercial Vehicles, Tractors and SME Loans. It has also entered Affordable Housing Finance, General Insurance and Gold Loans segments. Magma has a dedicated base of around 4.2 lac active customers. The company has 278 branches in 21 states / 1 UT and employs around 7800 people.
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