Shriram Group Explained
| Shriram Group |
| Logo Alt: | Shriram Group logo. |
| Type: | Conglomerate |
| Hq Location: | Chennai, Tamil Nadu |
| Hq Location Country: | India |
| Area Served: | India |
| Key People: | R. Thyagarajan
[1] |
| Industry: | Financial services, insurance, real estate |
| Assets: | (March 2024) |
| Num Employees: | 122,500+ (March 2024)[2] |
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]
Notes and References
- News: Narasimhan . T. E. . Why private equity loves the Shriram Group . 11 April 2021 . Business Standard India . 31 January 2012.
- Web site: Shriram Capital Limited . Shriram Capital . 21 February 2024.
- Web site: R Thyagarajan, Shriram Ventures Ltd: Profile and Biography. 2020-09-08. Bloomberg.com. en.
- Web site: About the Group.
- Web site: Shriram Group's Rs 400-cr PE plan to bind its cement foray . Business Standard . 24 May 2012 . 7 August 2012 . Raghuvir Badrinath & T E Narasimhan.
- Web site: Shriram Group founder R Thyagarajan bets on math and mathematicians for business success, not that much on B-school grads . Economic Times . 27 May 2012 . 7 August 2012 . Sanjay Vijayakumar & V Balasubramanian.
- News: Corporate Presentation/Investor updates of Shriram Finance Limited . 19 December 2022 . Shriram Finance.
- News: Shriram Capital, Shriram City Union Finance to merge with Shriram Transport Finance . 19 December 2022 . Moneycontrol . en.
- News: Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4 . 11 April 2021 . Business Standard India . 3 February 2021.
- News: Balachandar . G. . Aided by two-wheeler loans, Shriram City sees strong growth in Q3 disbursements . 11 April 2021 . @businessline . en.
- News: India's largest commercial vehicle financier Shriram Transport sees 73% loan repayments in August . 11 April 2021 . www.businesstoday.in.
- News: Shriram City Union Finance may seek investor for housing unit . 11 April 2021 . The Economic Times.
- News: Sanlam to up stake in Shriram Life to 49% . 11 April 2021 . @businessline . en.
- News: Srivats . K. R. . Shriram General Insurance on expansion spree . 11 April 2021 . @businessline . en.
- News: Jacob . Shine . Shriram Financial Ventures to be holding company in Shriram Group recast . 19 December 2022 . Business Standard . 23 November 2022 . en.
- News: Sonavane . Ravindra N. . Shriram Properties files draft papers to raise ₹800 crore via IPO . 11 April 2021 . mint . 10 April 2021 . en.
- News: Shriram Capital mulls merger of group cos to facilitate exit of Piramal Group and TPG . 11 April 2021 . The News Minute . 30 October 2019 . en.
- News: Shriram AMC to launch two new schemes in current fiscal . 11 April 2021 . The Economic Times.
- News: Thakkar . Ketan . CarTrade acquires 51 per cent in Shriram Automall to create India's largest online vehicle transaction platform . 3 December 2021 . The Economic Times . 25 January 2018.
