Kailash Baheti, CFO, Magma Fincorp Talks SME Expansion
Kailash Baheti is the Chief Financial Officer of Magma Fincorp in India. As he helps strategize the company’s future growth, his responsibilities include planning for, and controlling the capital and revenue expenditures, while continuously working towards achieving the planned profitability and looking at acquisition opportunities for inorganic growth. He has more than 25 years of experience and has worked for major financial institutions.
In this interview, he discusses how his company plans to expand its SME loan offerings among other products. The most sensitive to GST will be SME and MHCV loans. He does plan for SME business to be long and short term. In business Magma targets only those SME customers whose turnover is more than Rs 1 cr, which are either central excise or service tax compliant.