Convocation Addressed by Mr. Hemant Kanoria
A pioneer in the field of infrastructure, Mr. Hemant Kanoria has reshaped India’s infrastructure landscape with innovative ideas and a strong passion for excellence.
Hemant conceptualised “Srei” in 1989. The initiative marked the entry of private sector in the field of infrastructure, a domain hitherto restricted to public sector. In last two-and-a-half decades, Srei Infrastructure Finance Limited has developed into one of India’s largest integrated infrastructure institutions with an asset base of around USD 5.5 billion.
He is known for unleashing the wave of rural entrepreneurship in India. A unique business model under the brand “Sahaj” was created to bridge the urban-rural digital divide and make services like e-governance, e-commerce and e-learning accessible to millions in remote geographies. The initiative has opened up revenue opportunities for over 50,000 village level entrepreneurs who are providing these services through IT-enabled Sahaj service centres across India.
Hemant is also the Chairman of India Power Corporation Limited, previously known as DPSC Limited. Under his guidance and leadership “India Power” has become one of the leading integrated power utilities in the country. The company has a diversified portfolio, with renewable and conventional modes of power generation, distribution and power trading.
Hemant is the Trustee of Kanoria Foundation which under its umbrella has entities with a total asset base of USD 10 billion. The group is at the vanguard of thought leadership in the country, especially in the area of infrastructure development and financing.
Hemant has held several prestigious positions like President of Calcutta Chamber of Commerce, Chairman of the FICCI National Committee on Infrastructure and also served on the Board of Governors of Indian Institute of Management, Calcutta (IIM-C). He has also been a Member of the Regional Direct Taxes Advisory Committee, Government of India.
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