Srei Equipment Finance to offer SBI Life's loan cover to its borrowers ...

About Srei Equipment Finance Private Limited
Srei Equipment Finance Private Limited (SEFPL) is a 50:50 joint-venture between Srei
Infrastructure Finance Ltd., India’s leading and only private sector Non Banking Financial
Institutions in the infrastructure space and BNP Paribas Lease Group (BPLG), a wholly
owned subsidiary of BNP Paribas, France.
SEFPL started its operation from January 01, 2008 with the equipment financing and
equipment insurance businesses and has further plans to expand its business to new
verticals such as agriculture equipment, medical equipment, information technology and
other equipment classes. SEFPL enjoys a strong national presence with a network of 63
offices in India.
The parent Company of SEFPL, Srei Infrastructure Finance Limited is a Holistic
Infrastructure Institution, constantly and consistently ideating to deliver innovative
solutions in infrastructure space, thus playing a significant role in nation-building for
over two decades, both in urban and rural India. Srei’s businesses include
Infrastructure Equipment Leasing & Finance, Infrastructure Project Finance,
Advisory & Development, Insurance Broking, Venture Capital, Capital Market and
Sahaj e-Village. Srei has a pan-India presence with a network of 63 offices and has
also replicated its business model overseas with three offices in Russia. Srei is the
first Indian infrastructure financing institution to get listed on the London Stock
Exchange. Srei Equipment Finance Pvt. Ltd., a joint venture between Srei Infrastructure
and BNP Paribas Lease Group, a wholly owned subsidiary of BNP Paribas, is a Srei
Group company engaged in Infrastructure Equipment Leasing and Financing Business.
Leveraging on the global expertise of the BPLG and Srei in infrastructure equipment
leasing and financing market, SEFPL plans to capitalise on the burgeoning opportunities
in infrastructure equipment market expected to touch USD 7.0 - 7.5 bn by FY 2009-10 in
India.
Srei's strong brand image domestically, local expertise and specialized equipment
finance skills is expected to combine well with the global brand strengths of BPLG
further consolidate Srei's leadership in the equipment finance business.
About SBI Life Insurance Co. Ltd
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas
Assurance. .SBI owns 74% of the total capital and BNP Paribas Assurance the
remaining 26%. SBI Life Insurance has an authorized capital of Rs. 2,000 crore and a
paid up capital of Rs 1,000 crore. State Bank of India enjoys the largest banking
franchise in India. Along with its 7 Associate Banks, State Bank Group has the
unrivalled strength of over 14,500 branches across the country, arguably the largest in
the world. BNP Paribas is the 1 st largest French company and ranks 5 th in the banking
industry worldwide, 1 st bank in Euro Zone as per Global 2000 Forbes’ 2008. It is 6 th
most valuable international banking brand as per Brand Finance 2008.