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December 1, 2020

CSI Leasing announces expansion into India

By Hannah Wright

US-based leasing firm – CSI Leasing – has expanded its Asia-Pacific operations to India.

With offices already in Malaysia, Singapore, Hong Kong, China and Australia, India represents a “significant opportunity”, according to Arnaldo Rodriguez, president of CSI Leasing.

CSI, an IT, health and media equipment lessor, boasts almost 50 years’ experience and more than $2bn in leased assets for fiscal year 2019.

Explaining the firm’s decision to expand, Rodriguez commented: “The increased demand from our existing global customers, as well as the domestic market opportunity, encouraged us to commence operations in India.”

With more than 70 offices worldwide, Rodriguez believes the expansion to India is proof of the firm’s “commitment to enhancing our global customer experience”.

Rodriguez continued: “We are also aligning with several large global Indian service providers and equipment vendors, further strengthening our position as the premier international source for IT and business infrastructure equipment leasing.

Simi Thapar has been appointed as chief country officer of CSI Renting India, joining from Tata Capital Financial Services Limited in Mumbai.

With more than twenty years’ experience in equipment leasing, Thapar was previously responsible for establishing new business lines in alliance with Tokyo Century Corporation CSI Leasing’s parent firm. For almost a decade, Thapar was responsible for P&L of the business vertical, establishing a sustainable business yielding significant returns.

Referring to CSI as an “industry leader recognized worldwide”, Thapar said she was “honoured” to lead the expansion.

Thapar continued: “CSI has been investing in customers’ equipment solutions for nearly five decades. OEMs and vendors, as well as multinational and domestic companies throughout India can now leverage CSI’s vast service offering. Customers will also benefit from a unique digital experience via its online asset tool, MyCSI. I am also very much looking forward to attracting the best talent to grow the business for CSI in India.”

CSI is a global independent leasing company offers numerous services, namely: leasing; end-of-life IT asset disposal solutions with data sanitisation; and the remarketing or recycling of technology equipment.

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