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{{Short description|Indian | {{Short description|Indian financial services conglomerate}} | ||
{{Use Indian English|date=September 2016}} | {{Use Indian English|date=September 2016}} | ||
{{Use dmy dates|date=September 2016}} | {{Use dmy dates|date=September 2016}} | ||
{{Infobox company | {{Infobox company | ||
| name = Shriram Group | | name = Shriram Group | ||
| logo = | | logo = Shriram Group.svg | ||
| logo_size = 200px | | logo_size = 200px | ||
| logo_alt = Shriram Group | | logo_alt = Shriram Group logo | ||
| type = [[Conglomerate (company)|Conglomerate]] | | type = [[Conglomerate (company)|Conglomerate]] | ||
| founded = {{Start date and age|df=yes|1974|04|05}} | | founded = {{Start date and age|df=yes|1974|04|05}} | ||
| hq_location = [[Chennai]], [[Tamil Nadu]] | |||
| hq_location_country = | | hq_location_country = India | ||
| area_served = India | | area_served = India | ||
| key_people = [[R. Thyagarajan (industrialist)| | | key_people = [[R. Thyagarajan (industrialist)|R. Thyagarajan]] <br />{{small|([[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 = | | owner = | ||
| industry = | | industry = [[Financial services]]<br> [[Insurance]]<br>[[Real estate]] | ||
| assets = {{up}} {{INRconvert|3.21|lc|lk=on}} (December 2024)<ref name="scap"/> | |||
| num_employees = 116,000 (December 2024)<ref name="scap">{{cite web |title=Shriram Capital Limited |url=https://www.shriramcapital.com/ |publisher=Shriram Capital |access-date=21 February 2024}}</ref> | |||
| num_employees = | | subsid = {{unbulleted list|Shriram Finance | ||
| subsid = {{unbulleted list|Shriram | |||
|Shriram Life Insurance | |Shriram Life Insurance | ||
|Shriram General Insurance | |Shriram General Insurance | ||
|Shriram Insight | |Shriram Insight | ||
|Shriram Fortune | |Shriram Fortune | ||
|Shriram AMC | |Shriram AMC | ||
|Shriram Wealth | |||
|Shriram Properties | |Shriram Properties | ||
}} | }} | ||
| website = https://www.shriramcapital.com/ | | website = {{URL|https://www.shriramcapital.com/}} | ||
}} | }} | ||
'''Shriram Group''' is an Indian [[financial services]] [[Conglomerate (company)|conglomerate]], headquartered in [[Chennai]]. It was founded on 5 April 1974 by [[R. Thyagarajan (industrialist)|R. Thyagarajan]], [[AVS Raja]] and T. Jayaraman.<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><ref>{{cite web|title=About the Group|url=https://www.shriramcapital.com/}}</ref> The group had its beginning in [[chit fund]]s business and later on entered the lending and insurance businesses. | |||
'''Shriram Group''' is an Indian [[Conglomerate (company)|conglomerate]] founded on 5 April 1974 by [[R. Thyagarajan (industrialist)| | |||
==Companies== | ==Companies== | ||
*Shriram | *Shriram Finance is the flagship company of the group which provides financial services such as commercial vehicle finance, passenger vehicle finance, [[small and medium enterprise|SME]] finance and retail lending ([[personal loans]], gold loans and two-wheeler loans).<ref>{{cite news |title=Corporate Presentation/Investor updates of Shriram Finance Limited |url=https://cdn.shriramfinance.in/uploads/investor/pdf/BSENSE(2).pdf |access-date=19 December 2022 |work=Shriram Finance}}</ref> It was formed in 2022 as the result of a merger<ref>{{cite news |title=Shriram Capital, Shriram City Union Finance to merge with Shriram Transport Finance |url=https://www.moneycontrol.com/news/business/mergers-acquisitions/shriram-capital-to-merge-with-shriram-transport-finance-9587601.html |access-date=19 December 2022 |work=Moneycontrol |language=en}}</ref> of Shriram City Union Finance<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> and Shriram Capital into Shriram Transport Finance.<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> In December 2025, it was announced that Shriram Finance had entered into an investment agreement under which the [[Japan]]-headquartered [[MUFG Bank]] would acquire a 20% stake in the company via a preferential share allotment. The transaction, valued at around US$4.3 billion, was subject to regulatory approval and involved Shriram Finance’s principal shareholders.<ref>{{Cite web |last=Gullapalli |date=2025-12-22 |title=MUFG Bank to acquire 20% stake in India’s Shriram Finance for $4.3bn |url=https://www.retailbankerinternational.com/news/mufg-shriram-finance/ |access-date=2025-12-22 |website=Future Banking |language=en-US}}</ref> | ||
*Shriram Life Insurance is the [[life insurance]] arm of the group, and a joint venture between Shriram Group 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 Group 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 Capital (formerly Shriram Financial Ventures) is the [[holding company]] and [[Corporate promoter|promoter]] of Shriram Group's financial services and insurance businesses.<ref>{{cite news |last1=Jacob |first1=Shine |title=Shriram Financial Ventures to be holding company in Shriram Group recast |url=https://www.business-standard.com/article/finance/shriram-financial-ventures-to-be-holding-company-in-shriram-group-recast-122112300796_1.html |access-date=19 December 2022 |work=Business Standard |date=23 November 2022 |language=en}}</ref> It is jointly owned by Shriram Ownership Trust (59.3%) and Sanlam Group (40.7%).<ref>{{cite news |last1=Ramesh |first1=M. |title=Shriram group: Believes ‘retail ARC’ is a blue ocean, kicks-off with ₹300-cr investment |url=https://www.thehindubusinessline.com/companies/shriram-group-believes-retail-arc-is-a-blue-ocean-kicks-off-with-300-cr-investment/article68656441.ece |access-date=23 February 2025 |work=BusinessLine |date=18 September 2024 |language=en}}</ref> | |||
*Shriram Life Insurance is the life insurance arm of the group, and a joint venture between Shriram | |||
*Shriram General Insurance is engaged in commercial and retail vehicle insurance, home insurance and travel insurance. It is a joint venture between Shriram | |||
*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 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 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> | ||
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*Shriram Insight is a retail stockbroker.<ref name=newsmin/> | *Shriram Insight is a retail stockbroker.<ref name=newsmin/> | ||
*Shriram Wealth provides [[wealth management]] advisory services.<ref name=newsmin/> | *Shriram Wealth provides [[wealth management]] advisory services.<ref name=newsmin/> | ||
*Shriram Automall is a [[Auto auction|vehicle auction]] platform started as a subsidiary of Shriram Transport Finance. In 2018, [[CarTrade.com|CarTrade]] | *Shriram Automall is a [[Auto auction|vehicle auction]] platform started as a subsidiary of Shriram Transport Finance. In 2018, [[CarTrade.com|CarTrade]] acquired a majority stake in Shriram Automall.<ref>{{cite news |last1=Thakkar |first1=Ketan |title=CarTrade acquires 51 per cent in Shriram Automall to create India's largest online vehicle transaction platform |url=https://economictimes.indiatimes.com/cartrade-acquires-51-per-cent-in-shriram-automall-to-create-indias-largest-online-vehicle-transaction-platform/articleshow/62634517.cms |access-date=3 December 2021 |work=The Economic Times |date=25 January 2018}}</ref> Shriram Finance holds a 44.56% stake in Shriram Automall, as of 2024.<ref>{{cite news |title=Shriram Finance |url=https://www.icra.in/Rationale/ShowRationaleReport/?Id=127640 |access-date=30 May 2024 |work=ICRA}}</ref> | ||
==Former companies== | |||
* Shriram Housing Finance was a [[home loan]] company which was a subsidiary of Shriram City Union Finance (and subsequently Shriram Finance).<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> In 2024, [[Warburg Pincus]] acquired Shriram Housing Finance for {{INR}}4,630 crore<ref>{{cite news |title=US fund Warburg to buy Shriram Housing Finance |url=https://timesofindia.indiatimes.com/business/india-business/us-fund-warburg-to-buy-shriram-housing-finance/articleshow/110094161.cms |access-date=30 May 2024 |work=The Times of India |date=14 May 2024}}</ref> and renamed the company as Truhome Finance.<ref>{{cite news |last1=Ray |first1=Atmadip |title=Shriram Housing becomes Truhome Finance, eyes 30% annual growth |url=https://economictimes.indiatimes.com/industry/banking/finance/shriram-housing-becomes-truhome-finance-eyes-30-annual-growth/articleshow/117271422.cms |access-date=23 February 2025 |work=The Economic Times |date=15 January 2025}}</ref> | |||
==References== | ==References== | ||
| Line 52: | Line 49: | ||
==External links== | ==External links== | ||
*{{Official website| | *{{Official website|https://shriramcapital.com/}} | ||
{{Nifty 200 companies}} | {{Nifty 200 companies}} | ||
| Line 61: | Line 58: | ||
[[Category:Indian companies established in 1974]] | [[Category:Indian companies established in 1974]] | ||
[[Category:Conglomerate companies established in 1974]] | [[Category:Conglomerate companies established in 1974]] | ||
[[Category:Asset management companies]] | |||
Latest revision as of 14:08, 17 March 2026
 | |
| Industry | Financial services Insurance Real estate |
|---|---|
| Founded | 5 April 1974 |
| Headquarters | Chennai, Tamil Nadu, India |
Area served | India |
Key people | R. Thyagarajan (Chairman)[1] |
| Total assets |  ₹3.21 lakh crore (US$45 billion) (December 2024)[2] |
Number of employees | 116,000 (December 2024)[2] |
| Subsidiaries |
|
| Website | www |
Shriram Group is an Indian financial services conglomerate, headquartered in Chennai. It was founded on 5 April 1974 by R. Thyagarajan, AVS Raja and T. Jayaraman.[3][4] The group had its beginning in chit funds business and later on entered the lending and insurance businesses.
Companies[edit | edit source]
- Shriram Finance is the flagship company of the group which provides financial services such as commercial vehicle finance, passenger vehicle finance, SME finance and retail lending (personal loans, gold loans and two-wheeler loans).[5] It was formed in 2022 as the result of a merger[6] of Shriram City Union Finance[7][8] and Shriram Capital into Shriram Transport Finance.[9] In December 2025, it was announced that Shriram Finance had entered into an investment agreement under which the Japan-headquartered MUFG Bank would acquire a 20% stake in the company via a preferential share allotment. The transaction, valued at around US$4.3 billion, was subject to regulatory approval and involved Shriram Finance’s principal shareholders.[10]
- Shriram Life Insurance is the life insurance arm of the group, and a joint venture between Shriram Group and South African company Sanlam.[11]
- Shriram General Insurance is engaged in commercial and retail vehicle insurance, home insurance and travel insurance. It is a joint venture between Shriram Group and Sanlam.[12]
- Shriram Capital (formerly Shriram Financial Ventures) is the holding company and promoter of Shriram Group's financial services and insurance businesses.[13] It is jointly owned by Shriram Ownership Trust (59.3%) and Sanlam Group (40.7%).[14]
- Shriram Properties is a real estate developer focusing on mid-income housing projects, primarily in South India.[15]
- Shriram Fortune is the financial services distribution arm of the group.[16]
- Shriram AMC is an asset management company focused on mutual funds.[17]
- Shriram Insight is a retail stockbroker.[16]
- Shriram Wealth provides wealth management advisory services.[16]
- Shriram Automall is a vehicle auction platform started as a subsidiary of Shriram Transport Finance. In 2018, CarTrade acquired a majority stake in Shriram Automall.[18] Shriram Finance holds a 44.56% stake in Shriram Automall, as of 2024.[19]
Former companies[edit | edit source]
- Shriram Housing Finance was a home loan company which was a subsidiary of Shriram City Union Finance (and subsequently Shriram Finance).[20] In 2024, Warburg Pincus acquired Shriram Housing Finance for ₹4,630 crore[21] and renamed the company as Truhome Finance.[22]
References[edit | edit source]
- ↑ Narasimhan, T. E. (31 January 2012). "Why private equity loves the Shriram Group". Business Standard India. Retrieved 11 April 2021.
- ↑ 2.0 2.1 "Shriram Capital Limited". Shriram Capital. Retrieved 21 February 2024.
- ↑ "R Thyagarajan, Shriram Ventures Ltd: Profile and Biography". Bloomberg.com. Retrieved 8 September 2020.
- ↑ "About the Group".
- ↑ "Corporate Presentation/Investor updates of Shriram Finance Limited" (PDF). Shriram Finance. Retrieved 19 December 2022.
- ↑ "Shriram Capital, Shriram City Union Finance to merge with Shriram Transport Finance". Moneycontrol. Retrieved 19 December 2022.
- ↑ "Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4". Business Standard India. 3 February 2021. Retrieved 11 April 2021.
- ↑ Balachandar, G. "Aided by two-wheeler loans, Shriram City sees strong growth in Q3 disbursements". @businessline. Retrieved 11 April 2021.
- ↑ "India's largest commercial vehicle financier Shriram Transport sees 73% loan repayments in August". www.businesstoday.in. Retrieved 11 April 2021.
- ↑ Gullapalli (22 December 2025). "MUFG Bank to acquire 20% stake in India's Shriram Finance for $4.3bn". Future Banking. Retrieved 22 December 2025.
- ↑ "Sanlam to up stake in Shriram Life to 49%". @businessline. Retrieved 11 April 2021.
- ↑ Srivats, K. R. "Shriram General Insurance on expansion spree". @businessline. Retrieved 11 April 2021.
- ↑ Jacob, Shine (23 November 2022). "Shriram Financial Ventures to be holding company in Shriram Group recast". Business Standard. Retrieved 19 December 2022.
- ↑ Ramesh, M. (18 September 2024). "Shriram group: Believes 'retail ARC' is a blue ocean, kicks-off with ₹300-cr investment". BusinessLine. Retrieved 23 February 2025.
- ↑ Sonavane, Ravindra N. (10 April 2021). "Shriram Properties files draft papers to raise ₹800 crore via IPO". mint. Retrieved 11 April 2021.
- ↑ 16.0 16.1 16.2 "Shriram Capital mulls merger of group cos to facilitate exit of Piramal Group and TPG". The News Minute. 30 October 2019. Retrieved 11 April 2021.
- ↑ "Shriram AMC to launch two new schemes in current fiscal". The Economic Times. Retrieved 11 April 2021.
- ↑ Thakkar, Ketan (25 January 2018). "CarTrade acquires 51 per cent in Shriram Automall to create India's largest online vehicle transaction platform". The Economic Times. Retrieved 3 December 2021.
- ↑ "Shriram Finance". ICRA. Retrieved 30 May 2024.
- ↑ "Shriram City Union Finance may seek investor for housing unit". The Economic Times. Retrieved 11 April 2021.
- ↑ "US fund Warburg to buy Shriram Housing Finance". The Times of India. 14 May 2024. Retrieved 30 May 2024.
- ↑ Ray, Atmadip (15 January 2025). "Shriram Housing becomes Truhome Finance, eyes 30% annual growth". The Economic Times. Retrieved 23 February 2025.