Shriram Equipment Finance offers a variety of financial products to conclusively meet the requirement of all customers and manufacturers/dealers in the construction equipment industry.
Shriram Equipment Finance Company (SEFC) is a wholly owned subsidiary of Shriram Transport Finance Company (STFC), which is the largest NBFC in the country, with assets in excess of Rs 420 billion under management. SEFC caters to the financing needs of all classes of customers in the fast growing infrastructure industry in the country. Having started its operations in October 2010, SEFC has already attained a most prominent position in the construction equipment finance space in the country.
SEFC provides finance to contractors, sub-contractors, mine owners and operators, plant hirers and others involved in the development of India's infrastructure sector such as: roads contractors, irrigation contractors, mining owners and operators, mining owners and operators, quarry owners/operators, ports contractors, airport contractors, urban infrastructure contractors/builders, plant hirers. SEFC with its focused approach brings in pronounced advantages for both customers and manufacturers.
Elaborating on the company's operations, Pratap Paode, Chief Executive Officer, SEFC, says, "We are currently operating out of over 150 manned branches in the country, except a few excluded territories. On the collection side, we have over 550 collection points through our parent company branches and this network makes us one of the most widely spread financiers in the country. On the product side, we offer new equipment loans, refinance, loan switches, top-up loans, dealer trade finance, etc, and all these are tailored to meet customer requirements."
"Fastest response time, large distribution and collection network, coupled with high-risk appetite and complete geographic, customer and asset classes' inclusion, all gives us an edge over competition in retail segment financing," he adds.
Fastest deal turn-around-time: SEFC has a simplified and efficient deal processing system aided with cutting edge technology support to provide shortest turnaround time in the country. SEFC concludes finance and due-diligence aspects of a deal within time that is 50 per cent of the industry average TAT.
Focused retail approach: Understanding the distributed customer profile across geography and the risks associated with the profile and segment, SEFC is focused to empower small and medium operators with easy and attractive finance options at their doorstep. Today, SEFC is one of the largest retail segment financers in the construction equipment segment.
Wide distribution: Leveraging Shriram Transport's presence in more than 550 branches, SEFC has manned its operations at 150 locations thereby covering entire geography of the country. This network and distribution is one of the most extensive amongst all other NBFCs/banks operating in the construction equipment finance industry in India.
Superior product offering: SEFC, with its superior industry understanding and underwriting skills, has evolved product offerings in terms of asset selection, loan-to-value, tenor and other finance terms flexible that is by far the best in the industry.
Covering all assets and customers: SEFC believes and demonstrates the financial inclusion of all asset classes/models and customer grades with best-in-industry product offerings. Complete coverage to the matrix of assets and customer grades makes SEFC a comprehensive solution provider in this segment.
SEFC offers a variety of financial products to conclusively meet the requirement of all customers and manufacturers/dealers in the construction equipment industry.
KEY PRODUCTS OFFERED
New equipment loans
Used equipment purchase finance
Refinance on existing asset for working capital needs
Dealer trade advance
Top- up loans
Imported equipment finance
For further information, contact:
Business Head, Shriram Equipment Finance Company Limited, 302-306, Shabri Samriddhi Building Sion-Trombay Road, Chembur, Mumbai 400071, Tel: 91-22-6114 6500, Email: email@example.com Web: http://sefc.in