Infrastructure companies in India

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Srei Infrastructure Finance Company - Overview & Milestones

SREI Infrastructure Finance Ltd
Srei Infrastructure Finance Limited ("Srei"), a Kanoria Foundation entity, is one of India's leading holistic infrastructure institutions, constantly and consistently delivering innovative solutions in the infrastructure space. SREI, which in Sanskrit means ‘to accord credit’ and in Bengali is a derivative of ‘sreshtha’ meaning ‘the best’, has completed over thirty years and has come a long way after starting its journey perhaps in one of the most difficult and challenging times. In 1989, India had not opened up, the economy was in a sorry state. The GDP growth rate hovered just around 3% per annum. The physical infrastructure in terms of road, port, power supply, urban infrastructure was in shambles. There was hardly any quality investment in infrastructure projects. There was a severe liquidity crunch and our foreign exchange reserves were abysmally low at less than USD 4 billion. Government controls were in every sector choking the business environment. SREI was born then, a child of a dream, with the aim to address two of the most critical problems in the country then- financing and infrastructure. Both of these were extremely difficult domains, and the government had a dominant presence in both. A private player in infrastructure financing was almost unthinkable at that point. But Hemant and Sunil Kanoria, had correctly assessed the ground reality and realized that the government was constrained in terms of resources for meeting the country’s massive infrastructure needs and would thus ultimately have to encourage private sector participation.

Our journey of over three decades has made us both dynamic and mature. Our experience in the sector has been an exceptional mix of moments of excellence, seconds of despair, coupled with thrills and excitement. With 'Innovation' as our hallmark, we have grown over the years to become the preferred partners in infrastructure financing.

Srei believes in being the driving force for entrepreneurs. By empowering over 100,000 customers through our bouquet of services, our value proposition towards our customers and partners is much beyond finance. Srei has continuously innovated and developed sustainable approaches to become a deserving leader in almost all stages of the infrastructure value chain. We have added many feathers to our list of accomplishments that distinguish us as an industry leader.

We are amongst the first Indian NBFCs to access the international market for funds

To broad base shareholding we were the first Indian infrastructure NBFC to be listed on the London Stock Exchange way back in 2005. We also have the distinction of having a wide spectrum of international institutions as our stakeholders:IFC (International Finance Corporation - World Bank Group)KfW & DEG Germany (Financial Institutions owned by the Government of Germany)FMO (Financial Institution owned by the Government of Netherlands)BIO (Financial Institution owned by the Government of Belgium))FINFUND (Financial Institution owned by the Government of Finland), Fidelity, Norges Bank

Srei is also the first company to lay the ground for passive telecom infrastructure sharing in India. We realize the importance of technology and it is the one thing that differentiates us from our competitors.

A robustness of any Company can be assessed by how it performs in its most challenging times. We have survived multiple market cycles and been through two of the most challenging economic slowdowns and yet stood the test of time over the years. Our edge, over the others, is the ability to provide all possible infrastructure related services under one roof, making us the most preferred partner for infrastructure players in India.

SREI Milestones
  • 1989

    Srei started operations and identified infrastructure as its core business.

  • 1992

    Srei's initial public offer (IPO). Srei's shares are currently listed on all major stock exchanges.

  • 1997

    IFC, Washington (World Bank Group), DEG (owned by the government of Germany), and FMO (owned by the government of Netherlands) invested in Srei as strategic equity partners.

  • 2005

    Srei became one of the first Indian NBFIs to be listed on the London Stock Exchange.

  • 2008

    Srei formed a joint venture with BNP Paribas for equipment financing business.

  • 2009

    Srei formed a strategic partnership with Tata Group for passive telecom infrastructure business.

  • 2010

    Synergistic integration of Srei and Quippo to create an integrated infrastructure institution.

  • 2011

    Srei received 'Infrastructure Finance Company' and 'Public Financial Institution' status.

  • 2012

    Srei received certificate of registration for mutual fund (infrastructure debt fund) from SEBI.

  • 2014

    Srei received certificate of authorisation from RBI to set up, own and operate White Label ATMs.

  • 2016

    Srei sells stake in Viom to ATC, the transaction is one of the largest FDI in Indian telecom space.
    Srei consolidates 100% shareholding in its equipment financing business.

  • 2019

    Srei completes 30 years.

  • 2019

    Srei Equipment, a wholly-owned subsidiary of Srei Infrastructure Finance Limited, and Syndicate Bank to jointly provide equipment financing under co-lending arrangement using iQuippo platform

  • 2019

    Srei Equipment, a wholly-owned subsidiary of Srei Infrastructure Finance Limited, and Bank of Baroda to jointly provide equipment financing under co-lending arrangement using iQuippo platform