Incorporated in 1974, the Group is among the leading corporate houses in Southern India and a major player in the Indian financial services sector. The Group's main line of activities in financial services include chit fund, truck financing, consumer durable financing, stock broking, insurance broking and life insurance.
The Group's core business is its Rs. 6,000 cr truck finance empire with Rs. 360 cr net worth. The group has three truck finance companies namely Shriram Investments Limited, Shriram Transport Finance Company Limited and Shriram City Union Finance Limited. It also has a registered Non-Banking Finance Company (NBFC), named Shriram Overseas Finance Limited which has its corporate office in New Delhi. In addition to this, it has strategic alliances with financial majors namely Citicorp, UTI Bank and ChrysCapital.
It
has a customer base of 30 lakhs which include chit
subscribers and investors. It operates through a network
of 630 offices situated all over the country. It has
the largest agency force in the private sector consisting
of more than 75,000 dedicated agents. It is the largest
player in truck financing and chit funds in the Indian
subcontinent. It has an annual turnover of Rs. 6,000
cr ($1.3 bn), and has a significant presence in insurance
consultancy, consumer durable finance and stock broking
businesses. |
