26 January 2020

Spotlight Caterpillar India

The Game changer


Cat Financial Launches India Operations with Bangalore office. The company is committed to offering financial and extended protection services and solutions to its customers.



Caterpillar Financial Services India Pvt. Ltd. (Cat Financial India), a wholly owned subsidiary of Caterpillar Inc., recently announced the launch of its India operations effective July 1, 2019. Headquartered in Bangalore, Cat Financial India, along with Caterpillar’s two Indian dealers, Gmmco Ltd and Gainwell Commosales Pvt Ltd, 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
Shelley Barrett, Asia Pacific Vice President, Caterpillar Financial Services  “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,” noted Christopher Lee Farrar, Managing Director, Caterpillar Financial Services India Private Limited. “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.” He added.




“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,” agreed Chandrashekar V, MD & CEO, Gmmco Ltd. and  Sunil Kumar Chaturvedi, Chairman & MD, Gainwell Commosales Pvt Ltd. The Bangalore office marks the presence of 41stCat Financial location globally.





About Cat Financial


For over 35 years, Cat Financial, a wholly owned subsidiary of Caterpillar, has provided financial service excellence to customers. The company offers a wide range of financing solutions to customers and Cat® dealers for machines, engines, Solar® gas turbines, marine vessels and various operational needs. Cat Financial has offices and subsidiaries located throughout North and South America, Asia, Australia, Europe, Africa and the Middle East, with its headquarters in Nashville, Tennessee.


For over 35 years, Cat Financial has been helping Caterpillar and it’s customers succeed through financial service solutions, offering financing and leasing services for every market.


Caterpillar serves - including heavy construction, general construction, forestry, mining, waste, industrial, quarry and aggregrates, and engines.



CAT financial plans include:


  • Installment loans that enable customers to make a down payment or trade-in, acquire equipment, and structure payments over time.
  • Operating leases that let customers use equipment with options at lease end to return it, extend the lease, or purchase the equipment.
  • Finance leases that give customers the option to own equipment under lease.
  • Working capital loans that allow customers to use their Cat equipment as collateral to obtain financing for other business needs.
  • Governmental lease-purchase plans that offer low interest rates and flexible terms in the U.S. to  qualified state and local government agencies.
  • Risk management solutions, such as Equipment Protection Plan for machines and Extended Service Coverage for commercial engines. We work with customers to structure payment plans that meet their specific business needs - including monthly, quarterly, annual, and seasonal payments.




Helping  customers


Serve end-users by:


  • Understanding and having expertise on Cat® products and the markets they serve.
  • Offering a wide array of financial plans, flexible payment schedules, and competitive rates.
  • Providing convenient, one-stop shopping  with fast credit turnaround and user-friendly documentation.



Support dealers by:


  • Serving as a consistent, dependable source of financing and extended protection for all markets and customers.
  • Being dedicated to serving their needs and maintaining a focus on Cat products.
  • Providing business systems to process transactions more quickly and efficiently.




Assist Caterpillar by:


  • Providing financial merchandising programs to promote machine and engine sales.
  • Offering value-added products and services to dealers and end-users.
  • Enhancing relationships and recognition with dealers and end-users through coverage and service.        



For more details visit: www.catfinancial.com


About Caterpillar


For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets.


With 2018 sales and revenues of $54.722 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment.


For more details visit: www.caterpillar.com

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