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About Us

45 Years

OF TRUSTED RELATIONSHIPS

₹ 2.14 Lac Cr

ASSETS UNDER MANAGEMENT (As on December 31, 2023)

3,037

BRANCHES ACROSS INDIA (As on December 31, 2023)

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Our Beginnings

Shriram Finance is the country’s one of the 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 49 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 December 31, 2023, with a network of 3,037 branches and a workforce of 73,485, Shriram Finance has combined Assets Under Management (AUM) worth ₹ 214,233 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 India’s leading NBFCs, with 8.22 Million (as on December 31, 2023) private and corporate customers across India. Shriram’s customers benefit from a broad range of diverse product portfolio: Fixed Deposits, Fixed Investment Plan, Commercial Vehicle Loans, Passenger Vehicle Loans, Construction Equipment Loans, Farm Equipment Loans, Two-Wheeler Loans, Gold Loans, MSME Finance and Personal Loans.

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.

People first

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.

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.

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.

People first

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.

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.

About Us - Who we are

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:

Value Relationships

Value Relationships

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

 Business Loan

Build Trust

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

Fixed deposit

Create Prosperity

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

Transform Lives

Transform Lives

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

Age

Build an Inclusive Society

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

Board of Directors

+626+23232

Mr. Jugal Kishore Mohapatra

Chairman, Independent Director

Mr. Umesh Govind Revankar

Mr. Umesh Govind Revankar

Executive Vice Chairman

Mr. Y S Chakravarti

Mr. Y S Chakravarti

Managing Director and CEO

Mr. S. Sridhar

Mr. S. Sridhar

Independent Director

Mr. Pradeep Kumar Panja

Mr. Pradeep Kumar Panja

Independent Director

Mrs. Maya S Sinha

Mrs. Maya S Sinha

Independent Director

Mr.S-Ravindrans_0_1.

Mr. S. Ravindran

Independent Director
Mr. Parag Sharma

Mr. Parag Sharma

Joint Managing Director and Chief Financial Officer
Mr. D.V. Ravi

Mr. D.V. Ravi

Non-Executive and Non-Independent Director

Mr. Ignatius Michael Viljoen

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 2002

Preferential 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 bnand 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

<p>Shriram Transport Finance Company Limited (STFC) was established</p>

1979

Shriram Transport Finance Company Limited (STFC) was established

1984

STFC: Initial Public Offering

1984

<p>STFC: Initial Public Offering</p>

1990

<p>STFC: Investment from Telco &amp; Ashok Leyland</p>

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

1999

<p>STFC: Tied up with Citicorp for CV financing under Portfolio Management Services (PMS)</p> <p>The 1st securitization transaction by STFC</p>

2002 - 04

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

2002 - 04

STFC: Preferential Allotment to Citicorp Finance (India) in 2002

Preferential 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)

2005 - 06

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

2009

<p>STFC: Successfully placed Rs. 10 bn of NCD with domestic investors</p>

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 

2009

<p>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 </p>

2010

<p>STFC: Securitised Rs. 87.57 bn during FY 2010.</p> <p>Successfully raised Rs. 5.84 bn through QIP with domestic &amp; international investors.</p>

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

2010

Initiated financing of construction equipment

2011

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

2011

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

2013

STFC: AUM crosses Rs. 500 billion

2013

STFC: AUM crosses Rs. 500 billion

2015-16

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

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

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

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

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)

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

2018-19

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

2019-20

<p>Raised Rs. 4.9 bn through ECB in January 2020</p> <p>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</p>

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

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

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

2020-21

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

2020-21

Raised Rs. 36.69 bnand 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

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.

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

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

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

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

2022-23

STFC, now renamed as Shriram Finance Limited (SFL)

2022-23

STFC, now renamed as Shriram Finance Limited (SFL)