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Magma Fincorp
Poonawalla Fincorp Limited, (formerly known as Magma Fincorp) is a Cyrus S. Poonawalla group Non-Banking Finance Company (NBFC) that focuses on consumer and MSME financing. The company operates more than 279 branches in 21 states, as of 2022. History 1988–2020: As Magma Fincorp The company was incorporated in 1988 by Mayank Poddar and Sanjay Chamria as Magma Leasing Limited. The company commenced operation in 1989. In 1996, the company entered retail financing business for vehicles and construction equipment. In 2000, with the acquisition of Consortium Finance Ltd, the company expanded its network across Northern India. In 2007, Shrachi Infrastructure Finance merged with the company increasing the company's footprint in southern and western India. In the same year, the company formed a joint venture with International Tractors Limited (ITL) to enter tractor financing business. In 2008, the company re-branded and renamed itself as Magma Fincorp Limited. In 2009, the comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1988 Establishments In West Bengal
File:1988 Events Collage.png, From left, clockwise: The oil platform Piper Alpha explodes and collapses in the North Sea, killing 165 workers; The USS Vincennes (CG-49) mistakenly shoots down Iran Air Flight 655; Australia celebrates its Bicentennial on January 26; The 1988 Summer Olympics are held in Seoul, South Korea; Soviet troops begin their withdrawal from Afghanistan, which is completed the next year; The 1988 Armenian earthquake kills between 25,000-50,000 people; The 8888 Uprising in Myanmar, led by students, protests the Burma Socialist Programme Party; A bomb explodes on Pan Am Flight 103, causing the plane to crash down on the town of Lockerbie, Scotland- the event kills 270 people., 300x300px, thumb rect 0 0 200 200 Piper Alpha rect 200 0 400 200 Iran Air Flight 655 rect 400 0 600 200 Australian Bicentenary rect 0 200 300 400 Pan Am Flight 103 rect 300 200 600 400 1988 Summer Olympics rect 0 400 200 600 8888 Uprising rect 200 400 400 600 1988 Armenian earthquake r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Pune
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TPG Inc
TPG may refer to: Companies * Geneva Public Transport (french: transports publics genevois), public transportation system operator in canton of Geneva, Switzerland * TNT Post Group (TPG), a former Dutch transportation company, renamed TNT N.V. in 2005 and PostNL in 2011 * Royal TPG Post, formerly of Royal TNT Post and later Koninklijke TNT Post, a subsidiary of TNT Post Group * The Points Guy, a travel and loyalty programs website and blog *TPG Capital, a major American private equity firm * TPG Telecom, an Australian telecommunications and IT company * TPG (ISP), an Australian internet and virtual mobile telephone services provider Other uses * Taiwan Provincial Government, the provincial government that governs Taiwan Province of the Republic of China (ROC) * The Piano Guys, an American musical group *Third Party Grading Third Party Grading (TPG) refers to coin grading & banknote grading, grading of stamps, cards, comic books, etc., authentication, attribution, and en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qualified Institutional Placement
Qualified institutional placement (QIP) is a capital-raising tool, primarily used in India and other parts of southern Asia, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants which are convertible to equity shares to a qualified institutional buyer (QIB). Apart from preferential allotment, this is the only other speedy method of private placement whereby a listed company can issue shares or convertible securities to a select group of persons. QIP scores over other methods because the issuing firm does not have to undergo elaborate procedural requirements to raise this capital. Why was it introduced? The Securities and Exchange Board of India (SEBI) introduced the QIP process through a circular issued on May 8, 2006, to prevent listed companies in India from developing an excessive dependence on foreign capital. Prior to the innovation of the qualified institutional placement, there was concern from I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LeapFrog Investments
LeapFrog Investments is a private investment firm that invests in high-growth financial services and healthcare companies in emerging markets. Since inception, LeapFrog has attracted over $2 billion USD from global investors. The firm's investments have an annual growth rate of more than 26% and its companies reach approximately 407 million consumers, primarily in Africa and Asia. Details LeapFrog was founded in January 2007 by Andrew Kuper and officially launched in 2008 by former US President Bill Clinton who endorsed the firm for opening new frontiers for alternative investments. According to ''The Economist'', LeapFrog is a well-established impact investing firm. LeapFrog has attracted over $2 billion USD from global investors, including Temasek, Prudential Financial, Swiss Re, JP Morgan, TIAA-CREF and eBay founder Pierre Omidyar's Omidyar Network. The firm has invested in companies such as BIMA, a financial technology business that provides services including mobile insura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a " systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. , the firm had completed more than 650 private equity investments in portfolio companies with approximately $675 billion of total enterprise value. , assets under management ("AUM") and fee paying assets under management ("FPAUM") were $471 billion and $357 billion, respectively. The firm was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pune
Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million As of 2021, Pune Metropolitan Region is the largest in Maharashtra by area, with a geographical area of 7,256 sq km. It has been ranked "the most liveable city in India" several times. Pune is also considered to be the cultural and educational capital of Maharashtra. Along with the municipal corporation area of Pimpri-Chinchwad Municipal Corporation, PCMC, Pune Municipal Corporation, PMC and the three Cantonment Board, cantonment towns of Pune Camp, Camp, Khadki, and Dehu Road, Pune forms the urban core of the eponymous Pune Metropolitan Region (PMR). Situated {{convert, 560, m, 0, abbr=off Height above sea level, above sea level on the Deccan Plateau, Deccan plateau, on the right bank of the Mutha River, Mutha river,{{cite web , last=Nala ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Talanx
Talanx is a German multinational financial services company headquartered in Hanover, Germany. Its core businesses are reinsurance, insurance and asset managemenTalanx is Germany's third-largest and one of the major European insurance Groups by premium incomThe Group is headquartered in Hannover, Germany and is active in more than 150 countries. The Talanx Group operates as a multi-brand provider with a focus on B2B insurance. As of 2016, it was a constituent of the MDAX trading index of German mid-cap companies. In September 2018 it was shifted from MDAX to SDAX. Operations Talanx is headed by Talanx AG, which assumes the functions of a management and financial holding company within the Group but is not itself active in insurance business. The largest majority shareholder of Talanx AG is HDI V.a.G., a mutual insurance company. The operational insurance business is conducted by the Group companies of the Talanx Group. The Group has tailored its structure to four operating cust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
