Srei Infrastructure Finance Ltd. is one of India's leading Non Banking Financial Institutions and the only private sector infrastructure financing NBFI.With a customer base of over 15,000, over Rs. 8,000 crore in Assets Under Management and total capital base of over Rs. 700 crore, Srei today has emerged as the largest player in a fiercely competitive market of infrastructure equipment financing. Srei has entered into a strategic alliance with BNP Paribas Lease Group, a subsidiary of BNP Paribas of France, for equipment financing business through a joint - venture. The JV will expand to financing in new areas such as agriculture equipment, medical equipment, information technology and other equipment classes.
Over the years, Srei has expanded its unique business model internationally. It has three offices in Russia and is in the process of replicating the model in many other countries. It enjoys a strong national presence with a network of 63 offices.
Srei has taken the initiative of building rural infrastructure in the country on an information and technology platform under the National e-Governance Plan of the Government of India. This mega project envisages setting up nearly 25,000 common service centres in six states and will offer a host of B2B, B2C and G2C services to 21 crore rural population.
In addition to infrastructure, Srei also offers a bouquet of allied financial services like capital market services, insurance broking and venture capital. These have not only helped to serve existing customers better, they have also grown into healthy stand-alone services.
SREI GROUP COMPANIES:
Srei Capital Markets Limited
Srei Venture Capital Limited
Srei Insurance Broking Private Limited
Bengal Srei Infrastructure Development Limited
Srei Equipment Finance Private Limited
Srei Sahaj e-Village Limited
ZAO Srei Leasing
QUIPPO Infrastructure Equipment Limited
Srei Infrastructure Advisors Limited
SREI Operations:
Infrastructure financing
• The division provides financing for infrastructure projects such as bridges, approach roads, bypasses and roads, power projects, private berths and container handling jetties in the port sector. It also provides large-ticket equipment finance to oil rigs, cranes, railway wagons, mining equipment, airports, etc.
Infrastructure advisory
• Under this LoB, SREI undertakes project conceptualization, pre-feasibility studies, project monitoring, etc. SREI primarily partners with governments for such projects and hence, there is no slowdown evident yet in advisory business.
• Currently, SREI has 12-15 active projects with the various governments. The management has expressed that this stream is in the initial stage and expects it to become a steady performer by Q1FY10.
SREI-BNP Paribas Lease JV
• BNP infused Rs7.75bn towards its capital contribution for a 50% share in the JV. The JV had net worth of Rs8bn initially. BNP paid Rs8bn for the 50% stake in the JV, valuing the equipment finance business at Rs16bn.
Over the years, Srei has expanded its unique business model internationally. It has three offices in Russia and is in the process of replicating the model in many other countries. It enjoys a strong national presence with a network of 63 offices.
Srei has taken the initiative of building rural infrastructure in the country on an information and technology platform under the National e-Governance Plan of the Government of India. This mega project envisages setting up nearly 25,000 common service centres in six states and will offer a host of B2B, B2C and G2C services to 21 crore rural population.
In addition to infrastructure, Srei also offers a bouquet of allied financial services like capital market services, insurance broking and venture capital. These have not only helped to serve existing customers better, they have also grown into healthy stand-alone services.
SREI GROUP COMPANIES:
Srei Capital Markets Limited
Srei Venture Capital Limited
Srei Insurance Broking Private Limited
Bengal Srei Infrastructure Development Limited
Srei Equipment Finance Private Limited
Srei Sahaj e-Village Limited
ZAO Srei Leasing
QUIPPO Infrastructure Equipment Limited
Srei Infrastructure Advisors Limited
SREI Operations:
Infrastructure financing
• The division provides financing for infrastructure projects such as bridges, approach roads, bypasses and roads, power projects, private berths and container handling jetties in the port sector. It also provides large-ticket equipment finance to oil rigs, cranes, railway wagons, mining equipment, airports, etc.
Infrastructure advisory
• Under this LoB, SREI undertakes project conceptualization, pre-feasibility studies, project monitoring, etc. SREI primarily partners with governments for such projects and hence, there is no slowdown evident yet in advisory business.
• Currently, SREI has 12-15 active projects with the various governments. The management has expressed that this stream is in the initial stage and expects it to become a steady performer by Q1FY10.
SREI-BNP Paribas Lease JV
• BNP infused Rs7.75bn towards its capital contribution for a 50% share in the JV. The JV had net worth of Rs8bn initially. BNP paid Rs8bn for the 50% stake in the JV, valuing the equipment finance business at Rs16bn.
The JV undertakes asset financing for smaller ticker size.
SREI Venture Capital
• It is a family of funds with a primary focus on infrastructure and caters to a wide network of third party investors such as PSU banks, financial institutions and insurance companies.
• Total funds under management are at Rs8.4bn.
SREI Sahaj e-Village
• As a part of the government’s e-governance initiative, SREI proposes to set up 24,755 kiosks across the states of West Bengal, Bihar, Uttar Pradesh, Tamil Nadu and Orissa. SREI partners with a local villager who manages the kiosk.
Quippo World
• Quippo was started as a rental business company in the construction equipment, oil & gas, telecom, energy space among other verticals.
• Under the telecom tower vertical, Quippo has developed a portfolio of 5,000 towers. It is currently setting up 200 towers every month, a pace which the management aims to accelerate to 300-500 towers in the near future.
• Quippo had acquired 1,000 towers from Spice and future-guaranteed rollout of 12,000 towers. It has entered into a strategic alliance with Tata Teleservices and merged Quipo Telecom Infrastructure (QTIL) – its tower arm. With Quippo bringing in all its 5,000 towers, the combined entity is estimated to have 18,000 towers and plans to expand to 50,000 towers over the next two years.
Financials:
52 Wk 173.00
52 Wk 22.30
Book Value 55.12
Face Value 10.00
CMP 35.45
A good buy for medium to long term.
SREI Venture Capital
• It is a family of funds with a primary focus on infrastructure and caters to a wide network of third party investors such as PSU banks, financial institutions and insurance companies.
• Total funds under management are at Rs8.4bn.
SREI Sahaj e-Village
• As a part of the government’s e-governance initiative, SREI proposes to set up 24,755 kiosks across the states of West Bengal, Bihar, Uttar Pradesh, Tamil Nadu and Orissa. SREI partners with a local villager who manages the kiosk.
Quippo World
• Quippo was started as a rental business company in the construction equipment, oil & gas, telecom, energy space among other verticals.
• Under the telecom tower vertical, Quippo has developed a portfolio of 5,000 towers. It is currently setting up 200 towers every month, a pace which the management aims to accelerate to 300-500 towers in the near future.
• Quippo had acquired 1,000 towers from Spice and future-guaranteed rollout of 12,000 towers. It has entered into a strategic alliance with Tata Teleservices and merged Quipo Telecom Infrastructure (QTIL) – its tower arm. With Quippo bringing in all its 5,000 towers, the combined entity is estimated to have 18,000 towers and plans to expand to 50,000 towers over the next two years.
Financials:
52 Wk 173.00
52 Wk 22.30
Book Value 55.12
Face Value 10.00
CMP 35.45
A good buy for medium to long term.
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