Shriram

The company said Jain's appointment as MD and CEO will re-orient the brand's customer strategy and enhance operational efficiency

Topline growth should outweigh any pressure on margins

The company has net worth of Rs 40,900 crore and assets under management of Rs 1,71,000 crore

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance

One is discounting invoices on the technology platform as the group is already into small and medium enterprises financing

Pre-owned vehicles and equipment marketplace Shriram Automall India Ltd (SAMIL) on Monday said it has entered into a strategic partnership with Daimler India Commercial Vehicles (DICV) to expand its used vehicle exchange business in commercial vehicle (CV) space. Under the partnership, SAMIL will provide its online-offline auction platforms to facilitate quick sale of used commercial trade-in vehicles to individuals approaching dealers of BharatBenz, a brand of DICV, and purchase new DICV vehicles, the company said in a statement. SAMIL CEO Sameer Malhotra said, "We are confident that this association will benefit both sides. Our platform has the capability to serve more players like DICV and make the trade in processes easier for them, thus freeing them to focus on their core competency while we focus on ours." DICV Vice President, Marketing & Sales, Customer Service Rajaram Krishnamurthy said the tie-up with Shriram Automall will provide ease of accessibility to pre-owned ...

Unlisted Shriram Capital is in the process of firming up the amalgamation with Shriram Transport Finance Co and Shriram City Union Finance Ltd

Jaipur-based Shriram General Insurance, which is primarily into motor insurance with over 90 per cent of the business coming in from this vertical, is expecting around Rs 750 crore underwriting profit this fiscal as its expects gross written premium income to touch Rs 2,200-2,300 crore. The Chennai-based Shriram Group firm has closed H1 of the fiscal with around Rs 800 crore in premium income and expects it to nearly treble in the second half on the back of the better-than-expected economic recovery, says Anil Aggarwal, the managing director & chief executive of Shriram General that was the first general insurer to underwrite only motor premia when it began 13 years ago. Shriram General Insurance, which manages Rs 10,500 crore of AUM which it expects to cross Rs 50,000 crore over the next five years, is a joint venture between Shriram Capital, the group holding company, and the South African financial services group Sanlam, and was set up in 2009. Today it's the seventh largest ...

Enterprise value of the business being pegged at Rs 65 crore

Piramal then could not have imagined himself taking over as chairman of Shriram's finance business

Improving sales, good monsoon to boost earnings and return ratios