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Hardayal Prasad is new MD and CEO of Srei Infra Finance

Mr. Prasad is a seasoned senior banker with over 36 years of experience

RBI supersedes board of Srei Infra and Srei Equipment Finance

The Reserve Bank of India on October 4 superseded the Board of Directors of Srei Infra and Srei Equipment Finance Limited, owing to governance concerns and defaults by SREI Group Companies.

RBI supersedes board of Srei Infra and Srei Equipment Finance

The central bank of India has appointed Rajneesh Sharma, the former Chief General Manager at Bank of Baroda, as administrator.

Srei receives EoI for $250 mn capital infusion from international PE funds

Srei Equipment Finance (SEFL) said that it has received expression of interest for up to $250 million capital infusion in the company. The international private equity (PE) funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

Srei receives EoI for capital infusion from Cerberus

The board of directors of Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance held meetings announced that it has further received an expression of interest for capital infusion from Cerberus Global Investments.

Srei Equipment receives EoI for $250 mn capital infusion from international PE funds

The international private equity ("PE") funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

Srei forms Strategic Coordination Committee for raising fresh capital

The SCC will coordinate, negotiate and conclude discussions with potential strategic and/or private equity investors, to raise fresh capital for the business in consultation with the management.

EQUIPMENT INDIA Awards 2020

At the 8th Annual Equipment India Awards 2020, hosted virtually, the top performers of Indian construction equipment industry were felicitated for their achievements in the challenging times.

EQUIPMENT INDIA Awards 2020 to be held online

In the prevailing pandemic conditions, The 8th Annual EQUIPMENT INDIA Awards will be held virtually on October 15, 2020

KfW IPEX-Bank offers EUR 10 million loan to Srei Equipment Finance

KfW IPEX-Bank is enabling the export of construction machinery for Srei Equipment Finance (SEFL) to India by providing a framework loan of EUR 10 million.

Financing Challenges

Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.

Srei Equipment Finance, UCO Bank announce strategic alliance

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India's premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

Srei Equipment Finance, UCO Bank to co-lend through iQuippo platform

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India?s premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

iQuippo launches upgraded financial portal

iQuippo, India?s first digital marketplace for infrastructure equipment, launched its upgraded financing portal (www.iquippo.com) and became the first digital platform in the country to digitise the co-lending programmes of banks and NBFCs.

Co-lending and leasing becomes the key tool this year

Srei Equipment Finance offers innovative financing solutions to equipment purchasers, even those new to the Indian equipment financing market.

EQUIPMENT INDIA AWARDS 2019

The 7th Annual Equipment India Awards 2019 recognised and rewarded the top performers of Indian construction equipment industry.

Srei Equipment, United Bank to jointly offer loans

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), partnered United Bank of India to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.

Doosan Bobcat India hosts financiers meet

The compact construction equipment sales is gaining momentum in the Indian context and therefore the easy availability of financing options for customers is inevitable.

Doosan Bobcat India hosts financiers meet

Doosan Bobcat India (DBIN) organised a financier meet at its manufacturing facility in Chennai.

iQuippo organises Paison Ki Nilami

Commenting on this occasion, Anant Raj Kanoria, CEO, iQuippo, said, ?We have noticed that in the market customers always want to negotiate pricing and interest rates and we through our platform want to digitise and make this process transparent

Srei to continue its focus on equipment finance

Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance has consolidated the lending business of Srei Infrastructure Finance and Srei Equipment Finance into one entity since the focus for last four years has been on growing equipment financing and reducing the infrastructure loan portfolio.

Srei, Oriental Bank of Commerce sign pact

Srei Equipment Finance and Oriental Bank of Commerce announced a strategic alliance to offer loans for purchase of equipment under a co-lending arrangement. iQuippo, a Kanoria Foundation initiative, will facilitate sourcing of loans under this program.

Transforming Skill Landscape

Shortage of skilled operators has been a major challenge faced by the infrastructure and construction industry for the past many years.

On Sustainable Growth

Devendra Kumar Vyas, Managing Director, Srei Equipment Finance, elaborates on the key factors that drive the growth and the emerging market trends in equipment finance.

Srei Equipment Finance and Bank of Baroda in strategic alliance

Srei Equipment Finance (SEFL), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and Bank of Baroda, India?s second largest public sector bank, announced a strategic alliance to offer joint loans for infrastructure equipment under a co-lending arrangement.

Srei to augment infra and equipment finance businesses

Srei Infrastructure Finance announced its decision to augment the capital of both its infrastructure finance and equipment finance businesses, which will facilitate the businesses in maintaining and strengthening their current leadership positions further.

CE finance outlook

Financing accounts for approximately 80-85 per cent of the total equipment purchased. In the case of overseas purchases, it accounts for approximately 90 per cent.

Srei Equipment Finance to offer new financing solutions

Srei Equipment Finance will have a big presence at the bauma CONEXPO INDIA 2018 with its stall (O.F35) of about 2,315 sq ft in outdoor pavilion.

Equipment Pulse

With the construction equipment market is on a growth path, Equipment India explores the market scenario of construction equipment and allied products and services.

Srei reports steep profit growth in Q1

Srei Infrastructure Finance (Srei) has reported a consolidated profit after tax (PAT) of Rs 139.55 crore during the quarter ended June 30, 2018 as compared to Rs 65.15 crore during the corresponding quarter of 2017.

Equipment finance sector to grow at 19 per cent CAGR

We are the leading financiers in the construction, mining, and allied equipment (CME) sector in India for fiscal 2017 (Source: Feedback Analysis). This sector primarily consists of equipment used for earthmoving and mining, concreting, road building, material handling, material processing and allied activities.

On growth Track

The upswing in construction equipment market in the last two years has created new opportunities for equipment finance market. Leading finance players are keen on the growing trend of the infrastructure market in India that has helped the construction equipment market for a turnaround after a rough patch till 2016.

Every third piece of equipment is financed by us

Overall, we see growth coming from earthmoving, road, and material handling equipment categories. More than 60 per cent of the equipment comprises earthmoving equipment (backhoe loaders, hydraulic excavators, wheel loader, etc).

We will have our biggest presence in Excon this year

The construction equipment (CE) segment has already been riding a massive infrastructure push by the government. The CE market grew by around 32 per cent in 2016-17 (unit sales).

Srei Equipment Finance plans Rs 2,000-crore IPO

Srei Equipment Finance Ltd is planning to raise Rs 1,800-2,000 crore through initial public offering (IPO) of 25 per cent of the company?s shares. The proceeds from the IPO which is expected to be launched in February-March 2018, would be used to fund growth.

Equipment Finance Sets to Outperform

Construction equipment market in India has evolved and become a major one in the global market place. With the evolution of the market, awareness about the various equipment class and their use, and above all, the construction and infrastructure development activities picking up momentum, the equipment finance market has opened up to all equipment categories.

Equipment India awards & ceo forum 2017

It was 6.15 p.m. with 15 minutes more to go for the mega event of the infrastructure equipment industry. Meanwhile, the Viceroy Hall at the heritage Claridges Hotel located in New Delhi's famed Lutyen's Zone was already filled to capacity.

Equipment India Awards 2017 and CEO Forum

The evening of April 21, 2017, was a proud occasion for Equipment India as the industry stakeholders gathered in large numbers at New Delhi's heritage Claridges Hotel, to celebrate the 4th Annual Equipment India Awards and be part of the high-level discussion at the CEO Forum.

Bauma is an important platform for the industry

Basis various industry reports, In FY16, the disbursement in the construction equipment financing (CEF) industry was Rs 243 billion, down about 5 per cent from Rs 255 billion in FY15. However, In FY17, the CEF industry is expected to have a turnaround and grow about +5 per cent (from -5 per cent in FY 16) and grow about 15 per cent in FY18.

IMME 2016 all set to kickstart

The 13th edition of International Mining and Machinery Exhibition (IMME 2016) is all set to kickstart on November 16. IMME is India?s largest and focussed trade fair for the mining sector and is scheduled to be held from 16 to 19 November 2016 at Eco Park, Rajarhat, Kolkata.

Srei Q1 net more than doubles

Srei Infrastructure Finance Ltd?s consolidated net profit more than doubled to Rs 51.57 crore during the April-June quarter (Q1) compared to a net profit of Rs 23.32 crore

Srei Q1 net more than doubles to Rs 51 crore

Srei Infrastructure Finance Ltd's consolidated net profit more than doubled to Rs 51.57 crore during the April-June quarter (Q1) compared to a net profit of Rs 23.32 crore posted during the same quarter last year

Expectations Post Monsoons

Slowdown in construction activities, all around the country, is a predictable annual feature. It is time for the industry to recharge its batteries, rejuvenate equipment fleets, invest in skill development and be ready to meet the frenzy post monsoons.

Brexit?s Impact on India

Brexit as an event will impact the future of the UK and EU. This victory for exit, however narrow, came as a surprise as pre-voting polls predicted the results to be otherwise. The next step is to ratify the Article 50 of the Lisbon Treaty. But before the treaty there are a lot of issues which need to be worked out.

3rd Annual Equipment India Awards & CEO FORUM

The evening of March 16, 2016 was a matter of pride for EQUIPMENT INDIA as a large number of stakeholders from the construction equipment (CE) community gathered at the Commission Hall of FICCI Delhi to celebrate, in letter and spirit, the 3rd Annual Equipment India Awards.

Srei generates biz worth Rs 500 cr from Excon

Srei Equipment Finance expects its business from the recently concluded Excon 2015 to cross Rs 500 crore

Srei BNP Paribas Q2 net rises

Srei BNP Paribas recorded a 20.8 per cent increase in net profit at Rs 27.62 crore for the second quarter of this fiscal, compared to Rs 22.85 crore

Is the money flowing again?

Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.

Navin Group is the oldest active dealership of CE industry in MP

Being involved in the business of construction equipment for the past 27 years, Navin Group still maintains a track record of excellent customer service and a healthy market share of satisfied customers

Infra Development in North-East Region

Indian Construction Equipment Manufacturers? Association (ICEMA) organised a conference on Infrastructure Development in North East Region, concurrently with ConMac 2015 - an exhibition on construction equipment and technology at Guwahati.

Walking the Talk

The promises of ?Acche Din?coupled with the the ?Big Bang? expectations from the FY16 Union Budget, are more to do with the government walking the talk and bringing in continuous reforms which positively impact the financial and economic landscape.

Dedicated infra financing vehicles are need of the hour

Eight months in office, the Central Government has done well to improve the business sentiment. Several measures aimed at easing the way of doing business have been taken. Things have started looking up for the infrastructure sector too.

The Customer is King!

The takeaway was simple. Every Equipment India (EI) Award winner had one person to thank above all: the customer. Dedicating the Equipment India Person of the Year award to over 1,500 employees, over 8,000 customers,

Execution is the Driving Mantra

The Union Budget 2014-15 is probably one of those Budgets post-independence, which has been analysed in an environment of high expectation, sub five per cent growth, double digit inflation and extensive knowledge communication through media

Expectations from the New Government

Devendra Kumar Vyas, Chief Executive Officer at SREI BNP Paribas pens down the wish list of expectations from the new government. With the National Democratic Alliance (NDA) having formed the government, industry expectations are high that the new Prime Minister will be able to lead the economy out of the low growth era through decisive governance.

ICE financiers and OEMs need to work together in intensifying the dialogue with the government

The growth of the infrastructure and construction equipment (ICE) industry in India is still at a nascent stage. The industry is currently at about $4 billion with volumes in the vicinity of 80,000 units per annum in the organised market.

Getting ready for the upturn

In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers

Srei BNP Paribas raises benchmark rate

The leading infrastructure and construction equipment finance firm Srei BNP Paribas has announced a hike in its benchmark rate by 25 basis points, from 17.75 per cent to 18 per cent, with immediate effect.

Rentals will be the solution for the future

Knowledge and skill upgradation are vital and that is where Quippo plays an important role. We continuously devote time to upgrading knowledge; training is a continuous activity in our organisation.

Equipment Finance Companies are Optimistic on Sales Growth

Bangalore, 23 November 2013: As with any product that requires a large one-time capital expense, financing is a good way for the construction equipment industry to spark demand and acquire new customers. In 2011, India?s earthmoving and construction equipment (ECE) financing industry was valued at Rs.23,000 crore according to the report on ?Roadmap for Realising ECE Industry?s Long Term Potential? released at CII EXCON 2013 - South Asia?s Biggest Construction Equipment Event.

The Rupee Impact

The depreciation of the Indian rupee has had its adverse impact on the manufacturing sector, especially OEMs who import various components. To the extent possible, OEMs are trying to localise production, but that is just a part of it. What the industry is looking is for concrete measures that can bring life back into the economy and trigger growth in a sustainable way.

Srei raises lending rate

Srei Infrastructure Finance announced a hike in its benchmark rate by 50 basis points from 17.50 per cent to 18 per cent per annum effective from September 2013.

We have positioned ourselves as a true infrastructure partner rather than a lender

More projects, faster enviro?nm?ent and forest clearances, support in land acquisition and a general clarity in policy are the key. Any infrastructure project takes time and stability of policy is a must to ensure that investment flows, says DK Vyas, CEO, Srei BNP Paribas.

Navigating through turbulent times

Overall slowdown in demand for new equipment, absence of new channels for the deployment of equipment compared to the overall availability, plummeting value of currency, lack of clarity on private coal blocks, highly depressed rental rates - all seems to have had its negative impact on the equipment finance segment.

ECB proposal for funding local construction equipments

Agency reports suggest that some NBFC-AFCs (asset financing companies) want Reserve Bank of India (RBI) to allow External Commercial Borrowing (ECB) norms for funding domestically manufactured construction equipment. Recently, the central bank allowed NBFC-AFCs to avail ECBs for funding only imported equipments

Our machines give better efficiency in terms of fuel consumption and productivity

Volvo Construction Equipment is one of the most dynamic companies in the industry. Not only have we grown rapidly over the last decade, we have done so without sacrificing the quality of our products, the innovation of our thinking or our close relationships with our growing family of customers

The Budget's impact

Industry captains analyse the Budget's implications on the CE sector. According to Vipin Sondhi, Managing Director & CEO, JCB India, the Finance Minister has rolled out a well-balanced and realistic Budget.

Signalling a return to growth

More than 28,000 visitors, over 710 exhibitors, out of which 61 per cent of the exhibitors were international, which is a strong indication of the global interest for the Indian market.

Driving innovation

The Fifth Annual Equipment India Conference 2013 focussed on innovative equipment and solutions and how OEMs are becoming more innovative due to changing user pattern of machines.

We cater to the entire value chain from procurement to deployment to disposal.

Our pan-India presence and in-depth knowledge of the Indian market make us a preferred player for any equipment manufacturer, (Indian or foreign, who is eyeing the ICE market in India. A proper risk management system, floating interest rate financing and customised offering have been major growth factors for us, says DK Vyas, CEO, Srei BNP Paribas. Excerpts from the interview.

Srei to fund used equip sector

In order to release capital for lending to used construction equipment and other purposes, Srei Equipment Finance plans to securitise Rs 800-900 crore of its assets during the current quarter, reports suggest. The company will focus on financing used construction equipment because growth in sale of construction equipment is slowing. Srei feels that used equipment financing has low credit risk and will help the company garner better margins.

Srei Equip Finance gets Rs 200 cr

Srei Infrastructure Finance and BNP Paribas have invested close to Rs 200-crore worth equity in their joint venture (50:50) company Srei Equipment Finance.

Srei profits soar

Srei Infrastructure Finance has recorded a 219 percent growth in its consolidated profit before tax (PBT) during the quarter ended September 30,2012 to Rs 158.07 crore as compared to Rs 49.53 crore same quarter last fiscal.The consolidated total income for the quarter was Rs 788 crore as compared to Rs 588 crore in the corresponding period of the previous fiscal year.

Quippo Fleet Management

Quippo was a prime participant in the Equipment India Conference held on 14 and 15 September, 2012. During the conference, DK Sinha, National Head?Sales & Marketing, presented Quippo?s unique service model of Asset Maintenance and Management-Fleet Management.

Srei Equip Finance gets Rs 200 cr

Srei Infrastructure Finance and BNP Paribas have invested close to Rs 200-crore worth equity in their joint venture (50:50) company Srei Equipment Finance.

Srei to finance used CE

Srei Equipment Finance plans to venture into used construction equipment and agriculture financing businesses this year. This is to offset the slowing growth in its new construction equipment financing business. The company believes that the next wave of growth will come from used construction equipment financing even as it will continue to focus on its new equipment financing business.

Srei Equipment Finance to go public

Srei Equipment Finance will convert itself into a public limited firm as it will help the construction equipment finance firm tap funds from retail investors, said DK Vyas, Chief Executive Officer, Srei Equipment Finance. Converting into a public com?pany will help the firm to tap sources like non-convertible debentures, and corporate bonds which will widen its funding base, according to Vyas.

Machine Bank for construction sector

A platform to provide advisory services and facilitate transactions for the construction sector, has been created with the support of Quippo Construction Equipment.

Srei BNP Paribas raises base rate

Srei BNP Paribas has announced a hike in its benchmark rate by 25 basis points, from 17 per cent to 17.25 per cent, with immediate effect.

Repositioning Eqpt Renting to a Holistic Solution in India

Quippo Construction Equipment is one of the largest equipment service providers with a pan India presence operating out of 35 locations across the country.

Srei Infrastructure partners ISB

Srei Infrastructure Finance has partnered with Indian School of Business (ISB) to carry forward a one of a kind, industry-academia association which is aimed at building future leaders who

Srei Infrastructure business grows 49%

Srei Infrastructure Finance consolidated disbursement during the last financial year 2011-12 has been Rs 18,600 crore as against Rs 12,497 crore in the previous year, recording a growth of 49 per cent.

On a momentous growth

The government?s commitment to complete 7,300 km of roads in 2012-13 basically translates to a demand for approximately 39 crore tonne of aggregate. And if we calculate using the example of a 200-tph plant which produces approximately 600,000 tonne per annum,

Budget Quotes

The Budget 2012-13 aims at sprucing up the country?s infrastructure and readying it for higher growth. Stalwarts from the construction equipment industry respond to the budget.

Srei registers 75% growth

Srei Infrastructure Finance has recorded a 65 percent rise in its consolidated total income and 31 percent growth in its consolidated disbursement during the quarter ended September, 2011 to Rs 588 crore and Rs 4,401 crore respectively as compared to same quarter performance last fiscal.

We expect to achieve our target disburse?ment figure for FY12

At Excon, 2011, we are offering some unique innovative products like the Asset Power" with a pre-approved credit limit, which is a co branded card with our manufacturing partner wherein a customer

Quippo Construction is all poised for a phenomenal growth through expansion

The strength of QCEL lies in its pan India presence and also being the only infrastructure equipment bank having wide range of equipment, catering to both construction as well as industrial applications. It has seven equipment hubs with another 28 spokes attached to these hubs,? says HS Bhattacharjya, Chief Executive Officer, Quippo Construction Equipment and Quippo Valuers & Auctioneers. 1 - - 21564 14 98 2011-11-01 00:00:00.000 Equipment India Terex Corporation: Expanding Horizons Terex Corporation is focused on delivering customer driven solutions for a wide range of commercial applications, including for  the construction, infrastructure, quarrying, mining, shipping, transportation, power and energy industries.

Terex Corporation is a diversified global equipment manufacturer of a variety of machinery products.The company is focused on delivering customer driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, shipping, transportation, power and energy industries. Terex operates in four business segments: aerial work products, construction, cranes, and material processing.The company Terex recently acquired Demag Cranes which is headquartered in Dusseldorf, Germany and is a leading provider of industrial cranes, crane components, harbor cranes and port automation technology. Demag Cranes' business is highly complementary to the existing Terex business, and the combination has compelling industrial logic. The combined entity would have had total revenues of close to $7 billion end of 2011 with a strong footprint in Europe and emerging markets, especially in China. Terex now employs approximately 22,000 team members in more than 50 manufacturing facilities in North and South America, Europe, Asia, and Australia. Terex products are sold worldwide primarily under the Terex?, Genie?, and Powerscreen? brands.

Terex in India manufactures backhoe loaders, skid steer loaders and materials processing equipment in their facilities at Noida and Hosur.Some of the indigenously built machines are exported to other Asian, African and Middle Eastern countries.Terex currently imports cranes, port equipment and aerial work platforms for serving the Indian market.
 
Aerial work Platforms:The aerial work platforms (AWP) segment designs, manufactures, refurbishes and markets aerial work platform equipment and utility aerial devices that are used to lift personnel and material to height. They are a productivity and safety tool that make workers more efficient by quickly and safely allowing them to work and maneuver above the ground. Aerial Work Platform products are primarily marketed under the Terex? and Genie? brands.

Construction: The construction segment designs, manufactures and markets three primary categories of construction equipment including heavy construction equipment; compact construction equipment; and road building equipment. Construction products are marketed primarily under the Terex? brand.

Cranes: The cranes segment designs, manufactures, services and markets a diverse variety of cranes including mobile hydraulic cranes, tower cranes, and specialised cranes for port and rail applications.Crane products are marketed primarily under the Terex? brand.

Material processing: The material processing segment designs, manufactures and markets materials processing equipment that is used to crush rock to smaller sizes/shapes, called aggregate. Screening and washing products are then used to sort and clean this aggregate.Materials processing products are marketed primarily under the Terex? and Powerscreen? brands.

The combined entity would have had total revenues of close to $7 billion end of 2011 with a strong footprint in Europe and emerging markets, especially in China.

Equipment Financing: Widening the Net

CE financing has definitely picked up and has registered a growth of 20 per cent over last year. Though the industry has not touched the peak levels of 2007-08, it expects to end the 4th quarter on a high and continue the growth story in 2011-12.

Srei BNP financed equipment over Rs 5,000 cr in Q1FY12

The main vehicle for leasing in India are the NBFCs, but these financing entities do not enjoy a level playing field vis-?-vis banks. For example, in terms of NPA allowance and recovery of bad assets, banks have a clear advantage over NBFCs.

A complex growth pattern

Till date, leasing has not been not more than one per cent of the total equipment finance market. However, with the clarity coming about taxation related to leasing and a direct tax code coming up, there is a huge opportunity of revival of this product in the coming years.

Topline jump

It's a clear growth pattern. The consolidated financial results for the last fiscal (April 10-March 11) announced by many of the major OEMs shows a definite growth trajectory especially in the lifting and earthmoving and the concrete equipment segments.

Srei registers 59% growth

Srei Infrastructure Finance has registered an increase of 59 per cent in its consolidated disbursement at Rs 5,148 crore during quarter ended June 30, 2011 as compared to Rs 3,243 crore disbursed during the corresponding quarter last fiscal.

Srei Infra posts growth in profit

Srei Infrastructure Finance recorded a growth of 33 per cent in its profit before tax to Rs 289 crore in 2010-11 from Rs 218 crore during last fiscal.

Exceeding Expectations

The recently concluded bC India exceeded all expectations. Take a look at the statistics: More than 22,000 visitors from 69 countries, 508 exhibitors from 30 countries, 70 per cent of them from abroad; the international flavour further underlined by nine international pavilions, creating a new dimension for the construction industry.

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