Shriram Finance’s AUM touches Rs30,000 crore in Tamil Nadu

22 Dec 2022 , 02:19 AM

Shriram Finance Limited (Shriram Finance), India’s largest retail NBFC, announced that its AUM in Tamil Nadu has surpassed Rs30,000 crore. The expansion has been fueled by an economic recovery, the revival of rural markets, and an increase in infrastructure activity.

This has increased demand for commercial vehicles, micro, small and medium enterprises (MSME), and two-wheeler financing. Shriram Finance serves the diverse financial needs of 10,60,000 customers in the state through 675 branches and over 12,000 employees.

With over 64,000 depositors, the company has a large fixed deposit franchise in TN worth over Rs4,290 crore. The Company’s growth strategy will be centred on the self-employed and the MSME economy.

Shriram Finance is a well-diversified player with a strong net worth of Rs37,500 crore and assets under management (AUM) of Rs1,71,000 crore. As of September 2022, the company serves over 67 lakh customers across India.

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