SBI Macquarie Infrastructure Management Pte. Limited (SMIMPL), the Manager of SMIT, brings together the recognised infrastructure investment, fund management, project finance and broad Indian business experience of the State Bank of India (SBI), Macquarie Infrastructure and Real Assets (MIRA) 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 SBI, MIRA and IFC is provided below.
State Bank of India is India's largest bank by revenues, balance sheet, and branch network. With close to 14,000 branches, SBI enjoys a dominant position in Indian banking , particularly in the area of corporate finance . 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 2012, SBI had deposits of INR 1,043,647 crores and advances of INR 893,613 crores. The bank posted a net profit of INR 11,707 crores for the year ended 31 March,2012.
Macquarie Infrastructure and Real Assets, (previously Macquarie Capital Funds) is a leading global alternative asset manager specialising in infrastructure funds, other real asset funds and customised accounts. As at 31 December 2012, Macquarie Infrastructure and Real Assets had over A$97 billion of total assets under management, with approximately 400 experienced investment professionals located in 20 countries managing 49 funds in total. MIRA's in-depth operational expertise and active management, combined with access to the proprietary deal sourcing capability of the Macquarie Group provide a unique competitive advantage. In India, the Macquarie Group provides specialist investment, advisory and financial services for the local market. Macquarie Infrastructure and Real Assets, Macquarie Capital and Macquarie Securities Group have a significant and growing presence in India, with professionals working across fund management, investment advisory and securities research and brokerage.
Based on proportionate enterprise value, calculated as proportionate net debt and equity value at 30 June 2012 for the majority of assets.
International Finance Corporation 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. With a held portfolio of $3.7 billion (as at June 30, 2011), India now represents IFC’s single largest committed investment exposure. Since 1956, IFC has invested in over 264 Indian companies.
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.