India’s largest finance company Shriram Automall India Ltd. has named Sameer Malhotra, who has more than 20 years experience in the infrastructure, construction equipment and rental industries, CEO. Malhotra helped set up rental company Quippo for the Srei Infrastructure Finance Ltd. group, and in addition to working 10 years in the Srei group, worked more than six years for Ritchie Bros. Auctioneers in India.
Malhotra told RER he will be working to set up Automall offices in more than 60 Indian cities. Automall intends to finance stockyards, refurbishing facilities, valuation services, spare parts, equipment rentals and new equipment sales businesses.
The company is based in New Delhi.