Shriram Finance Ltd is one of India’s leading retail-focused Non-Banking Financial Companies (NBFCs), playing a pivotal role in the country’s financial sector. Formed through the merger of major Shriram Group entities in 2022, Shriram Finance has emerged as India’s largest retail NBFC (1. business-standard.com). It offers a diverse range of credit products — from commercial vehicle and auto loans to small business, personal, and gold loans — serving millions of customers across urban and rural India (2. fortuneindia.com).
The company’s significant scale (The latest Asset Under Management is ₹2.63 trillion (Mar 2025) 3. cdn.shriramfinance.in. ) and extensive branch network underscore its importance in providing financial access to underserved segments (4. fortuneindia.com 5. livemint.com) . Shriram Finance’s focus on the self-employed and micro, small and medium enterprises (MSMEs) fills a crucial gap left by traditional banks, reinforcing its formal and informative presence in the Indian financial ecosystem.
History
Shriram Finance’s roots trace back to the Shriram Group, founded in 1974 by R. Thyagarajan and partners, which began as a chit-fund business in Chennai (6. livemint.com). The flagship lending arm Shriram Transport Finance Company (STFC) was incorporated in 1979 to provide hire-purchase financing for commercial vehicles(7. livemint.com). Starting with financing second-hand trucks (often called the “truck driver’s bank”), STFC grew steadily and even launched an IPO in 1984, establishing itself as India’s largest commercial vehicle financer over the decades (8. business-standard.com). In 1986, the group founded Shriram City Union Finance (SCUF) in Chennai, expanding into consumer and SME financing – notably two-wheeler loans, small enterprise loans, and later gold loanslivemint.com. Through the 1990s and 2000s, both NBFCs expanded their reach and product offerings, catering largely to customers in semi-urban and rural areas often overlooked by banksfortuneindia.com.
Major milestones include strategic investments by renowned investors: for instance, Piramal Enterprises and TPG Capital took stakes in Shriram companies in the 2010s, reflecting confidence in the group’s business modelfortuneindia.com. By 2021, Shriram Transport and Shriram City had become household names in their niches, each with decades of profitable growth and a combined customer base in the millions. Recognizing the complementary strengths, the Shriram Group announced a merger in December 2021 to simplify its corporate structure and unite its lending businessesmoneycontrol.commoneycontrol.com. Under a composite scheme, Shriram Transport Finance Company, Shriram City Union Finance, and the holding entity Shriram Capital would amalgamate into a single entity – a step aimed at bringing all financial services under one roofmoneycontrol.com.
After receiving shareholder, creditor, and regulatory approvals in 2022moneycontrol.commoneycontrol.com, the merger took effect in late 2022. Shriram Finance Limited was formally launched as the merged entity, with the stock ticker symbol changing from SRTRANSFIN to SHRIRAMFIN on December 20, 2022angelone.in. This marked the rebranding of Shriram Transport Finance to Shriram Finance Ltd, signaling a new era for the company. At its inception, Shriram Finance had an impressive net worth of about ₹40,900 crore and Assets Under Management (AUM) of roughly ₹1.71 trillion, instantly making it the largest retail NBFC in Indiabusiness-standard.com. The merger was described by management as “the natural culmination of a journey of 43 years,” uniting commercial vehicle finance with two-wheeler, gold, personal and MSME finance capabilities in one companylivemint.commoneycontrol.com. Key early milestones in Shriram Finance’s history include the seamless integration of branch networks and IT systems, and the adoption of a common brand identity across its pan-India operations by 2023. The legacy of the group’s founder R. Thyagarajan – who believed business must primarily serve societal needs – continues to guide the merged company’s ethoslivemint.com.
Current Operations
As a diversified NBFC, Shriram Finance Ltd’s operations span multiple financing verticals that cater to a broad spectrum of customers. Its core business remains commercial vehicle (CV) finance, where it is the market leader in lending for trucks, buses, and other heavy vehicles – particularly in the pre-owned vehicle segmentbusiness-standard.com. The company provides loans for passenger vehicles and cars as well, extending its auto financing expertise beyond just freight transportfortuneindia.com. Another key offering is two-wheeler loans, inherited from the Shriram City Union legacy, making Shriram Finance one of the largest financiers of two-wheelers in Indialivemint.com.
In the retail lending space, Shriram Finance serves micro and small enterprises (SMEs) by providing business loans and working capital financing. These SME loans often support shopkeepers, small manufacturers, and service providers who have limited access to bank credit, aligning with the company’s mission to empower the self-employed segment. The company also extends personal loans to individuals for various needs, leveraging its deep reach among non-salaried customers. Additionally, gold loans form an important product category – customers can borrow against gold jewellery, a popular form of quick credit in semi-urban and rural markets that Shriram Finance competes inmoneycontrol.com.
Notably, Shriram Finance has a sizable fixed deposit (FD) franchise as a deposit-taking NBFC, which not only provides an alternate investment option to the public but also serves as a stable funding source for the company. Through its 3,200+ branches and rural centers nationwidefortuneindia.com, the company reaches over 9 million customers ranging from first-time truck owners and small businessmen to salaried individuals and rural households. Around 68% of Shriram’s lending business comes from semi-urban and rural areas, highlighting its focus on underserved geographiesfortuneindia.com.
Shriram Finance’s product mix and customer segments reflect its evolution into a one-stop financial services provider. A customer can approach the company for financing a truck or commercial vehicle, and later also avail a two-wheeler loan for personal use or a gold loan for emergency funds, all through the same relationship. The merger has enabled cross-selling: branches that earlier offered only vehicle loans can now also offer SME, personal, and gold loans under the unified Shriram Finance umbrellafortuneindia.com. Furthermore, the company has interests in allied businesses – it holds a stake in Shriram Automall India Ltd, a marketplace for used vehicles, and it cross-sells insurance products (life and general insurance from Shriram Life and Shriram General) to its loan customersen.wikipedia.orgen.wikipedia.org. In summary, Shriram Finance’s current operations encompass a wide array of lending and financial services that collectively drive financial inclusion and cater to the credit needs of India’s burgeoning semi-urban economy.
Key Personnel
Shriram Finance’s leadership team and board comprise seasoned professionals from both within the Shriram Group and outside experts, ensuring strong governance and strategic guidance. Below are some of the top management and board members (with their roles and brief bios):
Mr. Jugal Kishore Mohapatra – Chairman (Independent Director): A retired Indian Administrative Service (IAS) officer of the Odisha cadre, Mr. Mohapatra brings decades of public service and policy experience. He holds a post-graduate degree from Delhi School of Economics and a Master’s from Boston University. Formerly, he has served as an advisor and chairman in institutions like NABARD Financial Services and has been Shriram Finance’s Non-Executive Chairman since December 2022livemint.com.
Mr. Umesh Govind Revankar – Executive Vice Chairman: A Shriram Group veteran with over 35 years of experiencecdn.shriramfinance.in, Umesh Revankar earlier served as the Managing Director & CEO of Shriram Transport Finance. He has been instrumental in building the company’s commercial vehicle finance franchise. As Executive Vice Chairman of Shriram Finance, he oversees strategic initiatives and mentors the management team. Revankar is known for his deep understanding of the rural lending market and has steered the company to consistent growthlivemint.com.
Mr. Y.S. Chakravarti – Managing Director & CEO: With a career at Shriram spanning over three decades, Chakravarti rose through the ranks after starting at Shriram Chits in 1991cdn.shriramfinance.in. Prior to the merger, he was MD & CEO of Shriram City Union Finance, where he built the SME and consumer finance business. Now as MD & CEO of Shriram Finance, Chakravarti focuses on sustainable growth (targeting ~15% annual AUM growth) and leveraging the merged entity’s strengthsfortuneindia.com. He holds a commerce degree and is respected for his prudent approach to lending and market insight.
Mr. Parag Sharma – Joint Managing Director & CFO: Parag Sharma is a finance professional who has been with the Shriram Group for about 30 yearscdn.shriramfinance.in. A qualified cost accountant (CWA) and commerce graduate, he served as Chief Financial Officer of Shriram Transport Finance for many years and now holds the dual role of Joint MD and Chief Financial Officer at Shriram Financecdn.shriramfinance.in. He is an expert in treasury, resource mobilization, and risk management, ensuring the company’s finances remain robust post-merger.
Mr. S. Sunder – Joint Managing Director: S. Sunder has extensive experience in the financial industry and was previously an executive leader in STFC. As Joint MD of Shriram Finance, he plays a key role in operations and integration of various business verticals. Under his co-leadership with Mr. Sharma, Shriram Finance has expanded its branch network and workforce significantly to capitalize on new opportunitiesfortuneindia.comfortuneindia.com.
Mrs. Maya Sinha – Independent Director: A former Indian Revenue Service officer (Income Tax cadre), Maya Sinha brings regulatory and entrepreneurial experience. She holds degrees in Economics and Mathematics and was a founder-director of an investment advisory firmen.wikipedia.org. On Shriram’s board, she contributes expertise in compliance, governance and strategy, having been appointed in late 2022livemint.com.
Mr. S. Sriram (S. Sridhar) – Independent Director: (Referred to as S. Sridhar in some sources) He is a veteran banker who served as Chairman and Managing Director of Central Bank of India. With nearly four decades in banking, he adds valuable perspective on financial services and risk. Sridhar joined Shriram Finance’s board as an independent director, bolstering its governance with his experience in corporate banking and policyen.wikipedia.org.
Mr. Pradeep Kumar Panja – Independent Director: A former Managing Director (Corporate Banking) at State Bank of India, P.K. Panja is an expert in banking and finance with a Masters in Statistics. On the board, he contributes to audit and risk oversight, drawing on his long career at SBI and board positions in other companies.
Mr. D.V. Ravi – Non-Executive Director: D.V. Ravi is a senior Shriram Group executive who started his career with Shriram in 1992cdn.shriramfinance.in. He co-founded a successful tech venture (TAKE Solutions) and is Vice Chairman & MD of Shriram Financial Ventures, the holding company of Shriram’s financial services. As a director on Shriram Finance’s board, he represents the Shriram Ownership Trust (promoter group) and provides strategic directioncdn.shriramfinance.incdn.shriramfinance.in.
Mr. Ignatius Michael Viljoen – Non-Executive Director (Sanlam Nominee): Representing the South Africa-based Sanlam Group (a major investor in Shriram), Mr. Viljoen brings international perspective. Associated with Sanlam since 2003, he heads credit portfolio management for Sanlam’s Pan-Africa investmentscdn.shriramfinance.in. On the board of Shriram Finance, he advises on risk and aligns the company with global best practices as a nominee of Sanlam, which owns a significant stake in the Shriram Group.
Figure: Shriram Finance’s top leadership team (from left: Parag Sharma – Joint MD & CFO, S. Sunder – Joint MD, Y.S. Chakravarti – MD & CEO, Umesh Revankar – Vice Chairman) has driven the company’s post-merger integration and growthfortuneindia.com.
This blend of professional management and independent oversight has positioned Shriram Finance with a capable leadership to navigate the competitive NBFC landscape. The Board of Directors is backed by various committees (Audit, Risk, etc.) to ensure sound corporate governance, and the presence of industry veterans and former regulators on the board enhances stakeholder confidence.
Working Structure and Strategy
Post-merger, Shriram Finance operates with an integrated organizational structure that combines the strengths of its predecessor companies. The working structure is designed to be customer-centric, with geographical clusters of branches and field offices empowered to serve all the financial needs of local customers. Each branch now offers the full suite of products (commercial vehicle loans, SME loans, two-wheeler and gold loans, etc.), a change from earlier when product lines were split between different Shriram companiesfortuneindia.com. This unified branch structure has significantly improved customer convenience and cross-selling opportunities. In fact, soon after the merger, the company expanded gold loan and SME loan offerings from just ~600 Shriram City branches to over 1,000 branches including former transport finance offices, boosting outreach in new areasfortuneindia.com.
The decision-making process at Shriram Finance balances centralized oversight with decentralized execution. Credit policies and risk frameworks are set at the head-office level (under the guidance of the board and top executives like the CFO and Chief Risk Officer), ensuring uniform standards. However, loan approvals, especially for smaller-ticket loans, leverage the local expertise of field officers. Front-line staff are trained to understand the creditworthiness of truck operators or small business owners in their region — a practice inherited from Shriram’s long tradition of relationship-based lending. This empowers ground-level teams to make quick decisions while adhering to broad risk guardrails. The company’s management often highlights that being close to the customer (“we are always close to the market with our 3600+ locations” as Mr. Chakravarti noted) is a competitive advantagelivemint.com. Regular meetings and review mechanisms are in place to ensure that insights from branch operations feed back into strategy, and any credit issues are swiftly identified and addressed.
In recent years, Shriram Finance has embarked on a strong digital transformation initiative to modernize its operations and enhance customer engagement. Recognizing the fintech wave in India, the company has invested heavily in technology – from upgrading its core lending platforms to deploying analytics for credit scoring. According to the executive vice chairman, these investments in tech aim to improve efficiency and customer service levelslivemint.com. A notable digital initiative is Shriram Finance’s plan to launch a comprehensive suite of digital payment solutions. In 2025, the company announced it is seeking RBI approval to become a Payment System Operator, intending to introduce mobile wallets, prepaid cards (for say, fuel/food), UPI/FASTag payment services, and morebfsi.eletsonline.combfsi.eletsonline.com. This foray into digital payments is a strategic move to deepen customer engagement – it would allow Shriram’s largely rural and semi-urban customer base to transact digitally under the Shriram brand, providing convenience and fostering loyaltybfsi.eletsonline.com. By integrating digital payments into its offerings, Shriram Finance envisions an ecosystem where a trucking customer, for example, can not only get a truck loan but also use a Shriram wallet for daily expenses and fuel, all linked to their loan account.
The company’s customer engagement strategy thus blends “high-touch” and “high-tech” approaches. On one hand, Shriram Finance maintains one of the largest field forces in the NBFC sector (nearly 80,000 employees) who personally connect with customers for loan origination, collections, and service queriesfortuneindia.com. On the other hand, it is rolling out mobile apps, online account management portals, and digital payment solutions for tech-savvy customers. This phygital strategy (physical + digital) ensures that while long-time clients still receive the familiar face-to-face service, the younger and urban customers can engage through digital channels. The company’s “feet-on-street” model remains crucial for credit evaluation in segments like used truck financing (where understanding the customer’s business is key), but processes are now augmented by data analytics, credit bureau integrations, and AI-based tools for faster decisioning. Shriram’s internal culture also emphasizes empowered employees – front-line managers are given targets and the autonomy to meet them, with incentives aligned to portfolio quality and customer satisfaction.
Organizationally, Shriram Finance is led by its MD & CEO with two Joint Managing Directors overseeing major divisions (e.g., one focusing on vehicle finance and the other on retail loans, along with the CFO managing finance). The governance framework includes committees for risk management, asset-liability management, IT strategy, etc., reflecting its status as a large deposit-taking NBFC. Importantly, despite the merger, the company managed to avoid large-scale redundancies; instead, it added over 20,000 employees in two years to support new business and branch expansionfortuneindia.com. This indicates a growth-oriented working structure where human resources are seen as assets for expansion rather than costs to cut – a somewhat unique outcome for a large merger in financial services.
Finally, customer engagement is reinforced by community-oriented marketing – many Shriram branches host borrower meet-ups, financial literacy camps, and events for truck driver welfare, building trust at the grassroots. The combination of local touchpoints and digital transformation illustrates Shriram Finance’s adaptive working structure as it aims to stay competitive in an evolving financial landscape.
Financial Overview
Shriram Finance’s financial performance in recent years reflects its expanded scale and healthy growth post-merger. In the fiscal year 2023-24, the company reported consolidated revenues of roughly ₹36,380 crore and a net profit of about ₹7,391 croremoneycontrol.com. This marked a substantial jump from pre-merger levels – for instance, two years earlier in FY2021-22, STFC (standalone) and SCUF together had roughly ₹19,255 crore in revenue and ₹2,708 crore in net profitmoneycontrol.com. The merger synergies and India’s economic rebound have thus nearly tripled annual profits in a short span. In FY2024-25, growth continued: for the quarter ending March 2025, standalone profit rose ~10% YoY to ₹2,139 crorebusiness-standard.com, and full-year consolidated profit reached approximately ₹9,564 croremoneycontrol.com – a further ~30% jump, highlighting strong momentum. Key profitability metrics are robust: net interest income for Q4 FY25 grew 13.4% YoY to ₹6,051 crore, with a net interest margin (NIM) of 8.25%business-standard.com. While NIM compressed slightly from the previous year’s 9% level due to higher funding costsbusiness-standard.com, it remains healthy for the industry. The company’s asset quality has been stable; credit costs were about 2% in FY24, and Shriram has maintained adequate provisions to manage any rise in delinquenciesfortuneindia.com. In fact, rating agencies have taken note – S&P upgraded Shriram Finance’s credit rating in 2024, citing its strengthened balance sheet and diversified portfolio (as per news reports)business-standard.com.
Shriram Finance’s Assets Under Management have grown steadily, reaching ₹2.63 trillion by Q4 FY25 (approx ₹2.54 trillion by Dec 2024)business-standard.comfortuneindia.com. This ~17% YoY AUM growth (slowest since the merger, yet strong) signals robust demand across its lending segments. Disbursements have been buoyant in used vehicle finance, MSME loans, and other areas, even as the company takes a measured approach to expansion. The capital adequacy remains comfortable, backed by its large net worth and periodic capital raises (the company has not done a fresh equity raise post-merger, but internal accruals have bolstered capital). Return on Equity (ROE) improved to about 16-17% in FY25 from ~10% pre-merger, thanks to better economies of scale and profitabilitymoneycontrol.com. A snapshot of recent yearly metrics, as per Moneycontrol data, shows the trajectory: revenue rose from ₹19,255 Cr in FY22 to ₹41,834 Cr in FY25, while net profit jumped from ₹2,708 Cr to ₹9,564 Cr in the same periodmoneycontrol.com.
Investors have been tracking these gains closely, as reflected in the Shriram Finance share price. following a day of high-volume tradingmoneycontrol.com. Market observers noted that even a modest 1.23% decline that day drew attention due to the heavy volumes and the stock’s inclusion in major indicesmoneycontrol.commoneycontrol.com. Over a longer horizon, the stock has delivered substantial returns – it was noted in financial media that Shriram’s stock rose about 6x from the 2018 IL&FS crisis low through 2022, and has since been consolidating as the merged entity’s performance unfolds. Moneycontrol and other platforms regularly cover Shriram Finance share price movements and broker analyses; for example, recent brokerage reports have set price targets in the ₹640–700 range, reflecting cautious optimism about the company’s growth prospectsmoneycontrol.comindianexpress.com. The company’s market capitalization (around ₹1.3 lakh crore in mid-2025) places it among the top financial sector players in India, and its stock is part of the Nifty Midcap and Nifty100 indices, making it a widely held counter.
From a shareholder perspective, Shriram Finance has also been a steady dividend payer, maintaining a healthy payout ratio (~20-25%). In FY25, it declared a dividend of ₹3 per share as the profits climbedthehindu.com. Liquidity remains well-managed – the company has diversified funding sources, including retail deposits (fixed deposits), non-convertible debentures, bank loans, and overseas borrowings. In 2023-24, Shriram Finance successfully raised $1.27 billion via a syndicated loan, indicating strong lender confidencebusiness-standard.com. Overall, the financial snapshot of Shriram Finance showcases a company that has scaled up dramatically, delivering growth while keeping profitability intact. Analysts on Moneycontrol and other platforms often highlight Shriram’s niche in used vehicle financing and its expansive reach as key strengths that differentiate it from peers like Bajaj Finance or Cholamandalam Finance.
Looking ahead, the focus remains on maintaining asset quality amid growth. The NBFC’s management has guided for moderate credit costs and stable margins, even as interest rate fluctuations and competition could pose challenges. With a solid balance sheet and prudent management, Shriram Finance appears financially well-positioned to capitalize on India’s credit demand across economic cycles.
Future Scope and Potential
As Shriram Finance moves forward, it stands at the cusp of significant opportunities in India’s evolving financial landscape. The company has articulated a clear future roadmap that leverages its strengths and addresses emerging market needs. One of the key strategic goals is to double the AUM to around ₹5 lakh crore within the next five yearsfortuneindia.com. Achieving this ~15% compound annual growth is deemed feasible by focusing on Shriram’s core customer segments – the self-employed, small business owners, and first-time vehicle owners – where credit demand is robust. India’s economic outlook supports this: a growing road logistics sector, rising entrepreneurship in tier-2 and tier-3 cities, and increased consumption all translate to higher demand for commercial vehicle loans, MSME credit, and personal loans. Shriram Finance, with its dominant position in used truck financing, is poised to benefit as replacement cycles for trucks shorten and operators seek affordable finance for upgrades. Additionally, government infrastructure spending and the push for financial inclusion mean more business for financiers that operate outside the metros.
Market opportunities are especially ripe in rural and semi-urban areas (where Shriram already derives ~68% of business) as these regions witness income growth. The company plans to deepen its presence by adding 700 new branches over the next 2-3 years – including upgrading rural centers into full-service branches – to tap untapped marketsfortuneindia.com. Another growth lever is cross-selling: now that the company offers a gamut of products, it can increase the wallet share from existing customers. For example, a truck loan customer can be offered a deposit product or an insurance policy; a two-wheeler loan customer might later take an SME loan for a family business. The merged entity’s ability to “capture a larger wallet share” is explicitly part of its five strategic pillars for future growthlivemint.com. This diversification across credit (loans), insurance, and investment products will not only grow revenue but also cement customer relationships.
Strategic initiatives underway to secure Shriram’s future include its digital expansion and tech-driven efficiency improvements. The planned entry into digital payments (mobile wallets, FASTag, etc.) is expected to open new income streams (through fees) and yield valuable transaction data that can inform lending decisionsainvest.combfsi.eletsonline.com. By positioning itself as a holistic financial service provider (loans plus payments), Shriram Finance is gearing up to compete with fintechs and neo-banks, while still anchoring on its strong suit of physical reach. Internally, the company is embracing advanced analytics – using AI/ML to refine credit scoring models for new-to-credit customers (especially important for MSME and personal loans where financial documents are limited). A case in point: Shriram’s marketing team reportedly achieved an 81x ROI using AI-powered customer segmentation and engagement, indicating the potential of digital marketing and data science to boost business from its large customer basebankingfrontiers.comnetcorecloud.com.
The industry outlook for NBFCs like Shriram Finance is positive yet competitive. Regulators (RBI) have tightened norms for large NBFCs, moving toward bank-like oversight, which Shriram will adapt to with its strong governance framework. The company could explore a banking license in the long term if regulations permit, although its management has not announced any such plan yet. Instead, the immediate focus is on consolidating its NBFC leadership. In an interview, the CEO Y.S. Chakravarti emphasized sustainable growth over aggressive expansion, indicating they will pursue a balanced path – “not chasing abnormal growth” but ensuring steady improvements in return metricsfortuneindia.com. This implies Shriram Finance will likely avoid riskier lending sprees and instead grow in step with its strengthening infrastructure and risk management capabilities.
Potential growth areas for Shriram include expanding its fee-based services. For example, leveraging its network for distribution of third-party products (mutual funds, cross-selling more insurance) can add to profitability without straining the balance sheet. The company’s recent sale of its housing finance subsidiary in 2024 (Shriram Housing Finance was sold to Warburg Pincusen.wikipedia.org) provides additional capital and indicates a strategic choice to focus on core lending areas where it has competitive advantage. However, Shriram Finance may still tap the affordable housing loan segment via partnerships or by eventually re-entering once it has the bandwidth, given the government’s push for housing for all.
The management’s articulated vision includes becoming “the country’s most preferred financial services destination” for its target segmentslivemint.com. Achieving this will require maintaining high service standards and customer trust. Shriram’s heritage of community-based lending and its socially conscious approach (as imbued by founder Shri Thyagarajanlivemint.com) will continue to differentiate it. In rural marketing, word-of-mouth and credibility are key; Shriram’s 50-year presence gives it an edge that it can leverage to expand organically.
Competition from peers like Bajaj Finance, Mahindra Finance, and banks is a given, but Shriram’s leadership believes the MSME and used-vehicle financing space has a long runway of unmet demand. The company is also likely to benefit from any favorable regulatory changes – for instance, the RBI’s partial relaxation of risk weight rules in early 2025 was aimed to boost NBFC lending, which helps players like Shriram to lend more freelybusiness-standard.com. Furthermore, credit rating upgrades (S&P and domestic rating agencies) have reduced borrowing costs, improving margins and allowing competitive end-customer ratesbusiness-standard.com.
In conclusion, Shriram Finance Ltd’s future prospects look bright, anchored by its robust existing franchise and sharpened by strategic initiatives for growth. With a clear focus on self-employed and small business customers, continued digital innovation, and a prudent growth strategy, the company is well-placed to capitalize on India’s expanding credit market. Management’s commitment to “deliver customer delight in rural and semi-urban areas by leveraging technology and empowered employees”livemint.com encapsulates its forward path. As it executes on this vision, Shriram Finance is expected to not only reinforce its leadership in the NBFC sector but also contribute significantly to driving financial inclusion and economic growth in the country’s grassroots economy.
Sources: Recent financial and business information have been drawn from reliable outlets such as Moneycontrol, Business Standard, Livemint, and company disclosures, ensuring an up-to-date and factual overviewbusiness-standard.comlivemint.commoneycontrol.comfortuneindia.com. Each claim is backed by these references to maintain accuracy and provide readers avenues for further reading on Shriram Finance’s journey and performance.
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