Srei Equipment Finance Expects Business of Rs 500 Crore from EXCON 2015

By 121 News

Chandigarh 21^st December:- Srei Equipment Finance Limited (Srei BNP Paribas), a 50:50 joint venture between Srei Infrastructure Finance Limited ("SIFL") and BNP Paribas Lease Group ("BPLG"), expects its business from the recently concluded EXCON 2015 to cross the Rs 500 crore-mark.

The company, one of the largest equipment financiers and equipment solution providers in the country, is the pioneer in providing leasing solutions to the construction and mining equipment industry. The company operates across a wide spectrum of asset finance business which includes Construction & Mining Equipment, IT Infra Equipment, Healthcare Equipment, Farm Equipment and Pre-owned Construction Equipment. In the leasing segment, the assets given under lease include earth moving, infrastructure equipment, windmills, aircraft, IT equipment, etc.

EXCON, an international construction equipment and construction technology trade fair, is a bi-annual event organised by the Confederation of India Industry (CII). EXCON 2015 was held during November 25-29, 2015 at Bengaluru. EXCON is the largest event for construction equipment in South Asia and this year's edition showcased more than 800 exhibitors.

Devendra Kumar Vyas,CEO,Srei Equipment Finance, said that EXCON 2015 has exceeded our expectation. We were hopeful that this event would lift up the spirit of the infrastructure equipment sector, which has gone through a challenging phase in the last 2-3 years, and will be a growth catalyst for equipment demand in the near future. He further said that for this edition of EXCON, we had tied up with more than 20 reputed global equipment manufacturers and came up with a lot of exciting schemes for our customers at the event. He added that we are enthused with the response. We organised 'Smart Auctions' for our customers at the event, which included a unique auction of rentals where we leased out select equipment to our customers at monthly rentals which were decided by bidding. This innovative offering is probably the first in the industry.