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Magma Fincorp names Vijay Deshwal as new CEO ANI | Updated: Jun 01, 2021 14:41 IST Mumbai (Maharashtra) [India], June 1 (ANI/PRNewswire): Magma Fincorp Ltd, the financial services arm of the Poonawalla Group, has announced that it appointed Vijay Deshwal as Group CEO. Deshwal is currently a business head at ICICI Bank responsible for the fast-growing services business segment. He is also responsible for driving the liability strategy for the corporate ecosystem at the Bank. He will take charge at Magma Fincorp in the first week of July. Poonawalla Group recently acquired controlling stake in Magma Fincorp by an equity infusion of Rs 3,456 crores through its holding company Rising Sun Holdings in May 2021.

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