Free Press Journal

Sunil Kanoria is new ASSOCHAM President


New Delhi: Sunil Kanoria, vice chairman of reputed non-banking finance company, SREI Infrastructure Finance Limited, today took over as new President of The Associated Chamber of Commerce and Industry of India (ASSOCHAM).

Kanoria has succeeded Rana Kapoor, Yes Bank Managing Director and CEO, following conclusion of ASSOCHAM’s 95th Annual General Meeting (AGM) in New Delhi.

With an impeccable record as an expert in the field of finance, Kanoria has been instrumental in bringing over Rs. 34,000 crore (over USD 5 billion) of consolidated assets under SREI which became one of the first NBFCs to get listed on the London Stock Exchange.

He is also the joint Managing Director of SREI BNP Paribas, a joint-venture between SREI Infrastructure Finance Limited and BNP Paribas Leasing Group, France.

Kanoria conceptualized the brand ‘Quippo’. Be it launching the country’s largest infrastructure equipment rental company or catering to the high growth verticals such as construction, telecom, energy and oil and gas, under his guidance, brand Quippo has become the leader in the equipment rental industry.

Kanoria has been associated with several industry associations – Construction Industry Development Council (CIDC), Hire Purchase and Lease Association, Kolkata (HPLA), Merchants’ Chamber of Commerce, Kolkata (MCC) and Federation of Indian Hire Purchase Association (FIHPA). Sunil held the prestigious position as Member of the Working Group on Construction for the Tenth Five Year Plan (2002-07) of the Planning Commission, Government of India.

He is currently a council member of the Institute of Chartered Accountants of India (ICAI) as a nominee of the Government of India.

Sandeep Jajodia, chairman and managing director, Monnet Group and Mr Ved Jain, past-president of the Institute of Chartered Accountants of India (ICAI) have respectively been elected as the Senior Vice-President and Vice President of ASSOCHAM for 2015-16.