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.

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.