The prime financier

Shriram Equipment Finance Company offers all types of equipment-related financial solutions under one roof. Shriram Equipment Finance Company (SEFC) is a part of the 'Shriram' conglomerate which has significant presence in financial services. SEFC has emerged from Shriram Transport Finance Company (STFC) which is India's largest non-banking finance company (NBFC) with assets under management of over Rs 520 billion. SEFC is a leading NBFC in infrastructure equipment lending, having started its operations in October 2010, it has already attained a most prominent position in Construction Equipment Finance domain 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. Strategic alliances The company has strategic alliances with all key OEM 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. SEFC with its sectoral focus on infrastructure empowers the small customers to be an equipment owner. Easier to say, the firm caters to every possible entity and segment contributing to the infrastructure development in the country. Financial options SEFC offers a gamut of financial products to conclusively meet the requirement of all customers and manufacturers/dealers in the construction equipment industry. Some of the key products offered by it are: New equipment loans Used equipment purchase finance Refinance on existing asset for working capital needs Dealer trade advance Top-up loans Imported equipment finance Shriram Equipment Finance with its focused approach in industry brings in pronounced advantages for both customers and manufacturers Simplified and fastest loan processing: It has simplified and efficient deal processing system aided with cutting-edge technology support to provide shortest turnaround-time in the country. It concludes finance and due-diligence aspects of deal within time, that is, 50 per cent of industry average TAT. Largest retail-focused company: Understanding the distributed customer profile across geography, the risks associated with the profile and segment, the firm is focused to empower small and medium operators with easy and attractive finance option available at their doorstep. Today, SEFC is one of the largest retail segment financer in the construction equipment segment. Pan India coverage: Leveraging Shriram Transport's presence in more than 550 branches, SEFC has manned its operations at 154 plus locations thereby covering entire geography of the country. This network and distribution is one of the most extensive one amongst all other NBFCs/Banks operating in the Indian construction equipment finance industry. Superior product offering: The firm with its superior industry understanding and underwriting skills has evolved product offering in terms of asset selection, loan-to-value, tenor and other finance terms flexible that is by far the best in the industry. Covering everything everywhere: The company believes and demonstrates financial inclusion of all asset classes/models and customer grades with the best in industry product offering. Complete coverage to the matrix of assets and customer grades makes it a comprehensive solution provider in this segment. Communication by the management of the company)