Magma Fincorp donates Rs.30 Lac for the relief in Uttarakhand

HYDERABAD, India - Aug. 7, 2013 - PRLog -- Hyderabad, 7^th August,2013: Magma Fincorp Limited, the leading asset finance company, today handed over a cheque of Rs 30 lac to the PM’s relief fund for the people affected by the recent floods in the state of Uttarakahand which resulted in the loss of innocent lives and damage to property in the state.

 

For this noble cause, Magma undertook a fund raising initiative amongst its employees in which over7,500 employees of Magma participated and contributed a part of their monthly salary for the  process of rehabilitation currently happening in the state of Uttarakhand.

 Mr. Ashutosh Shukla, COO, Magma Fincorp said, “We are quite distressed with regards to the recent flood in the state of Uttarakahnd which affected the holy shrine of Kedarnath and the surrounding areas leading to the death and destruction in the region. Wewanted to contribute and be a part of the process of rebuilding and rehabilitationwhich is currently underway inthe state of Uttarakhand’.

 At Magma, Corporate Social Responsibility (CSR) is a medium to meet the socio- economic, environmental and ethical responsibilities. Magma organizes host of pan India CSR activities like Health & Eye Check Up Camps, Blood Donation Camps, Midday Meal Programmes, Grand Parents’ Day Out in Kolkata during Durga Puja, Painters’ Workshops, etc. Magma has also adopted 13 schools in six tribal areas of Jamshedpur, Raipur, Jabalpur, Ranchi, Siliguri andBhubaneswarto promote the cause of education.