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Shriram Group well on course for merger of two firms via tech integration

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

Shriram Capital, Shriram City Union to merge with Shriram Transport
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The final nod for the merger is likely to come by October or November.

Shine Jacob Chennai
From laying the groundwork for super app ‘Shriram One’ to starting the training process for 50,000 employees, to commencing trial runs for cross-selling of products in 500 branches, Shriram Group is on track for the technological integration and merger between Shriram City Union Finance Ltd (SCUF) and Shriram Transport Finance Ltd (STFC).

The group’s digital arm Novac Technology Solutions is spearheading the entire process of digital integration, while the group is awaiting the final nod for the merged entity Shriram Finance. According to officials, one round of training for employees has taken place through Novac’s specialised platform called myCoach. The