Srei Infrastructure Finance announces appointment of new MD & CEO
The Board of Srei Infrastructure Finance Limited (SIFL) has appointed Hardayal Prasad as its new Managing Director & CEO in April 2024. 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. Prior to joining SIFL, Prasad has been Managing Director & CEO of SBI Cards & Payment Services Ltd and Managing Director & CEO of PNB Housing Finance Ltd. Under his 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.”
SIFL is a financial institution providing a bouquet of services, which include construction & mining equipment finance, advisory & 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.
