 | |
| 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 | 
₹2.8
lakh
crore (US$34 billion) (March 2024)
[2] |
Number of employees | 122,500+ (March 2024) [2] |
| Subsidiaries |
|
| Website |
www |
Shriram Group is an Indian conglomerate headquartered in Chennai. It was founded on 5 April 1974 by R. Thyagarajan, [3] AVS Raja and T. Jayaraman. [4] [5] [6] The group had its beginning in chit funds business and later on entered the lending and insurance businesses.
Companies
- Shriram Finance is the flagship company of the Group which provides financial services such as commercial vehicle finance, passenger vehicle finance, SME finance 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 provides home loan services. [12]
- Shriram Life Insurance is the life insurance arm of the group, and a joint venture between Shriram Group and South African company Sanlam. [13]
- Shriram General Insurance is engaged in commercial and retail vehicle insurance, home insurance and travel insurance. It is a joint venture between Shriram Group and Sanlam. [14]
- Shriram Financial Ventures is the holding company and promoter of 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 in South India. [16]
- Shriram Fortune is the financial services distribution arm of the group. [17]
- Shriram AMC is an asset management company focused on mutual funds. [18]
- Shriram Insight is a retail stockbroker. [17]
- Shriram Wealth provides wealth management advisory services. [17]
- Shriram Automall is a vehicle auction platform started as a subsidiary of Shriram Transport Finance. In 2018, CarTrade acquired a majority stake in Shriram Automall. [19]
References
- ^ Narasimhan, T. E. (31 January 2012). "Why private equity loves the Shriram Group". Business Standard India. Retrieved 11 April 2021.
- ^ a b "Shriram Capital Limited". Shriram Capital. Retrieved 21 February 2024.
- ^ "R Thyagarajan, Shriram Ventures Ltd: Profile and Biography". Bloomberg.com. Retrieved 8 September 2020.
- ^ "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. Retrieved 7 August 2012.
- ^ 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. Retrieved 7 August 2012.
- ^ "Corporate Presentation/Investor updates of Shriram Finance Limited" (PDF). Shriram Finance. Retrieved 19 December 2022.
- ^ "Shriram Capital, Shriram City Union Finance to merge with Shriram Transport Finance". Moneycontrol. Retrieved 19 December 2022.
- ^ "Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4". Business Standard India. 3 February 2021. Retrieved 11 April 2021.
- ^ Balachandar, G. "Aided by two-wheeler loans, Shriram City sees strong growth in Q3 disbursements". @businessline. Retrieved 11 April 2021.
- ^ "India's largest commercial vehicle financier Shriram Transport sees 73% loan repayments in August". www.businesstoday.in. Retrieved 11 April 2021.
- ^ "Shriram City Union Finance may seek investor for housing unit". The Economic Times. Retrieved 11 April 2021.
- ^ "Sanlam to up stake in Shriram Life to 49%". @businessline. Retrieved 11 April 2021.
- ^ Srivats, K. R. "Shriram General Insurance on expansion spree". @businessline. Retrieved 11 April 2021.
- ^ Jacob, Shine (23 November 2022). "Shriram Financial Ventures to be holding company in Shriram Group recast". Business Standard. Retrieved 19 December 2022.
- ^ Sonavane, Ravindra N. (10 April 2021). "Shriram Properties files draft papers to raise ₹800 crore via IPO". mint. Retrieved 11 April 2021.
- ^ a b c "Shriram Capital mulls merger of group cos to facilitate exit of Piramal Group and TPG". The News Minute. 30 October 2019. Retrieved 11 April 2021.
- ^ "Shriram AMC to launch two new schemes in current fiscal". The Economic Times. Retrieved 11 April 2021.
- ^ 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. Retrieved 3 December 2021.
External links
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