July 27, 2017 6:15 PM ET

Diversified Financial Services

Company Overview of GE Capital Services India Limited

Company Overview

GE Capital Services India Limited provides non-banking financial services to corporate and consumer customers in India. The company offers corporate finance solutions, such as term lending, acquisition finance, sponsor finance, and capital market solutions for automobiles and auto components, media and entertainment, healthcare, IT and ITES, construction, manufacturing, aviation, and business services industries; equipment finance, including equipment loans and leases for construction and manufacturing equipment, corporate aviation, automobiles and allied industries, IT and office equipment, electronics and appliances, and the healthcare industry; and corporate aircraft finance for corporate...

Building 7A

6th Floor

DLF Cyber City

DLF Phase – III

Gurgaon,  122002

India

Founded in 1993

Phone:

91 12 4480 8000

Fax:

91 12 4414 8651

Key Executives for GE Capital Services India Limited

Chief Executive
Compensation as of Fiscal Year 2017.

GE Capital Services India Limited Key Developments

Bhavesh Gupta Joins Clix Capital Ltd as Chief Executive Officer

Bhavesh Gupta, a former top executive at IDFC Bank Ltd, has joined Clix Capital Ltd. (formerly GE Capital India) as chief executive. Pramod Bhasin, founder of business process management firm Genpact Ltd. and former CEO of GE Capital India and Asia, and Anil Chawla, a former head of GE Capital's commercial business, acquired the commercial lending and leasing business of GE Capital in India with the backing of AION Capital Partners Ltd. in September. The business was renamed Clix Capital.

SBI May Raise Stake In SBICPSL And GECBPMSL

State Bank of India (NSEI:SBIN) is in talks to increase its stake in its credit card joint venture SBI Cards and Payment Services Private Limited (SBICPSL) as well as find a new strategic partner to replace existing partner GE Capital Services India Limited during the first quarter of 2017. State Bank of India will zero in on a new partner to replace GE Capital in GE Capital Business Processes Management Services Ltd. (GECBPMSL) which takes care of the technology and processing needs of SBI Card. SBI holds 60% stake in SBICPSL and 40% in GECBPMSL with the balance being held by GE Capital in both the ventures.

Mizuho, Carlyle And Credit Saison Reportedly Eye Stake In SBI Cards From GE

Mizuho Financial Group, Inc. (TSE:8411), The Carlyle Group LP (NasdaqGS:CG) and Credit Saison Co. Ltd. (TSE:8253) reportedly eye stakes in two companies that run SBI Cards and Payment Services Private Limited from GE Capital Services India Limited, according to three people familiar with the matter. "There were many bidders and the three have been shortlisted," said one of the persons.

Recent Private Companies Transactions

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

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