SREI Equipment Finance
Region and country of operations: Asia, India
Jurisdiction of registration: India
Business sector: Equipment financing
Date of agreement (month/year): 12/2017
Finnfund’s financing: EUR 15,000,000
Size of project/financing: EUR 15,000,000
Environmental and social category: FI-A
Project description
Srei Equipment Finance Ltd. is one the major equipment financiers in India. In 2017, the company enjoys a Pan-India presence with offices in 89 locations. The company provides financial and operating lease financing to more than 60,000 customers. The wide spectrum of its customers include first time buyers of equipment, fleet owners, small contractors and large construction companies. The company services clients in the following sectors: Construction & Mining, Information Technology, Healthcare and Agriculture. As of March 2017, the Company’s total Assets Under Management were EUR 2.5 bn.
Main development impact
The financing provided by the company supports the development of Indian private sector. Rather than being merely a financier, Srei Equipment Finance Ltd. enables and assists its customers across various stages of the life-cycle of the asset, viz. procurement, deployment, maintenance and disposal.
Srei Equipment Finance Ltd. provides much needed financing to capital-intensive industries, such as infrastructure or healthcare. The company also supports self-employmenst by providing financing to single equipment owners.