THE STATE INDUSTRIAL & INVESTMENT CORPORATION
OF MAHARASHTRA LIMITED
( SICOM LTD.)
| 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 36 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 enterprises 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 has launched a venture fund with participation from SIDBI & UWB. The fund is managed by SICOM and is targeted to A feature giving map based information on the urban and industrial infrastructure available in Maharashtra shall soon be added to SICOM has been a profit making organization and it has played a prominent role in the Industrial Development in the State of 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 : |