Cat Financial, a wholly owned subsidiary of Caterpillar, launched its India operations with the opening of its Bangalore headquarters. It will operate under the name Cat Financial India.
Cat Financial India, along with Caterpillar’s two Indian dealers, Gmmco and Gainwell Commosales, will support customers in India by offering a one stop solution for customized financial services for a range of Cat products.
Most customers in the construction industry in India are looking for effective and efficient financing solutions. Cat Financial India will enable Caterpillar India dealers to provide financial solutions in a responsive and timely manner to meet customer’s needs and support them in expanding their business opportunities.
“Our new office presence in India not only helps support Caterpillar growth in an emerging region, but also creates a competitive edge and opportunity to provide highly differentiated financial services for our customers that leverage data and technology to make their experience inclusive, seamless and transparent,” said Caterpillar Financial Services Asia Pacific Vice President Shelley Barrett.
“Construction and infrastructure are priority sectors and key drivers for the Indian economy, and the launch of this Cat Financial office further demonstrates and strengthens our commitment to our local customers,” said Caterpillar Financial Services India Managing Director Christopher Lee Farrar. “We look forward to working with our dealers to ensure that our financial solutions reach our customers with ease and in a prompt time frame.”
“With the financing options and unique services Cat Financial India offers, our customers now have access to one-stop financing to easily buy Caterpillar’s productive, reliable and innovative machines in the competitive Indian market,” added Chandrashekar V, managing director and CEO of Gmmco, and Sunil Kumar Chaturvedi, chairman and managing director of Gainwell Commosales.
The Bangalore office is the 41st Cat Financial location globally.
For more than 35 years, Cat Financial has offered a wide range of financing solutions to customers and Cat dealers for machines, engines, Solar gas turbines, marine vessels and various operational needs. It has offices and subsidiaries located throughout North and South America, Asia, Australia, Europe, Africa and the Middle East, with its headquarters in Nashville, Tennessee.
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