Magma Nominated For BEST WEBSITE in the 17th Annual Webby Awards

HYDERABAD, India - April 30, 2013 - PRLog -- Magma Fincorp Ltd, one of India’s leading retail asset finance companies has been nominated for Best website in the 17th Annual Webby Awards. Hailed as the "Internet's highest honor" by The New York Times, The Webby Awards, presented by the International Academy of Digital Arts and Sciences (IADAS), is the leading international award honoring excellence on the Internet. The IADAS, which nominates and selects The Webby Award Winners, is comprised of web industry experts, including media mogul Arianna Huffington, Skype CEO Tony Bates, Mozilla CEO and Chair Mitchell Baker, Instagram co-founder Kevin Systrom, mobile-phone inventor Martin Cooper, and Stumble Upon founder Garrett Camp.

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.

"Nominees like Magma are setting the standard for innovation and creativity on the Internet," said David-Michel Davies, Executive Director of the Webby Awards. "It is an incredible achievement to be selected among the best from the 11,000 entries we received this year."

"It is a great honor that Magma Fincorp has been nominated in the 17th Annual Webby Awards in the Financial Services/Banking category. With 11,000 entries received from all 50 US states and over 60 countries, the Academy has acknowledged outstanding entries as Official Honorees”, said Mr. Suryakant Mishra, Associate Vice President, Magma Fincorp Ltd.

As a nominee, Magma Fincorp is also eligible to win a Webby People's Voice Award, which is voted online by fans across the globe. From now until April 25th, Magma Fincorp fans can cast their votes at pv.webbyawards.com.

Winners will be announced on Tuesday, April 30, 2013 and honored at a star-studded ceremony on Tuesday, May 21, 2013 at Cipriani on Wall Street in New York City, where they will have an opportunity to deliver one of The Webby Awards' famous 5-Word Speeches. Highlights from last year’s 5-Word Speeches include: Pinterest: “Pinterest loves you Ryan Gosling”; Bjork: "A.E.I.O.U"; and Holocaust survivor Tibor Sands for The United States Holocaust Museum”Thank you for remembering me.