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Subsidiaries

Siel Financial Services Limited

Siel Financial Services Limited (SFSL) as a wholly owned subsidiary of Shriram Industrial Enterprises Limited (SIEL which is now known as Mawana Sugars Limited) in the year 1983 in the name and style of "Ayala Finance Private Limited" to carry on the business of investment and Finance Company. However, the operations of SFSL were curtailed due to adverse market conditions for finance companies.

Siel Infrastructure & Estate Developers Pvt. Ltd.

Siel Infrastructure & Estate Developers Pvt. Ltd is a material unlisted subsidiary company which was created for assisting in the development of Siel Industrial Estate Limited.

Siel Industrial Estate Limited

This Company was incorporated for the setting up of an Industrial Estate in Rajpura, District Patiala, Punjab pursuant to a Memorandum of Understanding entered into between Mawana Sugars Limited (Formerly known as Siel Limited) and the State Government of Punjab. Siel Industrial Estate Limited has so far acquired 596 acres of land through Government of Punjab, out of which about 140 acres has been sold to various parties including Mawana Sugars for setting up of its Chemical Plant.

Shriram Shankarlal Music Festival
Shriram Shankarlal Music Festival

12 February, 2010 -
New Delhi

Very impressed with your operations keep up the good work.

Haris Arshad (CPCC Nestle)

Great hospitality and congratulation for hard work and achievement so far.

Tim Keller

The educative experience and the hospitality was per excellence.

H. P. Singh (ITOCHU NDL)