Shriram Equipment Finance Co. Ltd. is a wholly owned subsidiary of Shriram Transport Finance Co. Ltd., one of the nonbanking financial companies (NBFCs) in India with assets under management in excess of Rs. 420 billion. Shriram Equipment Finance, which has started operations in October 2010, has already attained prominent position in construction equipment finance space in the country.     The company provides finance to contractors, subcontractors, mine owners and operators, plant hirers and others involved in India’s infrastructure sector which includes roads contractors, irrigation contractors, mining owners and operators, mining owners and operators, quarry owners/operators, ports contractors, airport contractors, and urban infrastructure contractors/builders.
With its focused approach, Shriram Equipment Finance brings pronounced advantages for customers and manufacturers:
Fastest deal turnaround timeShriram Equipment Finance has simplified deal-processing system aided with latest technology support to provide shortest turnaround time. The financing company concludes finance and due diligence aspects of deal within time that is 50 per cent of industry average TAT.
Wide distribution across IndiaLeveraging Shriram Transport’s presence in more than 550 branches, SEFC has manned its operations at 150 locations and covered the entire country. This distribution network is one of the most extensive ones among the NBFCs and banks operating in construction equipment finance industry in India.
Superior product offeringWith the superior industry understanding and underwriting skills, Shriram Equipment Finance has evolved products in terms of asset selection, loan-to-value, tenor and other flexible finance terms which are by far the best in the industry.Shriram Equipment Finance offers a variety of financial products to meet the requirement of the clients, manufacturers and dealers in construction equipment industry. Its key products include new equipment loans, used-equipment purchase finance, refinance on existing asset for working capital needs, dealer trade advance, top up loans, and imported equipment finance.