Shriram Transport Finance Company

Commercial vehicle financing major Shriram Transport Finance Company and two-wheeler and MSME financier Shriram City Union Finance have been merged to form Shriram Finance Limited (Shriram Finance)

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

Good demand for used vehicles in rural market, says Umesh Revankar in interview

The operating profit for the second quarter of the current financial year was up by 24 per cent to Rs 2,131 crore compared to Rs 1,717 crore during the same period in 2021-22

The financial condition of Shriram Transport Finance, Muthoot Finance, Manappuram Finance and IIFL Finance is satisfactory, says agency

Most of the fund-raising is likely to be via non-convertible debentures with a maturity of three years, Umesh Revankar, managing director of STFC added.

"Even if you look at the single-party exposure, there is a great deal of leeway for us to go to banks and borrow"

STFC's total assets under management by the end of the quarter stood at Rs 130,688.86 crore, against Rs 119,301.37 crore a year ago

Shriram Transport Finance, which is part of the Shriram Group, now awaits approval from Shriram City Union Finance shareholders and creditors and NCLT, CCI and Irdai

Group chief digital officer says the conglomerate is working on one of the country's largest super apps by bringing the products of all associate concerns under one umbrella

It will be 'nimble-footed' as a NBFC and not seek a banking license, says Umesh Revankar

The company will use the money as part of its social finance framework to create employment and to give loans to small businesses

Pegs credit growth at about 15%, based on a GDP growth projection of 7-8%

Cipla, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Maruti Suzuki, Pidilite, SRF, Torrent Pharma and United Spirits to announce results today.

Revenue from operations during the quarter under review was up 6% to Rs 4,661 crore

The rating agency affirmed "BB-" rating for Manappuram Finance's Issuer Default Ratings with "Stable" outlook

Shriram City Union Finance and Shriram Transport Finance Company have raised record retail fixed deposits (FDs) worth Rs 2,000 crore in July 2021

The company has also elevated Umesh Revankar as the Vice Chairman and Managing Director with effect from April 1, 2021

After going through extensive tests for nearly three years, SAMIL has become the first private company in India to have its auction portal certified by the prestigious STQC directorate