Shriram Transport Finance Company (STFC) is expecting its assets under management (AUM) to remain flat in the ongoing fiscal (FY21) and post a double-digit growth next fiscal. In the fiscal ended March 2020, the company had seen its AUM grow by 5 percent to Rs 1,09,750 crore.
The urban markets, especially the metros, are not fully operationalised. While the rural market returned to normalcy in the last few months, the semi-urban was back to business by August. As 90 percent of company’s branches are in non-urban areas, it has not been impacted much by the COVID-19 pandemic.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.
