Mumbai, 05 November 2020: Mumbai-based Magma Fincorp Limited (Magma), has been honoured for its CSR program Magma M-Scholar recently at the 9th ACEF Asian Leaders Awards held in Mumbai. The CSR work of Magma has been yet again recognized for its commitment to social responsibility at an International platform.

M-Scholar, a flagship scholarship programme that has alumni base of 400 plus students, has won the coveted ‘Gold’ award at the event. The project was declared the Best Education/Scholarship Program, and won the highest award in the Social Impact Award Category. 

This is the 15th Award for the CSR programs at Magma in the past five years.

M-Scholar continues to fulfill the academic aspirations of the economically disenfranchised, paving the way for a bright future for the meritorious students. The award comes as a humbling recognition of our contribution- reinforcing our commitment to inclusivity. 

Mr Kaushik Sinha, Head - CSR, Magma Fincorp Ltd said, “We are humbled to have been recognized by ACEF for our efforts in providing quality education to the students from low-income households. Higher education is the best ticket out of poverty. This award encourages us and fuels our ambition to continue engaging with the communities to improve the quality of life.”