Summer 2017 Issue
Srei completed the sale of Viom Networks (Viom) to American Tower Corporation (ATC) in one of the largest foreign direct investments in the Indian telecommunications sector. Launched in 2006, Bharat Road Network (BRNL) is another startling Srei initiative. It is one of India’s leading infrastructure companies in the BOT sector with an execution experience of fourteen road projects worth Rs 12,750 crore across 5,400 lane kilometres. BRNL is currently managing a well-diversified BOT asset portfolio of close to 2,450 lane kilometres of highways with a total capital cost of over Rs 7,900 crore which are completed or under implementation in consortium with reputed domestic and acclaimed international partners under the public private partnership (PPP) framework. Amongst the other noteworthy deals, Srei was one of the few lenders to recover loans from Kingfisher Airlines. Srei has also partnered Veolia, a global leader in water treatment, through its initiative Swach Environment Private. Swach was incorporated in 2011 to undertake domestic and international business in the field of environment management. It offers a complete range of services in the field of: [a] water, [b] waste water, [c] solid waste management, and [d] recycling sectors. Also, Srei has not been content with building infrastructure only and has been making constant efforts to ensure that the development is not restricted to urban centres alone. Sahaj-e-Village (an initiative of Srei) has bridged the digital divide between urban and rural India. It has created the country’s largest integrated rural network of common services centres, and expanded its footprint to 23 states and union territories. Sahaj has over 65,185 technology backed centres in villages where the population is less than 10,000. The initiative underscores Srei’s belief in being the driving force for entrepreneurs. The Sahaj common service centres have helped many entrepreneurs come up at the village level.
“The company is now present in almost all segments of infrastructure sector and is one of India’s largest private sector integrated infrastructure institutions.”
with Srei in 2008, and created Srei Equipment Finance (SEFL), in the business of leasing and financing construction equipment. In 2015, Srei announced a share swap deal with BPLG, consolidating its 100% shareholding in the joint venture. Today, SEFL finances every third construction and mining equipment sold in the country. In 2009, Srei’s initiative Quippo, joined hands with Tata Teleservices to create Viom Networks – the largest independent telecommunications infrastructure company in India, accounting for 11% of all the telecom towers in India. In 2016, CFI.co | Capital Finance International
Srei’s bouquet of services and value proposition towards its customers and partners is much beyond finance. The company now acts as a catalyst for national transformation, instead of just being a beneficiary of economic growth. With a customer base of more than 77,000 and over Rs 37,683 crore of consolidated assets under management, Srei is one of the most powerful players in the infrastructure segment. Srei has an edge over others in the infrastructure sector as it is the only institution that offers all possible infrastructure related services under one roof. The company aims to consolidate its leadership position and keep on introducing new products that suit the Indian infrastructure market. For Srei, it is all about moving ever forward. i 183