Caterpillar Financial opens its indian operation - 41st globally

Caterpillar Financial Services India Pvt. Ltd. (Cat Financial India), a wholly owned subsidiary of Caterpillar Inc., announced the launch of its India operations w.e.f. July 1, 2019. Headquartered in Bangalore, Cat Financial India, along with Caterpillar’s two Indian dealers, Gmmco Ltd and Gainwell Commosales Pvt Ltd, will support customers in India by offering a one-stop solution for customized financial services for a range of Cat products. Cat Financial India will enable Caterpillar India dealers to provide financial solutions in a responsive and timely manner to customers in the construction industry looking for effective and efficient financing solutions, and thereby help support them in expanding their business avenues.

“The company is committed to offering financial and extended protection services and solutions to its customers. Our new office presence in India not only helps support Caterpillar growth in an emerging region, but also creates a competitive edge and opportunity to provide highly differentiated financial services for our customers that leverage data and technology to make their experience inclusive, seamless and transparent,” said Shelley Barrett, VP, Caterpillar Financial Services Asia Pacific.

Cat Financial Launches India Operations
Picture from Left to Right
Bansi Phansalkar, Director-Global Engineering Caterpillar ITDD, Country Manager,Caterpillar India
Christopher Lee Farrar, Managing Director, Caterpillar Financial Services India Private Limited
Shelley Barrett, Asia Pacific Vice President, Caterpillar Financial Services
Mr. Sunil Kumar Chaturvedi, Chairman & Managing Director, Gainwell Commosales Pvt Ltd.
Mr. Chandrashekar V, Managing Director & CEO, Gmmco Ltd

“Construction and infrastructure are priority sectors and key drivers for the Indian economy, and the launch of our Cat Financial office further demonstrates and strengthens our commitment to our local customers,” stated Christopher Lee Farrar, MD, Caterpillar Financial Services India. “We look forward to working with our dealers to ensure that our financial solutions reach our customers with ease and in a prompt time frame.”

“With the financing options and unique services Cat Financial India offers, our customers now have access to one-stop financing to easily buy Caterpillar's productive, reliable and innovative machines in the competitive Indian market,” added Chandrashekar V, MD & CEO, Gmmco and Sunil Kumar Chaturvedi, CMD, Gainwell Commosales.

NHSRCL invites final bids for BKC station in Mumbai

The Centre has decided to go ahead with construction of the underground bullet train terminal at Bandra-Kurla Complex (BKC), despite opposition from the Maharashtra Vikas Aghadi (MVA) government Read More ...

Govt considers easing FDI rules for Construction Industry

The Central Government is contemplating to ease foreign direct investment (FDI) rules for the construction sector. A proposal to allow limited liability partnerships (LLP) to invest in the construction of townships Read More ...

Japan-based NTT plans ₹1,000-cr data centre in Noida

Japanese technology giant, NTT Ltd. has acquired a 6-acre land parcel in Greater Noida to set up a data centre involving an investment of ₹1,000 crore. The plan is to develop the region into a data centre hub Read More ...

Kerala Govt approves ₹290-cr medical college hospital project

The Kerala Government has given administrative approval for constructing the first phase of the Government Medical College & Hospital at Kozhikode in Kerala. The health care facility, which will be a center of excellence Read More ...

IMF projects 11.5% growth rate for India in 2021 fiscal

The International Monetary Fund in its latest World Economic Outlook Update has released a projected 11.5 per cent growth rate for the Indian economy during 2021-22 fiscal thereby reflecting a resounding recovery Read More ...

Medha Servo Drives wins ₹2,211-cr rail equipment orders

The Indian Railways has awarded projects worth ₹2,211 crore to Hyderabad-based firm Medha Servo Drives for procurement of equipment for manufacturing additional rakes of Vande Bharat train sets. The contract is Read More ...

Migsun Group launches ₹250-cr project in Noida

Migsun Group, in a joint venture, has decided to build a 103-acre township in Greater Noida and to invest ₹250 crore to construct phase-1 of the project. MD Yash Miglani informed that it bought 37.5-acre Read More ...

GPT Infraprojects bags rail bridge contract in Assam

GPT Infraprojects has secured an order worth ₹64.10 crore from Office of the General Manager, Northeast Frontier Railway, Maligaon, Guwahati in Assam. The order, which has been won in a joint venture with 51 per cent Read More ...

Brigade Group launches ₹1,100-cr project in Hyderabad

The Bengaluru-based property builder, Brigade Group, has launched ₹1,100 crore residential project at Moti Nagar, Hyderabad. The project named as Brigade Citadel spreads over an area of 11 acres Read More ...

MSRDC expedites ₹1,222-cr tunnelling project

The Maharashtra State Road Development Corporation (MSRDC), which is responsible to execute the 5.4km Turbhe-Kharghar tunnel project, has taken initiatives to speed up the project involving an Read More ...

GHMC hastens ₹333-cr two-way flyover project

The Greater Hyderabad Municipal Corporation (GHMC) has fast-tracked the construction work on the Osmania University Colony flyover at Shaikpet, which is aimed at easing traffic congestion Read More ...

UltraTech Cement amongst India’s 30 Best Workplaces in Manufacturing – 2021

UltraTech Cement, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has been recognized amongst ‘India’s 30 Best Workplaces in Manufacturing – 2021’ by Great Read More ...

AAI unveils expansion of Rajamahendravaram airport

Airports Authority of India (AAI) has planned to upgrade the Rajamahendravaram airport located between Vijayawada and Visakhapatnam to cater to the requirement of wide-bodied aircraft. The project, which entails Read More ...

SER expedites four-lane road project in Odisha

The South Eastern Railway (SER) has decided to complete the stalled four-lane road stretch between BSNL office and Basanti Colony directly connecting the newly-constructed Rourkela railway station project Read More ...

MoRTH sets to surpass 11,000-km road-building targets

With more than 8,000 km of national highways built from 1st April 2020 to 15th January 2021 clocking an increase of 8% over the corresponding period in the last financial year, the road transport and highways Read More ...

L&T wins tunnelling contract from RVNL in Uttarakhand

The construction arm of L&T has secured a contract for heavy civil infrastructure business from Rail Vikas Nigam Limited (RVNL) for Package 4 of the New Broad-Gauge Line between Rishikesh and Karanprayag Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week