The Kolkata-based family behind Srei Infrastructure
The RBI recently superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance. These firms will now be taken up for insolvency proceedings. While the situation is still developing, we delve into the background of the family behind the business and how the crisis unfolded.
The owners of Srei Infrastructure are Kolkata-based Kanorias. The family has put in place a holding structure whereby all its companies are held by a trust, the Kanoria Foundation.
The foundation’s trustees include the family patriarch, H P Kanoria, and his four sons – Hemant, Sanjeev, Sunil and Sujit.
H P Kanoria is the chairman of the Trust.
