Shriram Finance Ltd.

Credit rating agency, CARE has assigned ‘AA+’ rating to Shriram Transport Finance Company’s Non convertible Debenture (NCD) worth Rs 300 crore. The company has received the rating on the back of its leadership position and almost three decades of experience in the pre-owned commercial vehicle (CV) financing segment, comfortable capital adequacy, overall healthy profitability parameters, strong resource raising capabilities, and proactive and experienced management team.

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.