FCC

Hardayal Prasad is new MD and CEO of Srei Infra Finance

2024-04-24

Srei Infrastructure Finance Limited (SIFL) is a financial institution providing a bouquet of services, which include construction and mining equipment finance, advisory and development solutions and insurance broking. Since its inception, the company has traversed a long way to emerge as an infrastructure service provider with its widespread presence pan India, a strong customer base and unique product propositions.

In April 2024, the Board of SIFL appointed Hardayal Prasad as its new Managing Director and CEO. He has since joined and taken up the assignment.

Prasad is a seasoned senior banker with over 36 years of experience, and he has held important assignments in India and abroad. Before joining SIFL, Prasad has been Managing Director & CEO of SBI Cards & Payment Services and Managing Director and CEO of PNB Housing Finance. Under Prasad’s leadership, SIFL envisages to re-enter the construction and mining equipment financing industry to enable customer needs of the segment.

Commenting on his appointment, Prasad, said, "Srei had been a prominent contributor in the Construction & Mining Equipment (CME) financing space. Now with the completion of the resolution process, we are confident of re-establishing SIFL as a significant contributor in the industry and enabling customers with financing solutions, across the life cycle of the construction and mining equipment, in the near future.”