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The
State Industrial & Investment Corporation
Of
Maharashtra Limited (SICOM) |
SICOM
is a premier financial institution located in Mumbai,
dedicated to catalyzing development in the Industry,
Services and Infrastructure sectors in India by providing
tailor-made financial solutions and advisory services to
entrepreneurs, companies in the private and public sector
and Government bodies.
SICOM Limited was established in 1966, by the Govt. of
Maharashtra as a 100% state owned company, with the
objective of industrialising the backward areas of the State
of Maharashtra. In the 38 years since its inception, SICOM,
as the State Industrial Development Corporation (SIDC) for
Maharashtra, has offered a range of services and extended
Long Term Financial Assistance of more than Rs. 4,000 crores
to over 3,000 units. The total investment catalysed in the
backward areas of the state was to the tune of Rs. 85,000
cores.
Nature of operations :
In the past, term lending was the predominant activity for
SICOM, with other services having a smaller share in terms
of percentage of the total income. Over the last five years
the product-mix has been diversified and SICOM now offers a
range of services, which include fund based , as well as
non-fund-based services. Fund based activities include
providing of financial assistance by way of long term loans,
leasing, short and medium term loans, and bills discounting.
The above activities are supplemented by fee based
activities like corporate advisory services, mergers,
amalgamations and restructuring. SICOM's infrastructure
advisory services include feasibility study, preparation of
bid documents, loan syndication and assisting in
identification of joint venture partners. Even though SICOM
has diversified its product range, industrial financing
continues to be the focus area of operation for SICOM.
SICOM hopes to play a major role for the IT enterprise that
are being set up in the State of Maharashtra. SICOM has
realised that IT entrepreneurs have special needs and SICOM
has designed new products which cater to their specific
needs. The customized term loan packages, that are project
oriented or cash flow related are offered to these
companies.
SICOM has launched a venture fund with participation from
SIDBI and UWB. The fund is managed by SICOM and is targeted
to provide equity support to companies in Information
Technology sector. The fund operates from Pune. Information
about the fund can he had from it's website
www.sicomindia.com.
SICOM's website www.sicomindia.com provides more information
about SICOM and nature of its operations. There is also a
special section on “buy and sell opportunities” wherein
entrepreneurs who are interested in seeking or offering
industrial properties, sick units / mergers / acquisitions /
partnership opportunities get a chance to interact on-line,
this facility is found very useful by investors.
To international and domestic entrepreneurs, SICOM provides
value added advice in setting up projects in Maharashtra.
This includes advice on
i) Project Location ii) Govt. Clearances iii) Assistance in
Legal Documentation
iv) Arranging for infrastructure v) Funds syndication.
SICOM has been a profit making organization and has played a
prominent role in the Industrial Development in the State of
Maharashtra. SICOM is the nodal agency for NRI investment
and FDI in Maharashtra. Further, SICOM successfully
pioneered and operated the Package Scheme of Incentives of
GoM. In 1995, following Government of India's policies of
economic liberalisation and privatisation of PSUs, Govt. of
Maharashtra privatized SICOM. Accordingly, 51% of GoM's
stake in SICOM was divested, making SICOM the first and only
SIDC so far, where Government has reduced its holding to
below 50%.
Initially, SICOM adopted the Growth Centre strategy whereby
select centres were identified viz. Nashik, Aurangabad,
Nagpur, Roha, Butibori, etc. and then concentrated efforts
were made to provide support services to nurture the
industrialists setting up projects in these Growth Centres.
It was believed that once the wheel of industrial
development was set in motion, social development would
follow. Over the years, one has seen this strategy bearing
fruits. SICOM played an important role in implementing the
Govt. of Maharashtra's specially designed policy offering
incentives to the industrialists investing in backward area.
SICOM today
SICOM has five regional presence in Delhi, Nagpur, Pune,
Aurangabad and Nashik. SICOM believes in continuously
upgrading it's products and providing a wide range of
financial and advisory services to Indian and International
Investors.
SICOM is acting as an effective catalyst to encash the
strengths of Maharashtra, such as industrial culture,
comfortable power position, qualified human resources,
excellent infrastructure, State Government's initiatives in
attracting private investment in the infrastructure
projects, good telecommunication network, five star category
industrial parks with abundant water supply, excellent
social infrastructure in the industrial locations, in
attracting foreign investment as well as investment from the
NRIs and Indian companies in Maharashtra. |
Corporate
Office
:
SICOM Limited, 'Nirmal', Nariman Point, Mumbai 400
021. Tel. No. : 5657 2700 / 2202 3018
Fax No. : 2282 5781 / 2288 2895 E-mail :
agarde@sicomindia.com Website : www.sicomindia.com
Regional
Offices :
Aurangabad : Anand Bhavan, 166, N-5 (South), CIDCO,
Aurangabad 431 001.
Tel.No. : 0240 2484580 / 2484590 Fax No. :
0240 2484570 E-mail : bkedar@sicomindia.com
Nagpur : Udyog Bhavan, 3rd Floor, Civil Lines, Nagpur
440 001.
Tel.No. : 0712 2564358 / 2552312 Fax No. :
0712 2561575 E-mail : jsalve@sicomindia.com
Nashik : Ground Floor, Common Service Centre, Nashik
Trambak Road, MIDC Area, Satpur,
Nashik 422 007
Tel.No. : 95253 2354770 Fax No. : 95253
2354719 E-mail : rbhosale@sicomindia.com
Pune : Kubera Chambers, Dr.Rajendra Prasad Road, Opp.
Sancheti Hospital, Shivaji Nagar,
Pune 411 005.
Tel.No. : 9520 2553 33 71 / 2553 81 67 Fax No.
: 9520 25533201 E-mail : amahadik@sicomindia.com
New Delhi : 2 B, Vandana Building, 2nd Floor, 11,
Tolstoy Marg, New Delhi 110 001.
Tel.No. : 011 23736738 Fax No. : 011 2373 6928
E-mail : mdas@sicomindia.com
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