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THE STATE INDUSTRIAL & INVESTMENT CORPORATION OF MAHARASHTRA LIMITED |
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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 & public sector and Government bodies. SICOM Limited was established in 1966, by the Govt. of Maharashtra as a 100% Govt. owned company, with the objective of industrializing the backward areas of the State of Maharashtra. In the 37 years since its inception, SICOM, as the State Industrial Development Corporation (SIDC) for Maharashtra, has offered a range of services and helped promote over 8000 industrial units involving a total capital outlay of more than Rs.40,000 crore. 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 is being 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 & medium term loans, & bills discounting. The above activities are supplemented by fee based activities like Guarantees, issue management, underwriting, corporate advisory services, mergers, amalgamations & restructuring.Our 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 would continue 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 realized that IT entrepreneurs have special needs and SICOM has designed new products which cater to their specific needs. The customized term loans packages, that are project oriented or cash flow related are offered to these companies. SICOM’s website www.sicomindia.com provides more information about SICOM and nature of its operations. There is also a special section on "buy & sell opportunities" wherein the 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. SICOM has been a profit making organization and it 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 liberalization and privatization of PSUs, Govt. of Maharashtra selected SICOM to be the first State Industrial Development Corporation (SIDC) for privatization. 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 areas. SICOM today : Today SICOM has five regional offices at 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. For last more than 3 ½ decades SICOM has successfully performed the role of being the Marketing arm of the Government of Maharashtra and it would continue to perform this role for the Indian as well as foreign investors. SICOM has been trying 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. |
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Registered Office : SICOM
Limited, ‘Nirmal’, Nariman Point, Mumbai-400 021
* Tel. : 56572700 / 22023018 * Fax : 22825781/22882895 * E-Mail : sicom1@bom3.vsnl.net.in * Website : www.sicomindia.com Regional Offices : * Aurangabad : Anand Bhavan, 166, N-5, (South), CIDCO, Aurangabad - 431 003 * Tel. : 0240 - 2484 580 / 2484 590 * Fax : 0240 - 484 570 * Nagpur : Udyog Bhavan, 3rd Flr., Civil Lines, Nagpur - 440 001 * Tel. : 0712 - 2534 358 / 2552312 * Fax : 0712 - 2536 575 * E - Mail : sicomindia@nagpur.dot.net.in * Nashik : Grd. Flr., Common Service Centre, Nashik - Trambak Road, MIDC Area, Satpur, Nashik - 422 007 * Tel. : 95253 - 2354 770 * Fax : 95253 - 2354 719 * E - Mail : sicomnsk@bom6.vsnl.net.in * Pune : Kubera Chambers, Dr. Rajendra Prasad Road, Opp. Sancheti Hospital, Shivaji Nagar, Pune - 411 005 * Tel. : 9520 - 553 33 71 / 553 81 67 * FAX : 9520 - 553 32 01 * E - Mail : sicompun@pn2.vsnl.net.in * New Delhi : 2 - B, Vandhna Building, 2nd Flr., 11, Tolstoy Marg, New Delhi - 110 001 * Tel. : 011 - 2373 67 38 * Fax : 011 - 373 69 28 |