SREI EQUIPMENT FINANCE PVT .LTD.

(SEFPL)
Company was originally incorporated as Srei Infrastructure Development Limited (SIDL) on June13, 2006 as a wholly owned subsidiary of Srei Infrastructure Finance Limited (SIFL)

with an object of carrying, inter alia, the business of equipment financing and had obtained registration as a non deposit accepting Non-Banking Financial Institution vide registration number N-05.06694 dated June 12, 2007 from the Reserve Bank of India. Subsequent to change of name of the Company, it has obtained registration as a non-deposit accepting Non-Banking Financial Institution (under the classification Asset Finance Company) vide registration number N-05.06694 dated September 03, 2008 from the Reserve Bank of India. The name of SIDL was changed to Srei Infrastructure Development Finance Limited (SIDFL) and a fresh certificate of incorporation dated April 16, 2007 was obtained from the Registrar of Companies, Kolkata, West Bengal. Later, SIDFL was converted into a private limited company and the name of the Company was changed to Srei Infrastructure Development Finance Private Limited (SIDFPL) and a fresh certificate of incorporation dated September 28, 2007 was obtained from the Registrar of Companies, Kolkata, West Bengal. Subsequently, the name of the Company was once again changed to Srei Equipment Finance Private Limited (SEFPL) and a fresh certificate of incorporation dated May 30, 2008 was obtained from the Registrar of Companies, Kolkata, West Bengal. Srei Infrastructure Finance Limited (SIFL) is one of Indias leading private sector infrastructure equipment finance, project finance & project advisory and development Company and holds a significant market share in the equipment finance sector. In spite of being a leader player in infrastructure asset financing business, in order to realize the potential and opportunities existing in the infrastructure asset financing business and to become a major global player, the size of said equipment financing business of SIFL was required to be increased to a much larger scale. This was possible only with suitable participation and collaboration, including financial contribution, of a well established world leader in similar line of business having a global footprint. SIFL identified BNP Paribas Lease Group (BPLG), a wholly owned subsidiary of BNP Paribas S.A. of France and a well-established global leader in the equipment finance business having, inter alia, the largest market share in Europe with global balance sheet of Euro 20 Billion. BPLG has been in this business for 50 years and now has direct presence in Austria, Belgium, France, Germany, Hungary, India, Italy, Netherlands, Poland,

Portugal, Spain and the UK, and through BNP Paribas Group entities in Algeria, Greece, Morocco (BMCI Leasing), Turkey (TEB Leasing), Ukraine (ULC) and USA (Trinity Vendor Finance). SIFL entered into a strategic alliance on May 31, 2007 with BPLG, a European market leader specializing in asset financing for equipments. The Stock Exchanges accorded their approval to the Scheme of Arrangement in July, 2007. As per direction of the Honble Calcutta High Court, the Scheme of Arrangement was approved by equity shareholders of SIFL on August 27, 2007. In compliance of the Scheme of Arrangement passed by the Honble High Court, Kolkata in January, 2008, SIFL transferred its equipment finance business and insurance broking business as a going concern to SEFPL with effect from January 1, 2008. SEFPL is presently a 50:50 Joint Venture company between SIFL and BPLG. Both SIFL and BPLG have contributed their commitment of equity in SEFPL. SIFL has infused Rs. 25 crores as its share of equity and BPLG has infused the same amount for the balance 50% equity stake and Rs. 750 crores as share premium. SEFPL has a net worth of Rs. 86965 lacs as on December 31, 2008 (as per the unaudited financials). Post transfer of the business, SIFL is now focusing on its strategic equipment financing (i.e. equipments above Rs. 15 crores), project finance & project advisory and through its wholly owned subsidiaries in venture capital & investment banking business. SEFPL, the alliance of SIFL and BPLG, will be benefited from the local skills, knowledge, established base and expertise of SIFL coupled with the global skills, expertise and experience of BPLG. The JV will also have the benefit of the SREI and BPLG brand and corporate names of SIFL and BPLG respectively on the basis of a license to use the same on mutually agreed terms. The JV will have the benefit of financial strength enabling lower cost of fund as well as strong relationship with first-class and reputed international and domestic construction and mining equipment manufacturers. The alliance in SEFPL will also benefit from the long-standing expertise of the BPLG in various sectors including Agriculture, Materials handling, Medical, IT, Office Equipment etc.

Srei Infrastructure Finance Limited

Srei Infrastructure Finance Limited (SIFL), the flagship company of Srei Group, is one of Indias leading private sector infrastructure equipment finance, project finance & project advisory and development Company and holds a substantial market share in the equipment finance sector. SIFL was originally incorporated as Shri Radha Krishna Export Industries Limited, on 29th March, 1985. The Company obtained the certificate of commencement of business on 9th April, 1985. The Companys name was changed to Srei International Limited on 29th May, 1992 in order to reflect its focus on planned activities and other businesses and further changed to Srei International Finance Limited w.e.f. 12th April, 1994 to reflect the focus on financial services. The name of the Company was again changed to Srei Infrastructure Finance Ltd. in August 2004.

BNP PARIBAS LEASE GROUP

BNP Paribas Lease Group (BPLG) is a wholly owned subsidiary of BNP Paribas S.A. of France and is a well-established global leader in the equipment finance business having, inter alia, the largest market share in Europe with global balance sheet of Euro 20 Billion. BPLG has been in equipment finance business for 50 years and has direct presence in Austria, Belgium, France, Germany, Hungary, India, Italy, Netherlands, Poland, Portugal, Spain and the UK, and also has presence through BNP Paribas Group entities in Algeria, Greece, Morocco (BMCI Leasing), Turkey (TEB Leasing), Ukraine (ULC) and USA (Trinity Vendor Finance).

SREIs Business Areas

o Infrastructure Finance: This division is engaged in leasing and hire purchases of infrastructure, construction equipment and machines to various construction companies and small and medium scale enterprises engaged in civil and mechanical construction. This division also provides asset insurance services, equipment rental, deposit and maintenance services and asset valuation and disposal services

o Infrastructure Project: This division of company finances various development projects such as bridges, approach roads, bypasses and roads, independent power projects etc. o Advisory Services: This division of company provides project advisory, investment banking and insurance services

SREI Credit Strengths

o Superior market and product knowledge and strong customer base helps the company in credit risk assessment and recoveries to maintain credit losses at low level. Integrated value chain gives SREI an option to deploy/dispose of the repossessed assets to reduce the severity of losses. o It has well entrenched Pan India and a buoyant market to ensure ample business volumes for the company at higher yields. o It has well spread geographical disbursements across the four regions over India o It has a track record in reporting superior earnings on the strength of securitization income and low credit losses.

Vision:
To be the most inspiring global holistic infrastructure institution.

Mission:
To be an Indian multinational company providing innovative integrated infrastructure solutions.

Core values:
Customer partnership: At Srei, customer satisfaction is the benchmark for success. Srei delights its customers through a comprehensive range of personalized, fast, reliable, convenient, quality driven and yet cost-effective financial services. Integrity: Business integrity is a way of life at Srei; it stands by integrity in all its dealings and ensures strict adherence to the highest standards of business ethics. Passion for excellence: Srei passion excellence is instrumental in positioning it as Indias most innovative infrastructure solution provider. Respect for people: Srei acknowledges the fact that its people are its most valuable assets and accordingly provides them with the best possible work environment and treats them like family members. The Company rewards excellence and initiative. Stakeholder value enhancement: Srei is committed to earning the trust and confidence of all its stakeholders. Its growth focus, the ability to constantly enlarge its product basket while controlling risk and reducing cost of services resulted in enhanced value for its stakeholders. Professional entrepreneurship: Sreis in-depth knowledge of the infrastructure financing business in India, coupled with its spirit of entrepreneurship, helps it overcome obstacles and complexities with professional expertise.