Shriram Group

2021-04-21T05:09:30Z

2409:4055:9A:A52E:79A7:FC57:D3A8:6AFA:

{{Short description|Indian Financial Services company}}
{{Use Indian English|date=September 2016}}
{{Use dmy dates|date=September 2016}}
{{Infobox company
| name = Shriram Group
| logo = Shriram_Group_Official_logo.jpg
| logo_size = 200px
| logo_alt = Shriram Group Official logo.
| type = SEMI GOVERNMENT

{{Start date and age|df=yes|1974|04|05}} in [[Chennai]], [[Tamil Nadu]], [[India]]
| hq_location = [[Chennai]]
| hq_location_country = [[India]]
| area_served = India and ASIA
| key_people = [[Ramamurthy Thyagarajan]] (chairman)<ref>{{cite news |last1=Narasimhan |first1=T. E. |title=Why private equity loves the Shriram Group |url=https://www.business-standard.com/article/companies/why-private-equity-loves-the-shriram-group-112013100007_1.html |access-date=11 April 2021 |work=Business Standard India |date=31 January 2012}}</ref>
| owner =
| industry = BANKING
| revenue = {{profit}}{{INRConvert|972526|m}} <small>(2020)</small>
| num_employees = 155000<ref>{{cite web | url=http://shriramlife.com | title= Shriram Life Insurance|website=www.shriramlife.com|access-date=2016-09-08}}</ref> (2020)
| subsid = {{unbulleted list|Shriram Transport Finance Company
|Shriram City Union Finance
|Shriram Life Insurance
|Shriram General Insurance
|Shriram Housing Finance
|Shriram Capital
|Shriram Insight
|Shriram Fortune
|Shriram AMC
|Shriram Properties
}}
| website = https://www.shriramcapital.com/
}}

'''Shriram Group''' is an Indian [[Conglomerate (company)|conglomerate]] founded on 5 April 1974 by [[Ramamurthy Thyagarajan]],<ref>{{Cite web|title=R Thyagarajan, Shriram Ventures Ltd: Profile and Biography|url=https://www.bloomberg.com/profile/person/17262981|access-date=2020-09-08|website=Bloomberg.com|language=en}}</ref> AVS Raja and T. Jayaraman. They have their headquarters in [[Chennai]], [[Tamil Nadu]], India.<ref>{{cite web|title=About the Group|url=https://www.shriramcapital.com/|url-status=live}}</ref><ref>{{cite web | url=http://www.business-standard.com/india/news/shriram-groups-rs-400-cr-pe-plan-to-bind-its-cement-foray/475209/ | title=Shriram Group's Rs 400-cr PE plan to bind its cement foray | publisher=Business Standard | date=24 May 2012 | accessdate=7 August 2012 | author=Raghuvir Badrinath & T E Narasimhan}}</ref><ref>{{cite web | url=http://articles.economictimes.indiatimes.com/2012-05-27/news/31860985_1_r-thyagarajan-shriram-group-mathematicians | title=Shriram Group founder R Thyagarajan bets on math and mathematicians for business success, not that much on B-school grads | publisher=Economic Times | date=27 May 2012 | accessdate=7 August 2012 | author=Sanjay Vijayakumar & V Balasubramanian}}</ref> The group had its beginning in [[chit fund]]s business and later on entered the lending business through Shriram Transport Finance (Commercial Vehicle Finance), Shriram City Union Finance (Consumer and MSME Finance) and Shriram General Insurance Co. Ltd. ([[General insurance]]).

==Companies==
*Shriram Transport Finance Company is the largest commercial vehicle financier in India. It disburses loans for new and used commercial vehicles, passenger vehicles, tractors and construction equipment.<ref>{{cite news |title=India's largest commercial vehicle financier Shriram Transport sees 73% loan repayments in August |url=https://www.businesstoday.in/current/corporate/india-largest-commercial-vehicle-financier-shriram-transport-sees-73-loan-repayments-in-august/story/415133.html |access-date=11 April 2021 |work=www.businesstoday.in}}</ref>
*Shriram City Union Finance is engaged in [[small and medium enterprise]] lending and retail financing including two-wheeler loans.<ref>{{cite news |title=Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4 |url=https://www.business-standard.com/article/companies/shriram-city-union-finance-aims-over-rs-6-000-cr-disbursement-in-q4-121020301883_1.html |access-date=11 April 2021 |work=Business Standard India |date=3 February 2021}}</ref><ref>{{cite news |last1=Balachandar |first1=G. |title=Aided by two-wheeler loans, Shriram City sees strong growth in Q3 disbursements |url=https://www.thehindubusinessline.com/money-and-banking/aided-by-two-wheeler-loans-shriram-city-sees-strong-growth-in-q3-disbursements/article33328427.ece |access-date=11 April 2021 |work=@businessline |language=en}}</ref>
* Shriram Housing Finance is a subsidiary of Shriram City Union Finance and mainly provides home loan services.<ref>{{cite news |title=Shriram City Union Finance may seek investor for housing unit |url=https://economictimes.indiatimes.com/markets/stocks/news/shriram-city-union-finance-may-seek-investor-for-housing-unit/articleshow/81307005.cms |access-date=11 April 2021 |work=The Economic Times}}</ref>
*Shriram Capital is the holding company of Shriram Group, which has stakes in a number of group companies.
*Shriram Life Insurance is the life insurance arm of the group, and a joint venture between Shriram Capital and South African company [[Sanlam]].<ref>{{cite news |title=Sanlam to up stake in Shriram Life to 49% |url=https://www.thehindubusinessline.com/companies/sanlam-to-up-stake-in-shriram-life-to-49/article22506677.ece |access-date=11 April 2021 |work=@businessline |language=en}}</ref>
*Shriram General Insurance is engaged in commercial and retail vehicle insurance, home insurance and travel insurance. It is a joint venture between Shriram Capital and Sanlam.<ref>{{cite news |last1=Srivats |first1=K. R. |title=Shriram General Insurance on expansion spree |url=https://www.thehindubusinessline.com/money-and-banking/shriram-general-insurance-on-expansion-spree/article26283133.ece |access-date=11 April 2021 |work=@businessline |language=en}}</ref>
*Shriram Properties is a real estate developer focusing on mid-income housing projects, primarily in [[South India]].<ref>{{cite news |last1=Sonavane |first1=Ravindra N. |title=Shriram Properties files draft papers to raise ₹800 crore via IPO |url=https://www.livemint.com/market/ipo/shriram-properties-files-drhp-to-raise-800-crore-via-ipo-11618026406956.html |access-date=11 April 2021 |work=mint |date=10 April 2021 |language=en}}</ref>
* Shriram Fortune is the financial services distribution arm of the group.<ref name=newsmin>{{cite news |title=Shriram Capital mulls merger of group cos to facilitate exit of Piramal Group and TPG |url=https://www.thenewsminute.com/article/shriram-capital-mulls-merger-group-cos-facilitate-exit-piramal-group-and-tpg-111408 |access-date=11 April 2021 |work=The News Minute |date=30 October 2019 |language=en}}</ref>
*Shriram AMC is an [[asset management company]] focused on mutual funds.<ref>{{cite news |title=Shriram AMC to launch two new schemes in current fiscal |url=https://economictimes.indiatimes.com/mf/mf-news/shriram-amc-to-launch-two-new-schemes-in-current-fiscal/articleshow/49291986.cms |access-date=11 April 2021 |work=The Economic Times}}</ref>
*Shriram Insight is a retail stockbroker.<ref name=newsmin/>
*Shriram Wealth provides [[wealth management]] advisory services.<ref name=newsmin/>

==References==
{{Reflist}}

==External links==
*{{Official website|http://www.shriram.com/}}

{{Nifty 200 companies}}

[[Category:Financial services companies based in Chennai]]
[[Category:Conglomerate companies of India]]
[[Category:1974 establishments in Tamil Nadu]]
[[Category:Indian companies established in 1974]]
[[Category:Conglomerate companies established in 1974]]

{{India-company-stub}}

Bharatpedia - User contributions [en]

Shriram Group