arrow-left

Shriram Finance and Shriram City merger to focus on MSMEs and others

  • India Infoline News Service |
  • 06 Dec, 2022 |
  • 6:44 AM
Shriram Finance Limited, a significant provider of commercial vehicle financing, has merged with two-wheeler and MSME financier Shriram City Union Finance (Shriram Finance).
The company would be a diverse player, serving more than 6.7 million consumers throughout India, with an impressive net worth of Rs 40,900 crore and assets under management (AUM) of Rs 1,71,000 crore.
The company's growth plan will be centered on promoting the economy of micro, small, and medium-sized enterprises (MSME) and the self-employed.
Umesh Revankar, Executive Vice Chairman, commented on the merger by saying, "It is the inevitable culmination of a journey of 43 years." Due to the merger's improved balance sheet, we are better able to meet market demands than before.

Invest wise with Expert advice

mobile icon
  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
ad IconAd Image

Most Read News

Article Image
  • 14 March, 2022 |
  • 7:03 AM

The US Federal committee's meeting will conclude on March 16, 2022.

Most Shared News

No Record Found