Shriram Finance Ltd.

Shriram Automall India (SAMIL), a wholly-owned subsidiary of Shriram Transport Finance Company, is expecting a growth of 15-20 per cent in FY16. The company is in the process of constructing 10 more automalls, of them five are expected to be ready by the end of this financial year.

The company provides sale and disposal of pre-owned vehicles through a network of 55 automalls spread across the country.

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.