Shriram Finance employs 3,536 people in Q3 hiring drive, to add 1,000 in Q4

Total workforce up 10% so far in FY23; recruitment also driven by merger of group firms

At a time when startups are dishing out pink slips in large numbers and tech titans are tightening their belts by showing the door to thousands of employees, India’s largest retail lender, Shriram Finance (SFL), is going on a recruitment drive as it witnesses strong business growth.

The company has raised its workforce by 10 per cent this financial year, hiring 3,536 people in the third quarter alone, in a move driven by strong business growth. In the current (January-March) quarter too, SFL is planning to add around 1,000 employees. The company’s staff strength stood at 60,918 in December 2022.