Shriram Group
 | |
| Company type | Conglomerate |
|---|---|
| Industry | Financial services, insurance, real estate |
| Founded | 5 April 1974 |
| Headquarters | Chennai,Tamil Nadu, India |
Area served | India |
Key people | R. Thyagarajan (Chairman)[1] |
| Total assets |  ₹2.8lakhcrore(US$34 billion) (March 2024)[2] |
Number of employees | 122,500+ (March 2024)[2] |
| Subsidiaries |
|
| Website | www |
Shriram Groupis an Indianconglomerateheadquartered inChennai.It was founded on 5 April 1974 byR. Thyagarajan,[3]AVS Rajaand T. Jayaraman.[4][5][6]The group had its beginning inchit fundsbusiness and later on entered the lending and insurance businesses.
Companies
[edit]- Shriram Finance is the flagship company of the Group which provides financial services such as commercial vehicle finance, passenger vehicle finance,SMEfinance and retail lending (personal loans,gold loans and two-wheeler loans).[7]It is formed in 2022 as the result of a merger[8]of Shriram City Union Finance[9][10]and Shriram Capital into Shriram Transport Finance.[11]
- Shriram Housing Finance is a subsidiary of Shriram Finance and mainly provideshome loanservices.[12]
- Shriram Life Insurance is thelife insurancearm of the group, and a joint venture between Shriram Group and South African companySanlam.[13]
- Shriram General Insurance is engaged in commercial and retailvehicle insurance,home insuranceandtravel insurance.It is a joint venture between Shriram Group and Sanlam.[14]
- Shriram Financial Ventures is theholding companyandpromoterof Shriram Group's financial services and insurance businesses. It is jointly owned by Shriram Ownership Trust (SOT) and Sanlam Group.[15]
- Shriram Properties is a real estate developer focusing on mid-income housing projects, primarily inSouth India.[16]
- Shriram Fortune is the financial services distribution arm of the group.[17]
- Shriram AMC is anasset management companyfocused on mutual funds.[18]
- Shriram Insight is a retail stockbroker.[17]
- Shriram Wealth provideswealth managementadvisory services.[17]
- Shriram Automall is avehicle auctionplatform started as a subsidiary of Shriram Transport Finance. In 2018,CarTradeacquired a majority stake in Shriram Automall.[19]
References
[edit]- ^Narasimhan, T. E. (31 January 2012)."Why private equity loves the Shriram Group".Business Standard India.Retrieved11 April2021.
- ^ab"Shriram Capital Limited".Shriram Capital.Retrieved21 February2024.
- ^"R Thyagarajan, Shriram Ventures Ltd: Profile and Biography".Bloomberg.Retrieved8 September2020.
- ^"About the Group".
- ^Raghuvir Badrinath & T E Narasimhan (24 May 2012)."Shriram Group's Rs 400-cr PE plan to bind its cement foray".Business Standard.Retrieved7 August2012.
- ^Sanjay Vijayakumar & V Balasubramanian (27 May 2012)."Shriram Group founder R Thyagarajan bets on math and mathematicians for business success, not that much on B-school grads".Economic Times.Retrieved7 August2012.
- ^"Corporate Presentation/Investor updates of Shriram Finance Limited"(PDF).Shriram Finance.Retrieved19 December2022.
- ^"Shriram Capital, Shriram City Union Finance to merge with Shriram Transport Finance".Moneycontrol.Retrieved19 December2022.
- ^"Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4".Business Standard India.3 February 2021.Retrieved11 April2021.
- ^Balachandar, G."Aided by two-wheeler loans, Shriram City sees strong growth in Q3 disbursements".@businessline.Retrieved11 April2021.
- ^"India's largest commercial vehicle financier Shriram Transport sees 73% loan repayments in August".businesstoday.in.Retrieved11 April2021.
- ^"Shriram City Union Finance may seek investor for housing unit".The Economic Times.Retrieved11 April2021.
- ^"Sanlam to up stake in Shriram Life to 49%".@businessline.Retrieved11 April2021.
- ^Srivats, K. R."Shriram General Insurance on expansion spree".@businessline.Retrieved11 April2021.
- ^Jacob, Shine (23 November 2022)."Shriram Financial Ventures to be holding company in Shriram Group recast".Business Standard.Retrieved19 December2022.
- ^Sonavane, Ravindra N. (10 April 2021)."Shriram Properties files draft papers to raise ₹800 crore via IPO".mint.Retrieved11 April2021.
- ^abc"Shriram Capital mulls merger of group cos to facilitate exit of Piramal Group and TPG".The News Minute.30 October 2019.Retrieved11 April2021.
- ^"Shriram AMC to launch two new schemes in current fiscal".The Economic Times.Retrieved11 April2021.
- ^Thakkar, Ketan (25 January 2018)."CarTrade acquires 51 per cent in Shriram Automall to create India's largest online vehicle transaction platform".The Economic Times.Retrieved3 December2021.
External links
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