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14-11-2022 14:09:00

Two Entities - One Shared Vision - STFC and SCUF are now merged as Shriram Finance

14-11-2022 14:08:45

43 Years

OF TRUSTED
RELATIONSHIPS

₹ 1.71 Lac Cr

ASSETS UNDER
MANAGEMENT

(As on September 30,2022)

2,875+

BRANCHES
ACROSS INDIA

(As on September 30,2022)

enchane

Our Beginnings

Shriram Finance is the country’s biggest retail NBFC offering credit solutions for commercial vehicles, two-wheeler loans, car loans, home loans, gold loans, personal and small business loans. We are part of the 48 year old Shriram Group, a financial conglomerate that has emerged as a trusted partner in creating transformative experiences and lasting impressions in customers’ lives.


In November 2022, Shriram Group’s entities – Shriram Transport Finance Company Limited, Shriram City Union Finance Limited , and Shriram Capital Limited – merged to form Shriram Finance Limited . As on September 30, 2022, with a network of 2,875+ branches and a workforce of more than 57,382, Shriram Finance has combined Assets Under Management (AUM) worth ₹171,367 crores.


As a leading financial enterprise with a rich business history, Shriram Finance is founded on inclusion and sustainability, helping us unlock value for generations to come. Our presence spans across the agrarian heartlands of rural India to its vibrant, cosmopolitan metros where we set wings to aspirations. At Shriram Finance, we are committed to meeting our customers at every touchpoint of their financial journey so that they get to explore unlimited possibilities through us.


Powered by cutting-edge technology, Shriram Finance is a digitally mature financial institution that reflects the banking needs of the Millennial and Gen Z customers. We offer priority financial services to those in the unbanked and underbanked sectors, expanding our innovative product pipeline at every stage of disruption.


Who We Are

Shriram is a pioneer in the NBFC Industry with a strong rural presence. The Shriram Finance Limited is one of the world's leading NBFCs, with more than 6.7 Million ( as on September 30, 2022) private and corporate customers across India. Shriram’s customers benefit from a broad range of personal and commercial financial services, accepting Fixed Deposits, Commercial Vehicle Loans, Business Loans, Two-Wheeler Loans and more.

Our Vision

To be country’s most-preferred financial services destination, delivering delightful customer experience through empowered employees.

Customer First

We pride ourselves on the perfect understanding of the common person. Our financial services are tailor-made to perfectly suit customer needs through quality non-banking financial services. This guiding philosophy of putting people first has brought the company closer to the grassroots, and we are the preferred choice for serving the underserved, nurturing talent, and empowering people. Over the decades, the company has achieved significant success by creating transparency and a strong sense of belonging. Our customer loyalty is a testimony to our journey.

Our Core Value

Operational efficiency, truthfulness and a robust emphasis on catering to the needs of the common man by providing him with high quality and cost-effective products & services are the values driving Shriram Finance. These core values are deep-rooted within the organization and have been firmly adhered to over the years.

Shriram Finance prides itself on establishing and maintaining an excellent understanding with its customers. Each product or service is tailor-made to suit customer's needs perfectly. It is this administrative philosophy of "making people the priority" that has brought the company closer to the ordinary man and made it the most preferred choice for all financing requirements amongst its customers.

Operational efficiency, truthfulness and a robust emphasis on catering to the needs of the common man by providing him with high quality and cost-effective products & services are the values driving Shriram Finance. These core values are deep-rooted within the organization and have been firmly adhered to over the years.

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The Shriram Way

To become ethical, effective and equitable, finance needs to be about far more than just money. Here are the values we live and work by:

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Value Relationships 

You and your dreams are the purpose of our being in business.

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Build Trust

We believe in your capabilities and work with you in your aspiration to get the best.

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Create Prosperity

We don't see the past but the future and work with you for success and identity of your own.

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Transform Lives

We nurture entrepreneurship and help you in transforming your family life.

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Build an Inclusive Society

We humbly contribute to the nation's growth across its length and breath.

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Value Relationships

We value our employees 'contribution and our customers' support by helping to make our communities better places to live and work.

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Build Trust

We are focused on building the best relationships. Our employees are passionate, competent, trusted advisers– driven to help change lives.

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Finance for Good

Whether helping you buy your dream home or supporting you to start a business, our team is on a mission to make finance a force for good.

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Transforming Life

Since 1949, we have been doing finance differently and helping people from all walks of life achieve their financial goals while bringing much-needed change to the finance industry.

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We are our Community

We believe community is about being connected – to our customers, and when you are more connected, you are more accountable. At Shriram Finance, this means frequently seeking our community's feedback and donating to causes we care about. We are they, and they are us – we are all in this together.

 

Board of Directors

Mr. Jugal Kishore Mohapatra

Chairman, Independent Director

Mr. Umesh Govind Revankar

Executive Vice Chairman

Mr. Y S Chakravarti

Managing Director and CEO

Mr. S. Sridhar

Independent Director

Mr. Pradeep Kumar Panja

Independent Director

Mrs. Maya S Sinha

Independent Director

Mr. Parag Sharma

Whole-Time Director designated as Joint Managing Director and Chief Financial Officer

Mr. D.V. Ravi

Non-Executive and Non-Independent Director

Mr. Ignatius Michael Viljoen

Non-Executive and Non-Independent Director

Our Journey

Explore Milestones that have made us what we are today!

1984

STFC: Initial Public Offering

1999

STFC: Tied up with Citicorp for CV financing under Portfolio Management Services (PMS)

 

The 1st securitization transaction by STFC

1979 

Shriram Transport Finance Company Limited (STFC) was established

1990

STFC: Investment from Telco & Ashok Leyland

2005-06

STFC: Merger of SIL and SOFL with STFC; PAT crosses Rs. 1,000 mn (2006) Investment from ChrysCapital (2005) and TPG (2006)

2009

Purchased hypothecation loan outstandings of commercial vehicles and construction equipments of GE Capital Services India and GE Capital Financial Services (GE) aggregating to approximately Rs. 11 bn

2002 –04

STFC: Preferential Allotment to Citicorp Finance (India) in 2002Preferential Allotment to Axis Bank and Reliance Capital in 2004

2009

STFC: Successfully placed Rs. 10 bn of NCD with domestic investors

2010

Initiated financing of construction equipment

2013

STFC: AUM crosses Rs. 500 billion

2010

STFC: Securitised Rs. 87.57 bn during FY 2010.
Successfully raised Rs. 5.84 bn through QIP with domestic & international investors.

2011

STFC: Introduced SAMIL – a dedicated platform for trading of pre-owned trucks at a fair value

2015-16

CRISIL upgraded long-term debt instruments and bank facilities, and FD to 'CRISIL AA+/FAAA/Stable' from 'CRISIL AA/FAA+/Positive‘
Merger of SEFCL with STFC

2017-18

Successfully raised Rs. 11.6 Bn through issuance of ‘Masala Bonds’ – Senior Secured Rupee Denominated Bonds’ listed on Singapore Stock Exchange

2015-16

STFC: FITCH upgraded long term issuer ratings to ‘IND AA+’ from ‘IND AA’

2016-17

STFC: Successfully raised Rs. 13.5 Bn through issuance of ‘Masala Bonds’ – Senior Secured Rupee Denominated Bonds’ listed on Singapore Stock Exchange

2018-19

STFC: Raised maximum permissible US$ 750 million through ECB route during the year FY 2018-19
AUM crosses Rs.1 trillion

2019-20

Raised Rs. 1.94 bn through issuance of NCD – Tranche II in January 2020

2017-18

Sold the controlling stake (55.44%) in its wholly owned subsidiary, SAMIL to MXC Solutions India Private Limited (MXC).

2019-20

Raised Rs. 4.9 bn through ECB in January 2020
Raised Rs. 34.9 billion through issuance of GMTN in April 2019, Rs. 17.14 bn in July 2019, Rs. 35.4 bn in Jan 2020

2020-21

Raised Rs. 36.69 bn  and Rs. 16.53 bn through issuance of GMTN in Jan 2021 and March 2021 respectively.

2021-22

Issuance and allotment of USD 0.475 bn 4.15 percent Senior Secured Notes due 2025 (Social Bonds) under the USD 3.500 bn GMTN programme in Jan’22.

2020-21

STFC: Raised Rs. 14.92 bn through right issue in August 2020

2021-22

Raised Rs. 19.99 bn through QIP issue in June 2021
Raised Rs. 5.0 bn through preferential allotment (2.5 bn) and conversion of warrants (2.5 bn) to Promoters.

2022-23

SCUF is engaged in the business of financing small and medium enterprises, dispensing loans for acquiring two-wheelers (both new and pre-owned), pre-owned cars, commercial vehicles and loan against pledged jewels

2022-23

STFC, now renamed as Shriram Finance Limited (SFL)

2022-23

STFC: Merger of SCUF and SCL with STFC in November 2022 (Appointed Date:- 1st April 2022)

2022-23

AUM of SCUF stood at Rs. 361.17 bn as on September 30, 2022

 
 
 

 

 

1979 

Shriram Transport Finance Company Limited (STFC) was established

1984

STFC: Initial Public Offering

 

 

 

 

1990

STFC: Investment from Telco & Ashok Leyland

1999

STFC: Tied up with Citicorp for CV financing under Portfolio Management Services (PMS)

 

The 1st securitization transaction by STFC

 

 

 

 

2002 –04

STFC: Preferential Allotment to Citicorp Finance (India) in 2002Preferential Allotment to Axis Bank and Reliance Capital in 2004

2005-06

STFC: Merger of SIL and SOFL with STFC; PAT crosses Rs. 1,000 mn (2006) Investment from ChrysCapital (2005) and TPG (2006)

 

 

 

 

2009

STFC: Successfully placed Rs. 10 bn of NCD with domestic investors

2009

Purchased hypothecation loan outstandings of commercial vehicles and construction equipments of GE Capital Services India and GE Capital Financial Services (GE) aggregating to approximately Rs. 11 bn

 

 

 

 

2010

STFC: Securitised Rs. 87.57 bn during FY 2010.
Successfully raised Rs. 5.84 bn through QIP with domestic & international investors.

2010

Initiated financing of construction equipment

 

 

 

 

2011

STFC: Introduced SAMIL – a dedicated platform for trading of pre-owned trucks at a fair value

2013

STFC: AUM crosses Rs. 500 billion

 

 

 

 

2015-16

STFC: FITCH upgraded long term issuer ratings to ‘IND AA+’ from ‘IND AA’

2015-16

CRISIL upgraded long-term debt instruments and bank facilities, and FD to 'CRISIL AA+/FAAA/Stable' from 'CRISIL AA/FAA+/Positive‘
Merger of SEFCL with STFC

 

 

 

 

2016-17

STFC: Successfully raised Rs. 13.5 Bn through issuance of ‘Masala Bonds’ – Senior Secured Rupee Denominated Bonds’ listed on Singapore Stock Exchange

2017-18

Successfully raised Rs. 11.6 Bn through issuance of ‘Masala Bonds’ – Senior Secured Rupee Denominated Bonds’ listed on Singapore Stock Exchange

 

 

 

 

2017-18

Sold the controlling stake (55.44%) in its wholly owned subsidiary, SAMIL to MXC Solutions India Private Limited (MXC).

2018-19

STFC: Raised maximum permissible US$ 750 million through ECB route during the year FY 2018-19
AUM crosses Rs.1 trillion

 

 

 

 

2019-20

Raised Rs. 4.9 bn through ECB in January 2020
Raised Rs. 34.9 billion through issuance of GMTN in April 2019, Rs. 17.14 bn in July 2019, Rs. 35.4 bn in Jan 2020

2019-20

Raised Rs. 1.94 bn through issuance of NCD – Tranche II in January 2020

 

 

 

 

2020-21

STFC: Raised Rs. 14.92 bn through right issue in August 2020

2020-21

Raised Rs. 36.69 bn  and Rs. 16.53 bn through issuance of GMTN in Jan 2021 and March 2021 respectively.

 

 

 

 

2021-22

Raised Rs. 19.99 bn through QIP issue in June 2021
Raised Rs. 5.0 bn through preferential allotment (2.5 bn) and conversion of warrants (2.5 bn) to Promoters.

2021-22

Issuance and allotment of USD 0.475 bn 4.15 percent Senior Secured Notes due 2025 (Social Bonds) under the USD 3.500 bn GMTN programme in Jan’22.

 

 

 

 

2022-23

STFC: Merger of SCUF and SCL with STFC in November 2022 (Appointed Date:- 1st April 2022)

2022-23

SCUF is engaged in the business of financing small and medium enterprises, dispensing loans for acquiring two-wheelers (both new and pre-owned), pre-owned cars, commercial vehicles and loan against pledged jewels

 

 

 

 

2022-23

AUM of SCUF stood at Rs. 361.17 bn as on September 30, 2022

2022-23

STFC, now renamed as Shriram Finance Limited (SFL)