Shriram Finance NBFC’s AUM Touches INR 1,71,000 Cr after merger of Shriram Transport & Shriram City Finance
Catering to the diversified needs of 10.6 lakh customers in rural and semi-urban India in the state of Tamil Nadu The Assets Under Management (AUM) touched INR 30,000 Cr in Tamilnadu state Announces the growth strategy - Driving the Self-employed and Small Business Economy Chennai Dec 22, 2022 – Shriram Finance Limited (Shriram Finance), India’s largest retail NBFC announced today that the AUM of the company in Tamil Nadu touched INR 30,000 Cr. The growth has been on the back of an economic turnaround, rural markets revival and pick-up in infrastructural activity. This has in turn driven up demand for financing of commercial vehicles, micro, small and medium enterprises (MSME) and two-wheelers. Shriram Finance caters to the diversified financial needs of 10,60,000 customers through its 675 branches and over 12,000 employees in the state . The company has a large fixed deposit franchise in TN totalling over INR 4,290 Cr, with over 64,000 depositors. The growth strategy for the Com...