How many employees work at Magma General Insurance?
Magma General Insurance Ltd. has approximately 2,119 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Magma General Insurance’s total headcount has grown 3.3% from 2,051 employees in 2023 to 2,119 in 2026.
Is Magma General Insurance hiring right now?
Yes, Magma General Insurance is actively hiring. Magma General Insurance had 6 active job postings in 2026, a 100.0% increase from 2025 — see job openings & hiring trends.
About Magma General Insurance’s Workforce
Magma General Insurance Ltd. is a Financial Services company that employs 2,119 people worldwide as of March 2026. It is the 10th-largest by headcount among its peers. Founded in 2009, the company is headquartered in Mumbai, India.
Magma General Insurance's workforce has grown 3.3% from 2023 to 2026, though it is down 1.4% year over year in 2026. Its workforce is concentrated most in South Asia (99.8%), followed by North America (0.1%) and Eastern Europe (0.1%).
Magma General Insurance's functional groups are Finance and Operations (45.2%), Engineering (33.2%), and Sales and Marketing (21.6%). The average salary is $9,580, highest in South Asia at a median of $7,000, up 3.8% year over year in 2026.
Magma General Insurance's active job postings rose 100.0% in 2026 to 6, with new postings per month cooling from 12 in 2023 to 5 in 2026.
Sourced from Revelio Labs workforce data.
- Headquarters
- Mumbai, India
- Founded
- 2009
- Industry
- Financial Services
- Employees
- 2,119
- YoY
- -1.4% (-48)
As of March 2026
Magma General Insurance workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Magma General Insurance. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsMagma General Insurance Annual Employee Count (2023-2026)
- Magma General Insurance had 2,119 employees in 2026, a 1.4% decline (-48) from 2025.
- Magma General Insurance had 2,133 employees in 2025, a 1.1% decline (-45) from 2024.
- Magma General Insurance had 2,178 employees in 2024, a 4.4% increase (+84) from 2023.
- Magma General Insurance had 2,094 employees in 2023, a 5.6% increase (+209) from 2022.
Magma General Insurance's total workforce has grown from 2,051 employees in 2023 to 2,119 in 2026.
Magma General Insurance Ltd. quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 2,119 | -48 | -1.4% |
| 2025 | Q4 | 2,133 | -45 | -1.1% |
| 2025 | Q3 | 2,130 | -57 | -1.1% |
| 2025 | Q2 | 2,183 | -10 | -0.2% |
| 2025 | Q1 | 2,167 | +20 | +2.1% |
| 2024 | Q4 | 2,178 | +84 | +4.4% |
| 2024 | Q3 | 2,187 | +78 | +4.2% |
| 2024 | Q2 | 2,193 | +142 | +5.3% |
| 2024 | Q1 | 2,147 | +190 | +6.4% |
| 2023 | Q4 | 2,094 | +209 | +5.6% |
| 2023 | Q3 | 2,109 | +261 | +6.2% |
| 2023 | Q2 | 2,051 | +305 | +6.8% |
See Magma General Insurance's complete headcount history, including quarterly breakdowns.
Get the DataMagma General Insurance Employee Count by Region (2026)
South Asia accounts for the largest share of Magma General Insurance's global workforce with approximately 100% of total employees, followed by North America and Eastern Europe.
Magma General Insurance employees by region
| Region | Employees | % of Total |
|---|---|---|
| South Asia | 2,105 | 99.8% |
| North America | 3 | 0.1% |
| Eastern Europe | 1 | 0.1% |
| South America | 1 | 0.0% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataMagma General Insurance Employee Count by Department (2026)
Magma General Insurance's employee groups are Finance and Operations (45.2%), Engineering (33.2%), and Sales and Marketing (21.6%).
Magma General Insurance employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 956 | 45.2% |
| Engineering | 701 | 33.2% |
| Sales and Marketing | 456 | 21.6% |
Compare Magma General Insurance's department mix to industry peers.
See Full DataMagma General Insurance Employee Salary by Region (2026)
Magma General Insurance's average employee salary is $9,580 globally. Employees in South Asia receive the highest compensation.
Magma General Insurance median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| South Asia | $7,000 |
Unlock salary by role, level, and city — and compare to Magma General Insurance's industry peers.
Unlock Salary DataMagma General Insurance Job Openings and Hiring Trends (2023-2026)
- Magma General Insurance had 6 active job postings in 2026, a 100.0% increase (-3) from 2025.
- Magma General Insurance had 9 active job postings in 2025, a 10.5% decline (-1) from 2024.
- Magma General Insurance had 10 active job postings in 2024, a 107.7% increase (+7) from 2023.
- Magma General Insurance had 3 active job postings in 2023, a 90.9% decline from 2022.
- Hiring velocity in 2026: 5 new roles/month, down from 6 in 2025 and 11 in 2024.
Magma General Insurance's active job postings rose 100.0% in 2026 to 6, with new postings per month cooling from 12 in 2023 to 5 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataSimilar Companies
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Frequently Asked Questions About Magma General Insurance
- How fast is Magma General Insurance growing?
- In 2026, Magma General Insurance's headcount shrank 1.4% to 2,119 employees, down from 2,167 in 2025.
- See the full headcount history
- Where are Magma General Insurance employees located?
- Most Magma General Insurance employees are based in South Asia (99.8% of headcount), followed by North America and Eastern Europe.
- Explore where the workforce is based
- What is the average salary at Magma General Insurance?
- The average employee salary at Magma General Insurance is approximately $9.6k per year.
- Analyze the salary distribution
- How many new job postings does Magma General Insurance open per year?
- In Q1 2026, Magma General Insurance opened 15 new job postings. In 2025, Magma General Insurance opened 73 new job postings — about 6 per month.
- Track hiring trends by role
- When was Magma General Insurance founded and where is it headquartered?
- Magma General Insurance was founded in 2009 and is headquartered in Mumbai, India.
- Compare Magma General Insurance to industry peers
Speak with a workforce expert about Magma General Insurance.
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