Truly equipped

Through its wide range of offerings and efficient services, Shriram Equipment Finance has attained most prominent position in construction equipment finance industry in the country. Shriram Equipment Finance Company, a wholly-owned subsidiary of Shriram Transport Finance Company, is the largest non-banking finance corporation in India with assets under management in excess of Rs 420 billion. The company caters to the financing needs of all classes of customers in the fast growing infrastructure industry. Incepted in October 2010, it has already attained most prominent position in construction equipment finance industry in India. The beneficiaries The company provides finance to contractors, sub-contractors, mine owners and operators, plant hirers and others involved in India's infrastructure sector such as road and irrigation, mine owners and operators, quarry owners and operators, ports and airport contractors, urban infrastructure contractors, builders, plant hirers, etc. Solutions offered The company offers variety of financial products to conclusively meet the requirement of all customers, manufacturers and dealers in construction equipment industry. Some of the key products offered include new equipment loans, used equipment purchase finance, refinance on existing asset for working capital needs, dealer trade advance, top-up loans, imported equipment finance. Distinct benefits Shriram Equipment Finance through its focused approach offers certain pronounced advantages to both customers and manufacturers. These include: Fastest deal turnaround time: The company has a simplified and efficient deal processing system aided with cutting edge technology support to provide shortest turn-around time in India. It finalises finance and due diligence aspects of deal within time, which is 50 per cent of industry average TAT. Focused retail approach: Understanding the distributed customer profile across geography and the risks associated with the profile and segment, Shriram Equipment Finance empowers small and medium operators with easy and attractive finance option available at their door-step. Today it is one of the largest retail segment financer in construction equipment segment. Wide distribution across India: Leveraging Shriram Transport's presence in more than 550 branches, SEFC has manned its operations at 150 locations there-by covering the entire country. This network and distribution is one of the most extensive one amongst all other NBFCs/Banks operating in construction equipment finance industry in India. Superior product offering: The company, 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: Shriram Equipment Finance blends financial inclusion of all asset classes/models and customer grades with best-in-industry product offering. Its complete coverage to the matrix of assets and customer grades make it a comprehensive solution provider in this segment. (Communication by the management of the company)