Shriram Finance (1208 to 1828)
Recommended on: 22-Feb-2023
Recommended Price: 1208
Today’s High: 1828
Till Date Return: 51.32%
Date High Made: 05-July-2023
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History of Shriram Finance Ltd
Shriram Transport Finance Company Ltd was incorporated on June 30, 1978 as a public limited company. The company was formed with a view to provide hire purchase and lease finance for the medium and heavy commercial vehicles. In the span of 20 years, the company had fortified their presence in the market, on account of their focused business segment, a wide geographical coverage, an effective credit monitoring and appraisal system, which has resulted in high growth in business and profitability. They have also made several strategic acquisitions and partnerships over the years to expand their offerings and reach.
Shriram Finance Ltd: A Flagship Company of Shriram Group
Shriram Finance is a flagship company of Shriram Group, a diversified group with interests in financial services. The company offers a range of financial services including 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.
Pan-India Presence and Network of Branches
Shriram Finance has a pan-India presence with a network of 1,854 branches and employs 25,456 employees including 19,475 business teams. They have a vertically integrated business model and offer a number of products which include: Pre-owned CV financing, New CV financing, and other loans like accidental repair loans, tyre loans, and working capital finance, etc.
Organized Financing of Pre-Owned Trucks
Shriram Finance is a leader in organized financing of pre-owned trucks with strategic presence in 5-10 year old trucks. They have fortified their presence in the market, on account of their focused business segment, a wide geographical coverage, an effective credit monitoring and appraisal system, which has resulted in high growth in business and profitability.
Range of Financing Products
Shriram Finance offers a range of financing products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc. They have also extended their operations to financing of passenger commercial vehicles, second-hand tractors and construction equipment.