Shriram Finance Ltd.

Shriram Transport Finance is planning to mop up around Rs 1,000 crore through public issue (debt issuance). The company would require around Rs 20,000-25,000 crore to meet its disbursements and major chunk of which will be met through debt and from its own business.

Besides, the NBFC arm of Rs 60,000 crore Shriram Group is also planning to enter rental business for vehicles and equipments.

Shriram Transport Finance is the 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. It is the largest asset financing NBFC in India concentrated mainly in the pre-owned vehicle financing business.