SEFC to double disbursements
Shriram Equipment Finance Co (SEFC) has chalked out aggressive growth plans for this fiscal. SEFC, which commenced its operations in October 2011 in the construction equipment finance space, aims to double its disbursements across all states in the country in next 3-6 months. SEFC has already attained a book size of over Rs 3,400 crore and is one of the largest and most profitable NBFC in this segment. With its distribution reach expected to touch 200 branches, SEFC aims to garner 12-14 per cent market share of the construction equipment finance market. SEFC currently operates out of 154 manned locations in the country which is widest and most distribution that any other NBFC/bank in this segment. Pratap Paode, Chief Executive Officer and Whole-time Director, SEFC, said, ?There is immense potential in the construction equipment finance space and we at SEFC are rightly poised to make the most of this opportunity in the coming years.? SEFC has very strong vendor relations with most key manufacturers namely JCB, Telcon, L&T Komatsu, Case CNH, Hyundai, AMW, Escorts and many more.