Societe Generale in India
Societe Generale made its advent in India in 1978, with the establishment of a Representative Office in Delhi. Societe Generale opened its first full-fledged banking branch in Mumbai in 1985 following the closure of the Representative Office, and opened a second branch in Delhi, in 1993.
Operating under the license of a Scheduled Commercial Bank in India, Societe Generale offers a broad range of banking facilities and services from Customer Deposits and plain vanilla Working Capital Loans, Term Loans, Trade Finance and Corporate FX to more sophisticated Investment Banking products such as Structured Finance and Derivatives.
Services such as Correspondent Banking, Offshore Energy Hedging and Commodity Derivatives are also made available to Indian banks and clients. Joint ventures and subsidiaries play a paramount role in SG India's strategy.
The following entities were formed as joint ventures and subsidiaries in India, including Societe Generale Global solution centre:
SBI-Societe Generale Global Securities Services Private Limited
SBI-SG Global Securities Services Private Limited (SBI-SG) is set up as a joint venture between SBI, the largest bank in India and Société Générale Securities Services (SGSS), one of the world’s leading global custodians, combining the banking and treasury expertise of SBI with the operational and risk management proficiency of SGSS, to offer high quality Custody and Fund Accounting Services to domestic and foreign clients. SBI-SG has the unique distinction of being the first sub-custodian in India to benefit from the local-foreign partnership.
Societe Generale Securities India Private Limited
A 100% ultimate subsidiary of Societe Generale Group, formed in 1994 and active in Stock Broking services since 1997. It has membership of:
- NSE: Capital Market, Futures and Options, Currency Derivatives and Debt segment
- BSE: Capital Market, Futures and Options, Currency Derivatives and Debt segment
- MSEI: Capital Market, Futures and Options and Currency Derivatives segment
Service offering to the clients:
- Execution and Clearing services
- DMA and Algo trading facility (as permitted within the regulatory framework)
- Co-location facility
Clients includes Foreign Portfolio Investors (formerly FIIs, sub-accounts) and Domestic Institutional Investors.
ALD Automotive Private Limited
With a fleet of about 13,250 vehicles, ALD Automotive India is one of the leading vehicle leasing and fleet management company in the country and is the operational leasing and fleet management business line of the Societe Generale Group.
Established in 2005, headquartered in Mumbai, ALD Automotive have direct presence in Mumbai, Delhi, Hyderabad, Chennai, Pune and Bengaluru and an operational reach in all the major cities across India. In the last decade, ALD Automotive have proved themselves to be a leading player by setting an industry benchmark for professionalism, transparency and service delivery in India. With a fleet of about 13,250 vehicles, ALD caters to more than 11,000 corporate customers in over 280 locations across India. Through these offices in India and through its supplier tie-ups across the country, ALD is able to service corporate vehicle requirements in any town or city within the country.