Shriram Finance Ltd.

Shriram Transport Finance Corporation (STFC), one of the country’s largest asset finance company is expecting 12-15 per cent growth in the second half of the current financial year. Meanwhile, the company’s subsidiary, which is into infrastructure equipment finance company, is planning to finance medical and industrial equipment finance.

Separately, the company which has received board’s approval to raise Rs 3,000 crore through NCD in four tranches, managed to raise around Rs 2,000 crore in three days this week.

Shriram Transport Finance is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.