Shriram Group of companies is a diversified group with interests in financial services viz. Commercial vehicle finance, Consumer Finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds.
Shriram Group
The total Turnover of Shriram Group is more than 90,000 Cr Today and had its humble beginnings in the Chit Fund business over three decades ago.
R Thyagarajan, AVS Raja and T Jayaraman were the “three musketeers” who ventured into these Companies. Not many in the Financial services industry thought at that time, this small Chit Funds business in Chennai would indeed be the foundation for the financial conglomerate that Shriram is today.
Shriram Group’s businesses strive to serve the largest number of common people. The Group has presence in
- Commercial Vehicle Financing,
- Consumer & Enterprise Finance,
- Retail Stock Broking,
- Life Insurance,
- Chit Funds and
- Distribution of Investment & Insurance Products.
The Group has also made investments in Manufacturing, Value Added Services, Project Development, Engineering Services, Pharmaceuticals, Machined & Auto Components, Press Dies & Sheet Metal Stamping, Packaging, Information Technology, Property Development etc
List of Shriram Group of Companies
So here is the List of Shriram Group of companies which are sorted out based on the sales.
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Shriram Transport Finance Company Limited (STFC)
Established in 1979, STFC is an asset financing Non-Banking Finance Company. Shriram Transport Finance Company Limited (STFC) is the flagship company of Shriram Group.
Headquartered in Mumbai, STFC has played a credible role in financial inclusion of millions
of First Time Buyers (FTBs) and driver-turned owner (DTO) by offering affordable finance on pre-owned commercial vehicles (CVs).
- Sales: ₹ 17,436 crores
- 24,452 employees
- 1,817 branches,
- 820 rural centers and partnerships with ~500 private financiers.
A professionally managed company, STFC has fostered the culture of entrepreneurship across all levels in the organization. STFC, being a pioneer in pre-owned CV segment, has institutionalized its expertise in loan origination, valuation and collection.
Over the years, STFC has created “an ecosystem of empowerment” by expanding its products and services to encompass similar asset classes (pre-owned and new commercial
and passenger vehicles, tractors, 3 wheelers, multi-utility vehicles, etc.) and ancillary services (finance for working capital, engine replacement, small business finance loans, tyre-loans and fuel loans as holistic financing support).
Shriram City Union Finance Ltd
Incorporated in the year 1986, Shriram City is prominent in the retail financing space, and among the largest financiers of MSMEs and Two Wheelers in the country. It also offers multiple loan products for acquiring assets such as commercial vehicles, passenger vehicles and home loans.
- Sales: ₹ 6,282 Cr
- 947 branches,
- Assets under Management of over Rs. 29085 Crore and a
- Current customer base of almost 40.76 Lakh borrowers.
The Company is primarily engaged in the business of financing small and medium enterprises, dispensing loans for acquiring two-wheelers (both new and pre-owned), pre-owned cars, commercial vehicles and loan against pledged jewels. It also provides personal loans. The Company is a Deposit Accepting Non- Banking Finance Company (NBFC) registered as a Loan Company with the Reserve Bank of India (RBI) and Ministry of Corporate Affairs.
In addition, it offers loan against gold ornaments and for personal consumption. A deposit-accepting NBFC, Shriram City is a part of Shriram Group which is in the forty-fifth year of its existence.
Shriram Capital Limited (SCL)
Shriram Capital Limited (SCL) is the overarching holding company for the Financial Services and Insurance entities of the Shriram Group, created with the primary objective of optimizing the synergies across the Group’s entities.
- Overall customer base in excess of 12 Million,
- Around 77,000 employees across 3,850 offices,
- Net profit of INR 22 billion
- Assets Under Management (AUM) in excess of over INR 1,500 billion.
SCL is well-positioned to take the Group to next strategic level through consolidating its position in some of the key businesses like Transport Finance, SME finance and providing the necessary impetus to grow its Retail Finance businesses.
SCL helps to grow the Insurance businesses (both Life & General Insurance) in the Group with optimal profit. The strategic reorientation of SCL will help Shriram Group to be a significant and profitable enterprise in various facets of the Financial Services businesses in India and overseas.
Shriram General Insurance Co
Shriram General Insurance Co. is a joint venture between Shriram Capital Ltd. and Sanlam Limited (South Africa). We are licensed with IRDAI (Insurance Regulatory and Development Authority of India) and preferred insurance partner of IRCTC.
Shriram General Insurance offers a wide range of general insurance solutions including Motor, Travel, Home and more that are designed to fit every need, every minute and every situation. So, next time you are looking for an affordable and inclusive risk cover, Insure with us and Rest Assured in life.
Shriram Life Insurance Company
The Shriram Life Insurance Company was founded with the objective of reaching out to the “common man” with products and services that would be helpful to him as he sets out on the path to “prosperity”.
Shriram Asset Management Company Limited
Shriram Asset Management Company Limited is an integral part of the ‘Shriram’ Group which has a significant presence in financial services such as commercial vehicle, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products.
The Company was incorporated on 27th July, 1994, and received the Certificate of Commencement of Business on 5th December, 1994.
Shriram Fortune Solutions Ltd (SFSL)
Shriram Fortune Solutions Ltd. (SFSL) is among India’s premier integrated financial services provider backed by the Shriram Group of Chennai, helping people protect and grow their wealth with ease.
SFSL has wide network of over 140 branches and presence in more than 200 locations across the country. In these years, SFSL has serviced more than 10 lac customers for various products.
Organisation is professionally managed and supported by the knowledge, expertise, guidance, and experience of over 700 employees and a large group of business associates engaged in Fixed Deposit business and marketing activities.
Shriram Housing Finance Limited (SHFL)
Shriram Housing Finance Limited (SHFL) is a housing finance organisation registered with the National Housing Bank (NHB). On 4th August, 2011, the company received its Certificate of Registration from National Housing Bank (NHB) as required under Section 29A of the National Housing Bank Act, 1987.
The primary operation of the Company is providing loans for the purchase or construction of residential space and loans against property.
Shriram Properties
Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.
The is among the five largest residential real estate companies in South India, including specifically in Bengaluru and Chennai, in terms of number of aggregate units launched in the calendar years 2012 to 2017 and the six months ended June 30, 2018.
Shriram Properties also present in the mid-market premium and luxury housing categories, commercial and office space category as well as plotted development category.
The company commenced operations in Bengaluru in the year 2000 and, have expanded presence to other cities in South India. The company have 25 completed projects, representing 12.86 million square feet of Saleable Area, out of which 20 completed projects in the cities of Bengaluru and Chennai accounted for 87.69% of Saleable Area.
Other Businesses
Shriram Insight is a focused brokerage firm in the retail space with a pan India presence. At present the company has a point of presence in around 700 centers covering 200 cities and towns mostly in the Tier II & III levels spread across the country .
Currently the company has a client base of over 185,000 in broking and over 165000 in its depository business one of the leading broker in Eastern India both for NSE, BSE, as also a leading DP in CDSL.
Shriram Wealth Ltd is an integrated wealth management advisory services company, backed by Shriram Group of Chennai. The objective of Shriram Wealth is to provide affordable high quality wealth advisory and research services to the middle class masses and bring a transformational change to their economic well-being
Shriram Wealth plans to provide Wealth Management Advisory Services and research platform to existing clients of Shriram Group and also new clients.
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