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Last updated: 11 May, 2015  

SAMIL Inks Tie-Up with IKF Finance Limited

NewsVoir | 08 May, 2015

India’s one-stop destination for pre-owned vehicles and equipment, Shriram Automall India Limited (SAMIL) has tied up with IKF Finance Limited, a prominent name in South India for asset financing. As a leading player within the pre-owned automotive industry, SAMIL will now play a crucial role in the disposal of IKF’s all types of pre-owned vehicles and equipment, including commercial vehicles, construction equipment, tractors, cars & SUVs and three-wheelers. The agreement in which both the parties have entered states a mutual alliance which is structured on SAMIL’s holistic solutions that can add value to the complete disposal process.

 

Key Highlights

  • SAMIL ties up with IKF Finance Limited, catering to all its branches in South India, Gujarat and Maharashtra

 

  • Complete solutions for the disposal of financer’s pre-owned commercial vehicles, construction equipment, tractors, cars & SUVs, three wheelers and two wheelers

  • Regular physical and online bidding events promised

 

  • Allied Services – Parking, Documentation, Valuation & Refurbishment

 

 

Throwing light over the tie-up, Mr. Sameer Malhotra (CEO of SAMIL) quoted, “While associating with IKF Finance Limited, we are eyeing at taking the bottom line of their pre-owned vehicle disposal to a new level. We shall be catering to the needs of their all the branches in South India, Gujarat and Maharashtra while positioning their inventory strategically within our physical and online bidding events”.    

 

IKF holds a strong position within South India with its hassle-free financing solutions in the purchase of pre-owned vehicles. SAMIL will provide disposal services to all its branches within the Gujarat, Maharashtra and southern region through its physical and online bidding platforms. Regular bidding events have been promised which work towards realising best prices over the vehicles. Out of SAMIL’s state-of-the-art 50 Automalls in India, 20 are strategically located within the southern region. The Company has assured an optimum utilisation of its resources for an impressive disposal of vehicles. Its highly interactive website – bids.samil.in will be dedicated from its online bidding platform. It will enhance the reach of vehicles while showcasing them on a platform which is accessible to the entire world.   

 

Sharing views over the tie-up, Mr. V.G.K Prasad, MD of IKF Finance Limited stated, “SAMIL and its services is a perfect match for our requirement in the disposal of our inventory of varied pre-owned vehicles and equipment. Being an industry expert, the Company’s knowledge base in every segment’s market will benefit us in profitable disposal”.  

 

While adding value to the entire services offered, SAMIL will also provide valuation, documentation, parking and refurbishment to the financer.

 

 

About IKF Finance Limited  

IKF Finance Limited is one of the prominent asset financing companies in India, which marked its origin in 1979. IKF offers a variety of services, including Vehicle Loans, SME Loans, Working Capital Loans, etc. The Company’s primary focus is on financing the purchase of Commercial Vehicles, Cars & MUVs, Three Wheelers and Tractors. The Company has partnered with various renowned Banks and Financial Institutions for asset collateral management and securitization.

 

IKF has grown rapidly over the past two decades on the foundations of committed customer service, transparent business practices, well - organized, secure financial policies and trusted customer base. It’s our people, locations and work culture that make us unique. We committed for higher standards in everything we do in servicing our customers, shareholders and business Associates.

 

About Shriram Automall India (SAMIL)

Shriram Automall India Limited (SAMIL), one-of-its kind facility, is a wholly owned subsidiary of Shriram Transport Finance Company (STFC). It is India's first-ever service provider that offers various well organised and transparent bidding platforms, including physical, online, one stop classified and negotiated deals, for acquisition & disposal of pre-owned commercial vehicles, construction & industrial equipment, tractors & agricultural equipment, passenger vehicles, three wheelers and two wheelers. The company also provides various allied services, including New Look Refurbishment services, valuation, parking and finance (through STFC). It has successfully launched more than 150 bidding locations, including 50 well-structured Automalls and nearly 70 strategic parking locations, across India. The company has been awarded ISO 9001:2008 certification for its Quality Management System and rated AA from CRISIL.

 

For more information, please contact:

SHRIRAM AUTOMALL INDIA LIMITED

709, Best Sky Tower,

F-5, Netaji Subhash Place,

Pitampura, Delhi-110034

Tel: 011-41414444

Fax: 011-42414444

E-Mail: contact@samil.in

Website: www.samil.in

 
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