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Shriram City Union Finance’s arm aiming loan book at Rs 10,000 crore by FY24

23 Jul 2021 Evaluate

Shriram City Union Finance’s subsidiary company -- Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at the Rs 10,000-crore mark. The company closed FY21 with a loan book of Rs 3,923 crore, which despite the pandemic washout has already crossed Rs 4,000 crore as of end-June. This means the company plans to add more than 1.5 times of its present book over the next 30 months.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.

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