Investor: BNP Paribas
Investment Value: $180 mn
Subhash Mohanti, Vice President, Communications
& Brand Development, SREI Infrastructure Finance, comments to 4Ps B&M, “The infrastructure sector in India is growing at a phenomenal pace and will require huge financial resources to maintain the tempo. With the government’s focus increasingly switching to the PPP mode, where more and more funding of projects will have to come from private routes, the obvious need is to increase the avenues of funds, and that too at competitive rates. Our association with BNP Paribas will help us access more funds at relatively cheaper rates, which will not only improve our strike rate in the infrastructure sector, but improve working margins as well. Also, the association will give us access to better systems.”
SREI Infrastructure was formed through a JV with BNP Paribas Lease Group (BPLG), which is a wholly-owned subsidiary of the French bank. The deal envisages a 50:50 partnership in a new JV, whereby BPLG will bring in Rs.775 crore, of which Rs.375 crores will be utilised towards acquisition of a 50% equity in the new JV. The remaining Rs.400 crores will form the value of the businesses that will be transferred from SREI Infrastructure Finance to the new JV. Also, the entire asset finance division of SREI will get transferred to the new company, which will be held jointly by SREI. The new joint venture will merge the existing insurance businesses of SREI, currently operated under SREI Insurance Limited, a wholly owned subsidiary of SREI. The parent SREI will continue to engage in equipment finance. Assets of Rs.15 crores and more will be done by SREI, while those below the Rs.15 crores mark will be done by the new JV with BNP Paribas. This apart, SREI has and will continue its foray strongly in infrastructure project advisory.
Investment Value: $180 mn
Subhash Mohanti, Vice President, Communications
& Brand Development, SREI Infrastructure Finance, comments to 4Ps B&M, “The infrastructure sector in India is growing at a phenomenal pace and will require huge financial resources to maintain the tempo. With the government’s focus increasingly switching to the PPP mode, where more and more funding of projects will have to come from private routes, the obvious need is to increase the avenues of funds, and that too at competitive rates. Our association with BNP Paribas will help us access more funds at relatively cheaper rates, which will not only improve our strike rate in the infrastructure sector, but improve working margins as well. Also, the association will give us access to better systems.”SREI Infrastructure was formed through a JV with BNP Paribas Lease Group (BPLG), which is a wholly-owned subsidiary of the French bank. The deal envisages a 50:50 partnership in a new JV, whereby BPLG will bring in Rs.775 crore, of which Rs.375 crores will be utilised towards acquisition of a 50% equity in the new JV. The remaining Rs.400 crores will form the value of the businesses that will be transferred from SREI Infrastructure Finance to the new JV. Also, the entire asset finance division of SREI will get transferred to the new company, which will be held jointly by SREI. The new joint venture will merge the existing insurance businesses of SREI, currently operated under SREI Insurance Limited, a wholly owned subsidiary of SREI. The parent SREI will continue to engage in equipment finance. Assets of Rs.15 crores and more will be done by SREI, while those below the Rs.15 crores mark will be done by the new JV with BNP Paribas. This apart, SREI has and will continue its foray strongly in infrastructure project advisory.
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rope-a-dope than aggressive sell. Then, late last year, Sony rolled out a series of aggressive television ads that elegantly tied together Sony Blu-ray content with the players - Lance Ulanoff
Ernst & Young, KPMG). “We have no ambitions of wanting to be a part of that group. Our focus is quite different from the focus of those firms, which is to be the auditors of the top 1000 companies. Our focus is to concentrate on the mid-market segment,” explains Chandiok. Besides, GT’s focus clearly remains on privately-held businesses or promoter driven companies, where the promoters require solutions; it could be listed, it could be unlisted, very large firms, generally where promoters are actively involved in the management and where the requirement stems beyond merely the compliance requirement of audit. This is in stark contrast to other accounting firms that are present through the length and breadth of the industry. “Whatever market we specialise in, we remain the leading firm. So, if in India our key focus areas are technology, real estate and healthcare, we are the clear leader in real estate,” Chandiok points out.
offer on February 1, 2008) and proposes to raise Rs.7000 crores from the market. To create a buzz around its corporate image, the realty major has been promoting itself aggressively by sponsoring cricket tournaments (starting with the T-20 World Cup), billboards and sundry TV spots. Even companies peddling average sized IPOs – like that of infrastructure firm IRB, which proposes to raise Rs.11 billion from its IPO opening on 31st January 2008 – are investing big money in their marketing communications. Result: more retail investors are being drawn irrevocably toward the primary market and enquiries for opening new accounts have increased significantly. A middle level sales manager at ShareKhan on the condition of anonymity reveals: “On an average, we are opening 10-15% more accounts than our usual number of openings per month and more than 80% of these new accounts apply in IPOs.”
and are not satisfied easily. We constantly innovate and strive to better ourselves each time, besides being very conscious about our brand value, which translates into quality, durability and reliability. For us ‘the’ customer is very important and therefore we always try to give him the best. We constantly track evolving customer’s preferences, trends and expectations by identifying need gaps. We therefore represent perfection because Toyota continuously strives to give its customers the ‘coveted ownership experience’ that they expect from us.
clear vision. He has an excellent ability at being able to execute that vision into a plan and then implement the plan. He is very determined to achieve his goals and objectives and that determination is the secret behind the success that he has attained so far. He is also a man with a very clear perspective and his clarity of thoughts is also a factor behind his success. He has a very good management style. He carries his whole team with him. He motivates them and involves them and gets them to achieve the goals and that’s what gives him better success.
despite strong criticism, went strong for a long time. Upon his return, he was awarded a Certificate of Appreciation from his city and a ‘South King County Sanjaya Malakar Day’ was declared too! Many would believe that Shilpa Shetty came out tops at UK’s Big Brother show thanks to the support she received after she faced racist bullying. The first Indian Idol season saw a painter, without any training in singing, among the top five, simply because of his loyal fans. And the nerve-wracking final of this season did seem more like a contest between Nepal and Meghalaya than between Prashant Tamang and Amit Paul! Comments a media planner from Mumbai, “As the success of reality shows depends on how many votes are received, they do all it takes to increase involvement, emphasising on a contestant’s pitiable background or community background.”
company and its USPs to this magazine. Quiz him about the most important management practice in his organisation, and pat comes the reply, “A policy of transparency, open culture & empowerment.” With attributes like these, and that too in the dynamic and fast-paced world of IT services, small surprise that Prithvi Information Solutions has become one of the leading technology solution providers in just nine years of its existance.
private beta and released as a public beta in February 2007. Pros for Gmail include no version sunsets and new features are managed by Google, and, although an e-mail client may be used on one’s own computer with Gmail, only a web browser is required.
seemed to have taken note of a new creative sensibility that ignited the JWT persona. The processes and systems are falling in place and this change is in the process of impacting the culture of the organisation. Once that happens, it will be a kind of template and JWT will no longer be adversely effected by people coming or going. At a personal level, I actually got down to writing again! Be it the Lead India campaigns, working closely with JWT branches across the country or the Vegetarian Society of India…