Founded in 1989, Srei Infrastructure Finance Limited was a pioneer in infrastructure financing in India. For over three decades, the company played a significant role in funding projects across various sectors, including power, roads, telecom, and ports, as well as providing financing for construction and mining equipment. However, the company faced severe financial distress, leading to defaults on its debt obligations. In October 2021, the Reserve Bank of India (RBI) superseded the company's board due to governance concerns and payment defaults and initiated insolvency proceedings. In August 2023, the National Company Law Tribunal (NCLT) approved the resolution plan submitted by the National Asset Reconstruction Company Ltd (NARCL) to acquire Srei Infrastructure Finance and its subsidiary, Srei Equipment Finance.

Founded in

India