About us

SBI Macquarie Infrastructure Management Private Limited, 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

State Bank of India (“SBI”) is India’s largest bank by market capitalisation, balance sheet, and branch network. SBI has a global network of more than 13,500 branches and offices, and has strong relationships with approximately 80 per cent 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 2011, SBI had deposits of INR 933,933 crores and advances of INR 771,802 crores. The bank posted a net profit of INR 8,265 crores.

Macquarie Infrastructure and Real Assets

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 March 2011, Macquarie Infrastructure and Real Assets had over A$97 billion of total assets under management, with approximately 400 experienced investment professionals located in 16 countries managing 43 funds in total. Our 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.

International Finance Corporation

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. With a held portfolio of $3.6 billion (as of January 2011), India now represents IFC’s single largest committed investment exposure. Since 1956, IFC has invested in over 260 Indian companies, including new commitments of approximately $US1.8 billion in 2010.

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.