SREI Infrastructure Finance Ltd (SREI IFL) is one of India's leading Non Banking Financial Institutions (NBFI) and the only private sector infrastructure financing NBFI. The Company was incorporated on 29th March 1985 and now it is expertise in financing of infrastructure equipment (for construction, mining, oil & gas, power and others), infrastructure projects, infrastructure development and advisory in all verticals of infrastructure. In addition to infrastructure, it also offers a bouquet of allied financial services like capital market services, insurance broking and venture capital. Over the years, SREI IFL enjoys a strong national presence with a network of 63 offices and has expanded its unique business model internationally. It has three offices in Russia and is in the process of replicating the model in many other countries. The Company commenced its operations in the year 1989 with the objective of actively participating in nation building process and was visionary in selecting Infrastructure sector as its principal growth area. The public issue of the company was made during the year 1992. SREI IFL had obtained Category-I merchant banker status from Securities and Exchange Board of India (SEBI) on 15th February of the year 1994 and hence, the company's business portfolio was widened to include merchant banking and investment banking. During the year 1995, the company extended leasing and hire purchase facilities for the equipment of leading companies like Larsen & Toubro Ltd, Telco, Bharat Earthmovers Ltd, Hindustan Motors Ltd and Tractors India Ltd. etc. IFC, FMO and DEG invested as strategic equity partners in the year of 1997 and in 1998, SREI had received an in-principle approval for a Full Fledged Money Changers Licence for New Delhi from the Reserve Bank of India. During the year 2000, the company had entered into collaboration with Citicorp Service to market Visa Travel Money cards under its own brand name and also in the same year, signed an agreement with DEG, a wholly owned financial institution of the government of Germany, on the occasion of the joint commission meeting between the Government of India and the government of Germany. A Memorandum of Understanding (MoU) was signed with HDFC Standard Life Insurance in 2001 to promote and market life insurance and related products. During the year 2002, the company promoted India's first Equipment Bank under the name of QUIPPO. Also in the identical year of 2002, SREI had promoted a wholly owned subsidiary company in the name and style of SREI Money Mall Ltd to act as distributors or agents of financial and non financial products and services. The Company unveils two fixed deposit schemes in the year 2003 called Regular Income Scheme and Cumulative Scheme. In the year 2004, SREI formed a 100 per cent subsidiary outfit in Germany under the name of International Infrastructure Services GmbH (IIS) to venture into global corporate leasing business. A landmark deal was inked with Tata Motors by the company in 2005 and SREI made its geographical expansion into Russia in the year 2006. During the year 2007, SREI IFL had entered into a strategic partnership with BNP Paribas Lease group, the leasing arm of BNP Paribas Bank. SREI had acquired 76% stake in Hyderabad Information Technology Venture Enterprises (HITVEL) in August 2007, an Andhra Pradesh government promoted Venture Fund Company and in November of the same year 2007, inked MoU with Veolia Group, one of the largest infrastructure companies in the world. In January 2008, the company made an introduction of yet another innovative financial instrument in the Indian market by launching the first Shariat compliant instrument, a USD 50 million facility arranged and book run by HSBC. The Joint Venture ('JV') between SREI Infrastructure Finance Limited ('SREI') and BNP Paribas Lease Group was commenced its operation in April 2008. CARE has assigned AA rating to the proposed secured bond issue (Series I) of Rs 2.5 billion of SREI in October of the year 2008.