Srei Infrastructure Finance Limited was an Indian infrastructure finance company. Founded in 1985 by Hemant Kanoria and Sunil Kanoria, its core business revolved around financing infrastructure projects, primarily in the power, roads, telecom, oil & gas, and ports sectors. The company operated as a non-banking financial institution (NBFC).
Srei provided a range of financial products and services including project finance, equipment finance, infrastructure development, and advisory services. A significant part of their portfolio was focused on equipment financing, providing loans and leases for construction equipment and other assets essential for infrastructure development. They aimed to facilitate the growth of infrastructure in India by providing crucial financial support to various projects and businesses involved in infrastructure development.
The company had two primary subsidiaries: Srei Equipment Finance Limited (SEFL), focusing on equipment finance, and Srei Multiple Asset Investment Trust (SMAIT), an asset reconstruction company. SEFL was particularly prominent in the construction equipment finance space.
However, Srei faced significant financial challenges in recent years. Mounting debt and asset-liability mismatches ultimately led to a severe liquidity crisis. The Reserve Bank of India (RBI) initiated insolvency proceedings against Srei Infrastructure Finance Limited and Srei Equipment Finance Limited in October 2021. This marked a major turning point for the company, signifying the culmination of years of financial distress.
The insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) were initiated to find a resolution for the company’s debts. An administrator was appointed to manage the affairs of Srei during the insolvency process. The resolution process aimed to either revive the company through a restructuring plan or liquidate its assets to repay creditors.
As of late 2023, the resolution process for Srei remains ongoing. Multiple bidders have expressed interest in acquiring the company’s assets or submitting resolution plans. The outcome of the resolution process will determine the future of Srei and the recovery prospects for its creditors, which include banks and other financial institutions. The case serves as a significant example of the challenges and complexities faced by infrastructure finance companies in India, particularly when dealing with long-term projects and volatile economic conditions.
400×567 srei infrastructure finance limited spa capital services from www.yumpu.com 
400×516 srei equipment finance private limited bombay stock exchange from www.yumpu.com 
474×113 srei infrastructure finance infrastructure financing india from www.srei.com 
532×400 srei template srei infrastructure finance limited from www.yumpu.com 
603×433 contact srei infrastructure finance limited from www.srei.com 
1483×600 srei infrastructure finance logo transparent png format from companieslogo.com 
548×365 srei infrastructure finance india global centre healthy from www.globalhealthyworkplace.org 
663×526 srei infrastructure finance vishal mahaveer kashyap from explicitcontent.in 
600×912 srei rbi supersedes boards srei infra finance srei equipment from timesofindia.indiatimes.com 
180×180 srei infra finance share price today srei infra finance stock price from groww.in 
1280×720 update srei infrastructure finance srei equipment finance from reorg.com 
794×1126 lacp vision awards annual report competition srei equipment from www.lacp.com 
900×506 srei infrastructure finance care ratings revises ratings srei from www.telegraphindia.com 
1352×741 srei infrastructure finance stock opportunities valuepickr forum from forum.valuepickr.com 
512×288 srei equipment finance limited prayagraj top accounting services from www.joonsquare.com 
1207×617 srei equipment finance ncd aprilmay invest from www.apnaplan.com 
768×416 srei infrastructure finance limited ncd apr from www.apnaplan.com 
1181×1606 srei equipment finance limited construction architecture magazine from constructionnarchitecture.com 
453×640 ire srei infrastructure finance limited from www.yumpu.com 
600×450 srei equipment finance limited ncd srei equipment ncd from investorzone.in 
1187×445 srei infrastructure finance ncd april review from www.apnaplan.com 
298×386 fillable srei infrastructure finance ltdinfrastructure financing from www.pdffiller.com 
1200×800 explained rbi srei infrastructure finance from swarajyamag.com 
1280×720 srei infrastructure shelves equipment finance ipo from www.dnaindia.com 
1349×445 srei equipment finance limited from www.motilaloswal.com 
1200×765 srei group receives resolution plans bfsi news bfsi from bfsi.economictimes.indiatimes.com 