July 29, 2016 8:15 AM ET

Diversified Financial Services

Company Overview of SBI Global Factors Ltd.

Company Overview

SBI Global Factors Ltd., a non-banking financial company, provides factoring services in India. It services also include domestic and export factoring, dealership factoring, vendor factoring, and discounting of domestic and export bills under letter of credit. The company offers finance against receivables, credit protection, collection, and professional sales ledger management and MIS services, as well as e-platform, an online portal to upload invoices on the systems, acknowledge invoices online, and raise disputes. SBI Global Factors Ltd. was formerly known as Global Trade Finance Ltd. and changed its name to SBI Global Factors Ltd. in May 2010. The company was founded in 2001 and is based...

6th Floor

Metropolitan Building

Bandra-Kurla Complex

Bandra (East)

Mumbai,  400 051

India

Founded in 2001

Phone:

91 22 3044 0300

Fax:

91 22 2657 2006

Key Executives for SBI Global Factors Ltd.

Chief Executive Officer, Managing Director and Director
Chief Operating Officer, Senior Vice President and Deputy General Manager
Head of Business Development - North
Company Secretary
Deputy General Manager of Legal
Compensation as of Fiscal Year 2016.

SBI Global Factors Ltd. Key Developments

SBI In Talks To Sell Stakes In Insurance Subsidiaries

State Bank of India (BSE:500112) (SBI) said it is keen on selling some of its stake in insurance subsidiaries and is in talks with respective joint ventures for the same. "Yes, we have started talks with all our insurance joint venture partners. All our partners are very keen to dial up and certain amount of action has also started," Arundhati Bhattacharya, Chairperson of SBI, told reporters here. Bhattacharya further said there are third party investors also who are keen on buying SBI's stake in the insurance ventures. She, however, made it clear the bank does not have any plan to sell its stakes in SBI Funds Management Private Limited and SBI Global Factors Limited, which offers services like finance, credit protection against payment default of buyer and sales ledger management.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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