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The Asset Finance Division caters to the equipment finance requirements of the infrastructure and mining industry and enjoys a dominant leadership position in this segment. Srei's financial products cater to the widest spectrum of users ranging from First time users and buyers to the largest corporate construction houses and project developers. Operating on a relationship platform, Srei enjoys unparalleled patronage and can boast of a client base in excess of 12000 and continues to be instrumental in building the infrastructure of this nation.
With a team of highly committed professionals, the Asset finance division has identified and incubated several such construction entities, and continues to provide the vital financing support which is so critical to this industry. Srei has played a leading role in mechanization of this industry and is considered a pioneer in introducing new technologies and finances the largest range of imported sophisticated equipment for infrastructure and mining industry. One of the hallmarks of Srei's success has been to manage the risks associated with this business and effectively deliver superior financial returns to all its stake holders.
Most of the offerings that Srei does is customized to its customer requirements, and thrives on its flexibility and innovations. The Product offerings of Srei can be broadly classified as :
New equipment Financing
Used Equipment Financing
Operating leases
Imported equipments and Cross Border Transactions
Srei enjoys a very healthy mutually beneficial relationship with most of the Equipment manufacturers and continues to have the highest market share with all of them.
In partnership with these manufacturers some of whom are Global leaders Like KOMATSU, VOLVO, CATERPILLER, JCB, along with Indian Giants like L&T, TELCON, and others Srei has offered some of the most innovative schemes in the market over the years and some of these include.
Paison Ki Nilami*-
Most uniquely an auction of interest Rates, where customers would bid for an interest rate only, and decide the rate at which the equipment will be financed to him. Five (5) such auctions have been held since it was first conceived in 2004 and the customer and manufacturer response has been overwhelming. The volume and profitability of business concluded in such events has been very high.
An improvised scheme giving the customer the convenience of transacting on the internet or through Money Bag Power a personalised pre-signed delivery order. Easy Lease - A product from Srei's innovation factory an unimaginable 7 year lease scheme where the customer pays rentals almost half of the normal market price.
Another innovative offering which gives the customer an opportunity to exit from old and outdated equipment, while providing you with the same unbelievable 7 year lease on new equipment.
The smartest way to avail finance, where interest rates are drawn directly from the magical lotto machines. Srei is also environmentally committed, being one of the first Indian companies to finance renewable energy systems.
*Conditions apply.
The company has pooled resources with NGOs who enjoy rural access and finances solar photovoltaic cells, solar home lighting systems, solar lanterns, solar water pumping systems and solar thermal systems, among others, in villages that cannot be connected to the grid due to their remote locations. In doing so, the company not only enables people to be self-sufficient in power at grassroot level by facilitating power generation through natural sources in an environment friendly manner, but fulfills various objectives such as, aids employment generation at local regional levels by supporting training of village youth in providing aftersalesservice for renewable energy systems, helps in developing a healthy microcredit market, creates local service centre infrastructure, thereby boosting economic and social activities of the rural populace and assists in the efforts to raise their standard of living.
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