Srei Equipment Finance funding the deal
Kamaz Vectra Motors Ltd. (KVML) has bagged a contract for 100 tippers of the Kamaz 6540 model in a single deal from Zam Engg & Logistics Private Ltd. funded by Srei Equipment Finance through operating lease (OL). Zam Engg will use these tippers for operation at Krishnapatnam Port Company Ltd.
Kamaz, which enjoys 50 per cent Russian market share in infrastructure equipment, has been active in the Indian market since 2009-10. It has its plant at Hosur, Bangalore, through which it caters to the local market, besides exporting equipment to the South-East Asian region.
Mr. Alexey Agibalov, CEO, Kamaz Vectra Motors Ltd., said: “We are delighted with our association with Zam Engg & Logistics Private Ltd. as they are the leading KPCL contractors and logistics solution providers in south-eastern costal region. We are committed to supporting our customers and to optimising their total cost of ownership through higher uptime of vehicle”.
KVML had excellent sales growth despite slowdown in the Indian CV industry and has also started exporting to South-East Asia through its Hosur plant.
Mr. Rahul Sonawane, General Manager – Sales & Marketing, KMVL, Mr. Raja Singh, Head Marketing, SREI Fianance, and Mr. Manoj Joshi, PAPL Director, (Kamaz dealer), were also present at the signing of contract.
Mr. Zafar Hosain, Managing Director, ZAM Engg & Logistics Private Ltd., said, “we are extremely upbeat about the agreement with Kamaz and are looking forward to long-term partnership with them”.
Mr. D.K. Vyas, Chief Executive Officer, Srei Equipment Finance Private Ltd., said: “At Srei Equipment Finance, we believe in partnering our customers and manufacturer partners. We have been financing and leasing equipment to the sector for over two decades now, and have substantial interest to see that this sector prospers and are optimistic about the future. We look forward to a long partnership with Kamaz and ZAM Engg & Logistics”.
Srei Equipment, a pioneer in offering leasing for equipment in India, is providing finance to its customer, Zam Engg, on operating lease for 100 tippers. As raising capital to invest in asset creation is a little difficult now, Srei Equipment Finance’s operating lease model has emerged as a practical alternative, an ‘off balance sheet financing’ for many companies, allowing them to manage their working capital by spreading payments over the life of the asset and enabling them to use the equipment without having to worry about considerations linked to ownership.
Srei Equipment Finance Private Ltd. is a 50:50 joint venture between Srei Infrastructure Finance Ltd., a leading private sector non-banking financial institution in the infrastructure space, and BNP Paribas, France. Srei Equipment Finance is benefitting a lot from the Indian expertise and network of Srei and global leasing insight in diverse product classes of BNP Paribas.
With over 30 per cent market share and a client base of over 28,000, Srei Equipment Finance is the industry leader in infrastructure and construction equipment financing. The company has been successfully catering to the equipment finance requirements of varied industry verticals during its 23-year career.
It has deep insight on the diverse equipment used in the infrastructure and construction sector having partnered with almost all construction equipment manufacturers thereby ensuring that the customers get the best deal. As the largest construction equipment financier, it finances almost all kinds of construction equipment and is considered a pioneer in financing the largest range of imported sophisticated equipment for infrastructure, construction and mining industry.
Over the years, Srei Equipment Finance has been innovating new marketing programmes like Paison Ki Nilami, Srei Equipment Finance Private Ltd. Partnership Week (SPW) and Khul Ja Sim Sim to bring together the manufacturers and customers on a single platform, creating immense value and sharing this value with all stakeholders.
Furthering its expertise in infrastructure equipment financing, Srei Equipment Finance Private Ltd. is now financing new equipment classes: technology solutions (IT equipment, software and services), healthcare, office automation and education sector equipment. With its foray into new equipment classes, it has become probably the one and only company in India to offer complete equipment solutions.
With an asset under management of over Rs. 18,500 crores, Srei Equipment Finance has grown from strength to strength enjoying a strong national presence with a network of over 85 offices across India.