Magma General Insurance Limited Email Format
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.