Shriram Finance, a leading Non-Banking Financial Company (NBFC) in India, is a part of the 49 year old Shriram Group, with a primary focus on serving underserved segments of the society. Over the decades, the company has grown into a trusted partner among the masses, offering a diverse range of financial products and services. Shriram Finance is a merger of three entities – Shriram Transport Finance Company Limited, Shriram City Union Finance Limited, and Shriram Capital Limited
Shriram Finance has more than 8.71 million customers across the length and breadth of India. They have more than 3095 branches across agrarian lands to vibrant cosmopolitan cities of India and has a workforce strength of more than 75000. The combined AUM of Shriram Finance is ₹ 233,443 crores
Powered by cutting-edge technology, Shriram Finance has consistently worked towards promoting financial inclusion and needs of the growing urban population.
Vision and Mission
- Vision: To be the most preferred financial services destination for people and businesses across India
- Mission: To provide customized financial solutions through innovation, technology, and a deep understanding of customer needs, ensuring every segment of society has access to credit and financial services.
Products and Services
Shriram Finance offers a wide array of financial products and services tailored to the needs of diverse customer segments
- Vehicle Loans: Get personal loan for two wheelers, cars, used-vehicles, and commercial vehicles
- Business Loans: Secured and unsecured loans for SMEs and traders. They have a separate line of vehicle loans designed for small businesses such as goods transportation and passenger transportation
- Personal Loans: Customized personal loans to meet all kinds of expenses without any restrictions on end-usage
- Fixed Deposits: Offering high-interest fixed deposit schemes with flexible tenures and interest rates upto 9.40% p.a.
- Fixed Investment plan: It combines the stability of fixed returns with a flexible monthly savings plan with flexible instalment options ranging from 12-48 months
- Gold Loans: Quick and easy loans against gold to meet urgent financial needs.
- Insurance Solutions: General and life insurance products to protect customers and their families.
- Digital Gold and Silver: Investors can buy and sell digital gold and silver to grow their investment portfolio. Digital gold and silver investments help to diversify your portfolio, even out market fluctuations, and ensure financial stability.
Corporate Social Responsibility (CSR)
Shriram Finance is committed to improving the quality of life in the communities it serves through various CSR initiatives:
- Healthcare: Organizing various health camps and providing medical infrastructure in rural and semi-urban areas.
- Education: Providing scholarships and financial assistance to underprivileged and students from marginalized sections of the society.
- Environment Sustainability: Promoting green initiatives like tree plantation drives and reducing the company’s carbon footprint through paperless process
- Financial Literacy: Conducting financial literacy programs to create an awareness about savings, investments, and other healthy financial habits in people.
Awards and Recognitions
- ‘Best Tech-driven NBFC of the year 2022’ at the 4th Annual India NBFC Summit & Awards, organized by Quantic India in September. 2022
- Great Place to Work®, and the Top 25 India’s Best Workplaces in BFSI in 2023
- 3rd position in Top rated mega company at ABECA 2024 by AmbitionBox
Conclusion
Shriram Finance has played a pivotal role in transforming the NBFC landscape in India through its innovative financial inclusivity schemes and projects. With a commitment to excellence, a diverse product portfolio, and a deep-rooted understanding of its customers, Shriram Finance continues to empower millions of individuals and businesses across the India, earning the trust of millions of investors.
