Shriram Finance Ltd.

Shriram Finance is planning to double its loan book in 3 years in Uttar Pradesh, driven by a focus on MSME loans. The Assets Under Management (AUM) stand at Rs 10,770 crore (As of Sep-22) and the company plans to expand it to over Rs 20,000 crore in 3 years in UP.

The growth strategy will be focused on growing the MSME loan book since UP has the largest number of MSMEs registered under Udyam and the opportunity to provide finance to MSMEs in the state is significant. The company has also had tremendous success in financing 80,000 two-wheelers in Oct-Dec 2022 in Uttar Pradesh and the majority of their customers are self-employed. UP is the largest market for 2-wheeler sales compared to other states in 2022 and Shriram Finance has a leadership position in the state.

Shriram Finance is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.