Srei Infrastructure Finance, BNP Paribas to pump in additional Rs 200 crore in JV

Srei Infrastructure Finance will pump in additional Rs 200 crore in its joint venture (JV) company Srei Equipment Finance in order to expand business. The company will invest the amount along with BNP Paribas who also holds equal stake in Srei Equipment Finance.  The fresh investment will take the net worth of Srei Equipment Finance to over Rs 1,660 crore.

Srei Equipment Finance is into equipment financing in the infrastructure, agriculture, medical, information and technology space. Last year the disbursement stood at Rs 12,710 crore and it is expected to grow by 10 to 15% this year. The asset under management was over Rs 18,492 crore as of June this year.

Srei Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village. The company has been financing in the infrastructure sector for the last 22 years and has a customer base of over 30,000 all over the country.