Srei Insurance Broking Pvt. Ltd … Srei is a New Age Composite Insurance Broker (General, Life & Re-insurance) to be registered with the Insurance and Regulatory …

Srei is a New Age Composite Insurance Broker (General, Life & Re-insurance) to be registered with the Insurance and Regulatory Development Authority (IRDAI). Services provided by SREI include industry specific risk consulting, insurance brokerage, claims management and advocacy in India, backed by experts of SIBPL with adequate industry experience.

Srei understands that cost containment is key for it’s clients and has equal importance as that of risk management. We work with you to understand your business first, then provide customized and innovative risk management and insurance solutions at best terms from the market to help your business succeed.

What sets Srei apart, is the customer centricity and the organizational bent of mind towards getting technology as one of the key enablers.

One of the key value proposition is on the claims consultancy side in the B2B space. SIBPL has an experienced team who are capable of managing small to very large claims and in turn provide proper value to our customers.

Srei started operations in 1989.
For over 30 years, Srei had successfully offered solutions to its customers in Asset Finance & Leasing in the infrastructure sector. It was the most significant player in its segment.
The Reserve Bank of India vide its Press Release dated 4th October, 2021 superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) & Srei Equipment Finance Limited (SEFL) and appointed former Chief General Manager, Bank of Baroda, Mr. Rajneesh Sharma as the Administrator. RBI also appointed a three-member advisory committee to assist Mr. Sharma.
Further, SIFL and SEFL were admitted to Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016, vide Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench Order dated October 8, 2021.
Pursuant to which Committee of Creditors (CoC) was formed for approving a Resolution Plan submitted by Resolution Applicants. CoC after due consideration, approved the Resolution Plan submitted by National Asset Reconstruction Company Limited (NARCL). Company submitted the approved Resolution Plan to Hon’ble National Company Law Tribunal Kolkata Bench for its approval.
NCLT vide its Order dated 11th August, 2023 approved the Resolution Plan submitted by NARCL.
Currently, in terms of the Approved Resolution Plan, an Implementation and Monitoring Committee has been constituted (“IMC”) which is inter alia empowered to supervise the implementation of the Approved Resolution Plan and oversee the management of the affairs of the Companies as per the terms of the Approved Resolution Plan.