Shriram Equipment Finance Company caters to every possible segment, contributing significantly to the infrastructure development in the country.
Shriram Equipment Finance Company (SEFC) is a part of the Shriram conglomerate which has a significant presence in financial services. SEFC has emerged from Shriram Transport Finance Company (STFC) which is India's largest NBFC with assets over Rs 520 billion under management of. SEFC is a leading NBFC in infrastructure equipment lending. Started its operations in October 2010, and has already attained a prominent position in the construction equipment finance space in the country. With a customer base of over 20,000, employee base of over 600, and assets under management of over Rs 31 billion, SEFC operates through a wide network of over 154 branches across India while catering to the needs of all classes of customers across the country.
SEFC has strategic alliances with all key original equipment manufacturers and enjoys a market share of 15 per cent in this segment. It provides construction equipment and machinery finance to contractors, sub-contractors, mine owners and operators, plant hirers and others involved in the development of India's infrastructure sector; with its sectoral focus on infrastructure, the company empowers the small customers to become equipment owners. Shriram Equipment Finance offers a gamut of financial products to conclusively meet the requirement of all customers and manufacturers/dealers in construction equipment industry. Some of the key products offered by SEFC are: new equipment loans, used equipment purchase finance, refinance on existing asset for working capital needs, dealer trade advance, top- up loans, and imported equipment finance.
Shriram Equipment Finance, with its focused approach in industry, brings in pronounced advantages for both customers and manufacturers:
Simplified & fastest loan processing: The company has simplified and made efficient the deal processing system, aided with cutting edge technology support, to provide the shortest turnaround time in the country. SEFC concludes finance and due-diligence aspects of a deal within 50 per cent of the industry average TAT.
Largest retail focused company: Understanding the distributed customer profile across the land, as well as the risks associated with the profile and segment, Shriram Equipment Finance is focused to empower small and medium operators with easy and attractive finance options available at their doorstep. Today, SEFC is one of the largest retail segment financers in the construction equipment segment.
Pan-India coverage: Leveraging Shriram Transport's presence in more than 550 branches, SEFC has its operations at over 154 locations, thereby covering the country. This network and distribution is one of the most extensive ones amongst all other NBFCs/banks operating in the construction equipment finance industry in India.
Superior product offering: Shriram Equipment Finance, with its superior industry understanding and underwriting skills, has evolved its product offering in terms of asset selection, loan-to-value, tenor and other finance terms that is by far the best in the industry.
Covering all and everywhere: Shriram Equipment Finance believes and demonstrates the financial inclusion of all asset classes/models and customer grades with the best-in-industry product offering.
A complete coverage of the matrix of assets and customer grades make Shriram Equipment Finance a comprehensive solution provider in this segment.
For further information contact:Business Head,
Shriram Equipment Finance Company Ltd.,
302-306, Shabri Samriddhi Building,
Sion-Trombay Road, Chembur,
Tel: 91-22-6114 6500,