Monday, October 22, 2007

As an integrated service provider, SREI has made a niche for itself. But times do change...

In 1996-97, HEMANT KANORIA, VICE CHAIRMAN & MDproject financing kicked off for SREI. “We started off with financing of roads, power, ports & providing them debt from our balance sheet...” affirms Hemant Kanoria, Vice Chairman & MD, SREI. In 1999, the company expanded into financing of solar equipments in rural areas for home-lighting system, water-pumping system, solar lanterns & then into water-heating systems as well. Moving ahead, they also got into micro financing. And what about the competition? A confident Kanoria defends, “With the market growing at 40- 50%, there’s bound to be competition. Moreover, we command 30% of the market share...”
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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative