Insights

Strategic Partnerships Leverage Magma HDI's recent partnerships with IndoStar Capital Finance Limited and Mahindra Finance USA LLC to cross-sell insurance products to their lender and NBFC client bases, focusing on credit-related coverage such as motor, personal accident, and loan protector plans.

Grow Motor Portfolio With a broad motor offering (Car, Two-wheeler, Commercial Vehicles, Tractors) and recent add-on launches, target fleet operators, ride-hailing partners, and automotive dealers for value-added motor policies and accident/zero-excess add-ons.

Digital Engagement Utilize Magma’s tech stack and WhatsApp Business presence to create high-touch, digital distribution and after-sales experiences for SMEs and retail customers, enabling quick policy quotes, endorsements, and claim status updates.

Policy Expansion Market the newly launched products and add-ons (Double Suraksha, OneProtect, Zero Excess Add-On, Car Spa Add-On) to existing private car customers, emphasizing enhanced coverage, convenience, and value to boost cross-sell and up-sell opportunities.

Awareness & Education Capitalize on past insurance awareness campaigns by offering partner-led education programs to SME clients and consumer segments, positioning Magma HDI as a trusted general insurer with a focus on risk mitigation and comprehensive coverage.

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Magma General Insurance Limited Tech Stack

Magma General Insurance Limited uses 8 technology products and services including Power BI, QlikView, SAS, and more. Explore Magma General Insurance Limited's tech stack below.

Media & News

Magma General Insurance Limited's Email Address Formats

Magma General Insurance Limited uses at least 3 email formats:
Magma General Insurance Limited Email FormatsExamplePercentage
First.Last@magma-hdi.co.inJohn.Doe@magma-hdi.co.in
98%
First@magma-hdi.co.inJohn@magma-hdi.co.in
1%
FLast@magma-hdi.co.inJDoe@magma-hdi.co.in
1%

Frequently Asked Questions

What is Magma General Insurance Limited's official website and social media links?

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Magma General Insurance Limited's official website is magmainsurance.com and has social profiles on LinkedIn.

How much revenue does Magma General Insurance Limited generate?

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As of August 2026, Magma General Insurance Limited's annual revenue is estimated to be $500M - $1B.

What is Magma General Insurance Limited's NAICS code?

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Magma General Insurance Limited's NAICS code is 524 - Insurance Carriers and Related Activities.

How many employees does Magma General Insurance Limited have currently?

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As of August 2026, Magma General Insurance Limited has approximately 2K employees across 4 continents, including Asia, North America and Europe. Key team members include Chief Technology Officer: A. T., Chief Digital Officer: V. P. A. B. T. and Chief Investment Officer: J. S. Explore Magma General Insurance Limited's employee directory with LeadIQ.

What industry does Magma General Insurance Limited belong to?

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Magma General Insurance Limited operates in the Insurance industry.

What technology does Magma General Insurance Limited use?

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Magma General Insurance Limited's tech stack includes Power BI, QlikView, SAS, Tableau, Salesforce, Microsoft Dynamics, WhatsApp Business and Office 365.

What is Magma General Insurance Limited's email format?

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Magma General Insurance Limited's email format typically follows the pattern of First.Last@magma-hdi.co.in. Find more Magma General Insurance Limited email formats with LeadIQ.

When was Magma General Insurance Limited founded?

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Magma General Insurance Limited was founded in 2012.
Magma General Insurance Limited logo

Magma General Insurance Limited

InsuranceMaharashtra, India1001-5000 Employees

Magma General Insurance Limited is an Indian general insurer offering a broad range of non-life coverage. Its retail lines include motor (cars, two-wheelers, commercial vehicles, and tractors), health, personal accident, and home, while its commercial offerings cover fire, engineering, liability, and marine risks—together more than 70 products. The company is based in Kurla, Maharashtra, and is regulated by IRDAI (Registration No. 149); its registered office is in Kurla West, Mumbai.

Ownership is concentrated in Sanoti Properties LLP, which holds 72.449% of the company, with Adar Poonawalla and Rising Sun Holdings Pvt. Ltd. as the primary investors. The business serves both individual customers and corporate clients, addressing a wide spectrum of general insurance needs. In December 2024, Magma General Insurance announced a strategic partnership with IndoStar Capital Finance Limited.

Section iconCompany Overview

NAICS Code
524 - Insurance Carriers and Related Activities
Founded
2012
Employees
1001-5000

Section iconFunding & Financials

  • $500M - $1B

    Magma General Insurance Limited's revenue is estimated to be in the range of $500M - $1B

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