Description

Shriram Finance Limited, an Indian non-banking financial company (NBFC) established in 1979 and headquartered in Mumbai, primarily specializes in providing commercial vehicle financing across India. The company extends credit for a diverse array of assets, including commercial goods and passenger vehicles, agricultural equipment such as tractors, and construction machinery. Beyond its core lending activities for vehicles, Shriram Finance offers a broad spectrum of financial products and services. These encompass business loans, investment avenues like fixed and recurring deposits, and working capital solutions that cover finance for tyres, taxes, fuel, and tolls. Additional offerings include vehicle insurance, repair and top-up loans, challan discounting services, life and general insurance products, consumer finance, emergency credit line guarantee schemes, stockbroking services, and participation in chit funds and mutual funds. Its key clientele includes first-time vehicle purchasers, owner-drivers, and small-scale road transport operators. As of March 31, 2022, the company maintained an extensive distribution network comprising 1,854 branches and 775 rural centers, further bolstered by collaborations with 500 private financiers. The entity, previously known as Shriram Transport Finance Company Limited, adopted its current name, Shriram Finance Limited, in November 2022.