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Magma Nominated for Best Website in the 17th Annual Webby Awards


Kolkata, West Bengal, India, Thursday, April 25, 2013 -- (Business Wire India)

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.

Magma's listing on the webby site is located at: http://bit.ly/14kV25T.

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.

About Magma Fincorp Limited

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.

Magma provides a bouquet of financial products including financing of Utility Vehicles & Cars, Commercial Vehicles, Construction Equipments, Used Commercial Vehicles, Tractors, SME Loans, Loan against gold, Home finance and Insurance. Magma has a dedicated base of around 3 lac customers and has assets of INR 13,530 Cr under management. The company has 240 branches in 20 states and 1 union territory and employs over 6600 people. www.magma.co.in.

About The Webby Awards

Hailed as the "Internet's highest honor" by the New York Times, The Webby Awards is the leading international award honoring excellence on the Internet, including Websites, interactive advertising & media, online film & video, and mobile & apps. Established in 1996, the 17th Annual Webby Awards received 11,000 entries from all 50 states and over 60 countries worldwide. The Webby Awards is presented by The International Academy of Digital Arts and Sciences. Sponsors and Partners of The Webby Awards include: Internet Explorer, Google+, Quancast, Yext, Vitamin T, PricewaterhouseCoopers, Mashable, The Occasional and Business Insider.

Media contact details

Poulomi Bhattacharjee, Blue Lotus Communications Pvt. Ltd, +91 9830049149, poulomi@bluelotuspr.com

Contributed via: Bloomberg Publisher WEB Service

Provider ID: e012fa0cd594403483280e231b0e4e50

-0- Apr/26/2013 04:54 GMT

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