MoneyWorks4Me

Shriram Transport Finance aims 10-12% growth in AUM during FY22

05 May 2021 Evaluate

Shriram Transport Finance is looking at a 10-12 per cent growth in its asset under management (AUM) during fiscal 2021-22. Even though the demand is temporarily getting postponed because of the surge in COVID-19 cases, the company expecting it will come back by June. The company’s collections improved to 103 per cent in the fourth quarter of FY21 from 97 per cent in December 2020.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

Peers