Srei Infrastructure Finance Limited, the parent company, is India’s leading infrastructure project and equipment financing Company.
During its infrastructure development journey, Srei realized that there is a huge demand for renting of equipment. In the year 2001, an external agency, BCG was hired to study and report on the renting of used equipment. And thus was born, Quippo Infrastructure Equipment Limited (QIEL).
QIEL was promoted by the promoters of Srei Group. It was India’s first equipment rental company, servicing in renting of equipment in Construction, Energy, Oil & Gas sectors and Valuation and Auctioning of old equipment.
In the year 2010, to create a much larger single entity to house all the infrastructure business together, QIEL got merged with its promoter company, Srei, thereby substantially augmenting shareholder’s value and also increasing the net worth to enable further unfettered growth thereby capitalizing on the infrastructure development opportunities in the country.
Post the Srei - Quippo amalgamation, all the four subsidiary companies of QIEL, namely Quippo Construction Equipment Limited, Quippo Energy Limited, Quippo Oil & Gas Infrastructure Limited and Quippo Valuers & Auctioneers Private Limited became the subsidiaries of Srei Infrastructure Finance Limited.
Quippo Companies provide equipment on wet lease across India.