Shriram Finance Ltd.

Shriram Finance’s Assets Under Management (AUM) in Tamil Nadu touched Rs 30,000 crore. The growth has been on the back of an economic turnaround, rural markets revival and pick-up in infrastructural activity. This has in turn driven up demand for financing of commercial vehicles, micro, small and medium enterprises (MSME) and two-wheelers. Shriram Finance caters to the diversified financial needs of 10,60,000 customers through its 675 branches and over 12,000 employees in the state.

The company has a large fixed deposit franchise in Tamil Nadu totalling over Rs 4,290 crore, with over 64,000 depositors. The growth strategy for the company will be focused on driving the self-employed and the MSME economy.

Shriram Finance is India’s largest retail asset financing Non-Banking Finance Company (NBFC) with Assets under Management (AUM) of Rs 1.71 trillion. Recently Shriram City Union Finance and Shriram Capital merged with Shriram Transport Finance Company and was subsequently renamed Shriram Finance.