Shriram Finance Ltd.

Shriram Transport Finance Company’s (STFC) - 100% subsidiary - Shriram Automall India (SAMIL), has entered into a strategic tie-up with State Bank of Bikaner & Jaipur (SBBJ). Through this tie-up, SAMIL will provide its services in order to facilitate the disposal of bank’s pre-owned cars and tractors. It will carry out the disposal of their assets through its bidding platforms.

SAMIL will conduct bidding events for the disposal of SBBJ’s pre-owned cars and tractors at its Automalls and yards. Apart from physical bidding, the company is also going to utilize its online bidding events, private treaty and one stop classified kiosk while following a 360 degree approach for better price realization on the assets.

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.