Shriram City Union Finance Ltd

Summary

Shriram City Union Finance Limited is Indias premier financial services company, specializing in retail finance. The Company is a part of Chennai-based Shriram Group, Indias premier financial services chain. The Company is primarily engaged in financing small and medium enterprises, two-wheeler and pledged jewels. It also provides personal loans, auto loans, pre-owned two wheeler loans and loan against property. Presently, it operates with 986 branches across India. It has a distribution network of 3500.The Company has tie-ups with major dealers and top manufacturers across the country, giving them the advantage of quick payoffs and sanction of loans. They focus on semi urban and rural areas with products routed through either chit fund network of Shriram Chits or non chit fund network including dealers.Shriram City Union Finance Limited was incorporated on March 27, 1986 as a Private Limited Company under the name Shriram Hire Purchase Finance Private Limited. The Company started their operations with truck financing. In October 29, 1988, the Company became a Public Limited Company and changed the name to Shriram Hire Purchase Finance Limited. In March 1990, City Union Bank Ltd acquired shareholding to the extent of Rs. 20 lakh (200,000 shares at par) after obtaining the necessary approvals from the Reserve Bank of India. Consequently, the name of the company was changed to Shriram City Union Finance Ltd. The company is registered as a deposit taking asset financing NBFC... Read More