iQuippo, a Kanoria Foundation initiative, successfully organised Paison Ki Nilami (PKN) — a large-scale simulcast auction of interest rates aimed at facilitating financing for infrastructure equipment. The event saw participation from over 20 original equipment manufacturers (OEMs) and more than 1,100 equipment owners.
Positioned as one of the largest auctions in India’s construction equipment financing space, the event was conducted across seven cities via webcast — including Hyderabad, Kolkata, Mumbai, Pune, Nagpur, Jaipur, and Ahmedabad. The format enabled customers from multiple geographies to competitively bid for the lowest lending rates for purchasing infrastructure equipment.
Transparent Financing Through Digital Innovation
Speaking on the initiative, Anant Raj Kanoria, CEO, iQuippo, said:
“Customers in this sector are always looking to negotiate better pricing and interest rates. Through ‘Paison Ki Nilami’, we aim to digitise this process and bring greater transparency. Our goal is to ensure every stakeholder feels they have secured the best possible deal, creating a true win-win ecosystem.”
Strong Industry Participation
The auction featured a wide range of infrastructure equipment, including excavators, loaders, tippers, and motor graders, from globally recognised brands such as Komatsu, JCB, Puzzolana, Volvo Construction Equipment, and SANY.
Leading financial institutions also participated, including:
- Bank of Baroda
- ICICI Bank
- Axis Bank
- Syndicate Bank
- Oriental Bank of Commerce
- United Bank of India
Additionally, non-banking financial companies like Srei Equipment Finance Limited and Mahindra Finance were part of the ecosystem.
