Shriram Finance Ltd.

India's largest asset based non-banking finance company -Shriram Transport Finance Company- has reported results for the quarter ended June 30, 2011.

The company ‘s profit after tax for the quarter  has registered growth of 20.20% at Rs 347.30 crore as compared to Rs 288.94 crore for the quarter ended June 30, 2010. Its total income has increased by 13.87% at Rs 1465.43 crore for the quarter under review from Rs 1286.93 crore for the corresponding quarter of the previous year.

STFCL is the flagship company of the Chennai based Shriram Group and is classified as deposit taking asset finance NBFC, with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators. It is the largest asset financing NBFC in India concentrated mainly in pre-owned vehicle financing business.