List Of Construction Equipment Finance Companies In India

  • 2020/05/06 16:40:31
List Of Construction Equipment Finance Companies In India

Top Construction Equipment & Commercial Vehicle Finance Company

In India, there are many financiers available at respective places. They dominate in their area but some of the financiers having all India Presences & create a very good presence in India. 

Some of the Top Construction Equipment/Commercial Vehicle Financier is below:-

1. SREI Equipment Finance Private Limited (SEFL)

SERI Equipment finance has emerged as a market leader financier in Equipment & vehicle segment especially. It’s a SERI Venture Company. They are well known among the customers in all kinds of segment First-time buyers, Fleet Owners, Small Contractors & large corporate. SERI Finance serves Construction Industry from more than 25 Years at 1000 locations in Pan India.

Corporate Office: Olisa House. 4, Govt. Place (north), 7th Floor, Kolkata 700 001,

Ph: +91-9230780828 +91-92307808274.

2. Sundaram Finance Limited.

Sundaram Finance limited another leading financier for the Commercial & Heavy Equipment Industry. The company was promoted by Madras Motor Insurance Company, a Part of the reputed TVS Group. The company does financing to fleet, commercial, construction, farm, Car, tyre. Sundaram Finance is a leader in hire – purchase business.   

Regd. Office: 21, Patullos Road, Chennai – 600002,

Ph: +91 44 2852 1181, Fax: +91 44 2858 6641, E-mail: [email protected] 

3. HDB Financial Services

HDB Financial Services is a subsidiary company of HDFC Bank. HDBFC is an NBFC (Non-Banking Financial Company) that caters large chunk of Products from the retail loan, credit card to commercial & corporate loan for every segment. HDBFC is accredited from CARE & CRISIL A1+ rating for their long-term debt. The company is known for its fast loan disbursement process. They span their business in 22 States & more than 1000 branches are working under HDBFC.

Corporate Office: HDB Financial Services 2nd Floor, Process House, Kamala Mills, Senapati Bapat Marg, Lower Parel. Mumbai

E-mail: [email protected], Website – www.hdbfs.com

4. Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment & Finance Company is the arm of the Murugappa Group of Companies. Chola operates from 703 branches with AUM INR 35000 Cr. Chola also a national level financier offers Agri & Rural loan, SME Loan along with Commercial & Construction Equipment loan.

Corporate Office – Dare House, 1st Floor, No.2, N.S.C. Bose Road, Parrys, Chennai – 600001

Toll-free Number – 1800-200-4565, Email – [email protected]

 5. Magma Fincorp Ltd

Magma Fincorp Ltd formally started with name Magma leasing limited they started their business with corporate financing later they came into retail construction & commercial vehicle financing. It operates in 22 States with 280 branches in India. Magma offer Used & New Equipment Finance Facility.  

Corporate Office, Magma House, 24 Park Street, Kolkata, West Bengal, 700016,

Email Id – [email protected] , Call us at toll free: 1800 3002 3202 Website – www.magma.co.in

6. HDFC Bank

HDFC Bank is the leading financier among all banks in Construction & Commercial Vehicle Finance. They offer a loan on a wide variety of equipment like any other NBFC.

HDFC bank not only equipment finance they also offer the CC, BG, and Working Capital to dealers, rental companies, the individual user also.  They finance mostly all big brands in all range of Equipment.

Corporate Office – HDFC Bank House, 1st Floor,C.S.No.6/242, Senapati Bapat Marg, Lower Parel,

Mumbai – 400 013. Website – www.hdfcbank.com

 7. Reliance Commercial Finance

Reliance commercial finance is part of reliance capital & operates at 80 locations in pan India. Reliance Capital has AUM of 15,157 Cr.  As of March 2016. Their product comprises vehicle loans, construction equipment loans, agriculture loans, microfinance loans, expansion loans.

Corporate Office – Reliance Centre, 6th Floor, South Wing, Off Western Express Highway, Santacruz East Mumbai,

Email: [email protected], Phone:  022-39484900, 044-30787400

8. Tata Capital Financial Services Limited

Tata Capital is one of the fastest-growing finance companies in India. Tata Capital Limited incorporates in 2007 & in 10 years they are servicing by 100 branches & still counting. Construction Equipment & Commercial Vehicle finance is one of the segments out of the financing activities. Tata Capital also creates its market share in construction & commercial vehicle Segment.  

Corporate Office – One Forbes, Dr. V.B. Gandhi Marg Fort, Mumbai 400 001, India

Telephone: +91 22 6745 9000, Email:[email protected]

9. Aditya Birla Finance Limited

One Indiabulls Centre, Tower 1, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013

Call: +91 22 4356 7000 / 8000 / 9000 Email: [email protected]

10. Volvo Financial Services (India) Private Limited

Volvo Financial service provides a full range of financial services for trucks, construction equipment, bus, and marine industries. 2001 Volvo financial service formed to provide the funding service to Volvo client. The company employs over 1800 employees worldwide and provides customer financing and insurance service in more than 50 countries.

65/2  Block A  5th Floor  Parin Building, Bagmane Tech Park, CV Raman Nagar, Bangalore- 560093, Karnataka, India

Tel: 1800 4190 700, Email: [email protected]

11. Hinduja Leyland Finance Ltd

Hinduja group has 3 major firms of financial services. Indusind Bank. Hinduja Leyland Finance, Hinduja Bank (Switzerland). Hinduja Leyland finance focuses on the urban and semi-urban customer-centric market in India. Majorly company finances the Ashok Leyland truck and bus customers. HLF incorporated in November 2008. Focused business is used vehicles or used construction equipment. These include medium and heavy commercial vehicles, light commercial vehicles, Small Commercial vehicles, three-wheeler, and two-wheeler.

Corporate Office: No. 27 A Developed Industrial Estate, Guindy , Chennai – 600032, Tamilnadu,India

Customer Care: 044-39252525, Email: [email protected] 

12. Yes Bank

Yes bank is a full financial service provider firm. Construction equipment financing is one of the services out of many services they serve to their customers. Construction equipment business not the major pointed business for them. mostly there focus on the banking transaction. CE business is just to maintain the relation with the customer. Their customer segment also very niche as compare to any NBFC company.

Nehru Center, 9th floor, Discovery of India, Dr. A.b. Road, Worli, Mumbai – 400 018, India. Email: [email protected]

13. Mahindra & Mahindra Financial Services Limited

4th Floor, Mahindra Towers, Dr. G.M. Bhosale Marg, P.K. Kurne Chowk, Worli, Mumbai, Maharashtra – 400 018,

Tel: 022- 6652 6000

14. Citicorp Finance(India)Limited

First International Financial Centre (FIFC), 8th Floor Plot Nos. C-54 & C-55, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051

These are the above-listed construction equipment finance companies that fund the construction Industry. Without these companies rarely a market for construction equipment. 95% of Equipment is sold are funded by the bank or any other NBFC companies. Not only the construction equipment even medical, plants and hospital equipment are also funded by this NBFC.

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