In April 2024, the Board of SIFL appointed Hardayal Prasad as its new Managing Director and CEO. 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. Before joining SIFL, Prasad has been Managing Director & CEO of SBI Cards & Payment Services and Managing Director and CEO of PNB Housing Finance. Under Prasad?s 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.?