Macquarie SBI Infrastructure Management Pte. Limited brings together the recognised infrastructure investment, fund management, project finance and broad Indian business experience of Macquarie Capital, the State Bank of India (SBI) and the International Finance Corporation (IFC). The result is a fund management team with strong Indian relationships, a deep understanding of India’s infrastructure investment market and its associated risks, and extensive global experience in infrastructure investment and management.
Further information on each of Macquarie Capital, SBI and IFC is provided below.
Macquarie Capital, a subsidiary of Macquarie Group Limited, is a global leader in infrastructure investment and management. As at 31 March 2009, Macquarie Capital had over US$100 billion of total assets under management and US$37 billion of equity under management, with more than 2,200 infrastructure finance advisory and fund management specialists dedicated to sourcing and executing investments and managing over 100 assets through more than 40 investment funds/vehicles. In India, Macquarie Capital and Macquarie Securities Group have a significant and growing presence, with more than 170 full-time professionals working across fund management, investment advisory and securities research and brokerage.
State Bank of India is India’s largest bank by market capitalisation, balance sheet, and branch network. SBI is the flagship of SBI Group, which, with around 165 million customers is one of the largest financial groups in Asia. SBI has a global network of more than 11,500 branches, and has strong relationships with approximately 80% of large Indian corporates. It also enjoys very strong relationships with India’s federal and provincial governments and regulators. SBI is consistently ranked among the world’s top project finance lenders and arrangers, and is the only Indian bank in both the Fortune Global 500 list and the top 100 banks in the world.
SBI has a proud history of providing high quality financial services to individuals and businesses in India and around the world, and its brand is synonymous with values, strength and safety.
As at 31 March 2009, SBI had deposits of Rs696,340 crores (US$140 billion) and advances of Rs548,540 crores (US$120 billion). The bank posted a net profit of Rs9,121 crores (US$2 billion).
International Finance Corporation (IFC) is a member of the World Bank Group. IFC promotes sustainable economic growth in developing countries by supporting private sector development, mobilising private capital, and providing advisory and risk mitigation services to businesses and governments.
India and the infrastructure sector are important priorities for IFC. India now represents IFC’s single largest committed investment exposure. Since 1956, IFC has invested in over 200 Indian companies, including new commitments of over US$1 billion in both 2007 and 2008.
In India, IFC’s strategy is to promote inclusive growth by increasing access to infrastructure and finance, focusing on low-income, rural, and fragile regions, and making climate change central to its approach in both investments and advisory services. IFC focuses on supporting private sector-led development through direct investment and advisory services that promote growth and competitiveness.
