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.