Shriram Group
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One of the financial services conglomerates in India, the Shriram Group established in 1974, is headquartered in Chennai. The company offers a wide range of financial products and services targeted to the different needs of the common people.
Shriram Group was founded by Padma Bhushan Mr. R. Thyagarajan with the motive of serving the common man for financial empowerment. Since then, the company has been growing leaps and bounds.
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Shriram Group is one of the oldest finance companies in India. Shriram Group is a pioneer in commercial vehicle financing such as truck finance. Over the years, the company has entered into other financial services in India such as life insurance, non-life insurance, auto insurance, housing finance, etc.
Besides financial services, Shriram Group also engaged in other businesses such as auto equipment, retail stock broking, AMC for asset management, wealth management, etc. Let us see the complete list of companies belonging to this group.
Shriram Group
The Group is planning a foray into Manufacturing, Value Added Services, Project Development, Engineering Services, Pharmaceuticals, Machine & Auto Components, Press Dies & Sheet Metal Stamping, Packaging, Information Technology, Property Development, etc. The company has already started investing in these businesses.
Shriram Group Companies List
| Shriram Group Companies List | Listed/ Unlisted |
|---|---|
| Shriram AMC | Listed |
| Shriram Properties | Listed |
| Shriram Finance | Listed |
| Shriram General Insurance (GIC) | Non-Listed |
| Shriram Life Insurance | Non-Listed |
| Shriram City Union Finance Ltd. | Non-Listed |
| Shriram Capital | Non-Listed |
| Shriram Housing Finance (SHFL) | Non-Listed |
| Shriram Fortune Solutions Ltd (SFSL) | Non-Listed |
| Shriram Insight Ltd. | Non-Listed |
Let us discuss what is the business model of these companies, and how these companies contribute to the Indian market.
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Shriram Group Companies
Shriram Asset Management Company Limited (Shriram AMC)
Founded in July 1994, Shriram Asset Management Company Limited is an Asset Management Company of Shriram Group. The company got the approval from Securities and Exchange Board of India (SEBI) to act as the Asset Management Company of Shriram Mutual Fund in the year 1994.
As of September 01, 2023, the company had over ₹ 370 Crore of the total assets under management that serves about 27,000 customers in India. The company, headquartered in Chennai, offers different funds to invest including – Shriram Flexi Cap Fund, Shriram Aggressive Hybrid Fund, Shriram ELSS Tax Saver Fund, Shriram Balanced Advantage Fund, Shriram Overnight Fund, Shriram Multi Asset Allocation Fund, etc.
Please comment if you want to know more about these funds.
Shriram Properties Ltd.
Shriram Properties is one of the leading residential real estate development companies in India primarily focused in South India. The company’s presence is across the housing categories such as mid-market and affordable housing categories, mid-premium categories, as well as commercial and office space categories. Its projects are mainly concentrated in Bengaluru, Chennai, Vizag, Kolkata, and Coimbatore.
The company commenced operations in Bengaluru in the year 2000 and, has expanded its presence to other cities in South India. A few reputed projects of the company are Park 63 at Perungulathur, GST Road, Codename Golden Ticket, Shriram Pristine Estates, Shriram Grand City, and the commercial property named Shriram Hebbal 1.
Shriram Finance Ltd
Shriram Finance is the flagship company of the Shriram Group. This is one of the pioneers in retail financing in India, one of the biggest retail NBFCs. The company offers credit solutions to individuals for commercial vehicles, two-wheeler loans, car loans, home loans, gold loans, and personal and small business loans.
Shriram Finance emerged in November 2022 when three companies of the Shriram group – Shriram Transport Finance Company Limited, Shriram City Union Finance Limited, and Shriram Capital Limited – merged.
Powered by cutting-edge technology, Shriram Finance touches millions of lives in India with its unmatchable financial services to its customers. Shriram Finance Limited offers a broad range of diverse products to its over 8 million customers. The product portfolio of the company includes Fixed Deposits, Fixed Investment Plans, Commercial Vehicle Loans, Passenger Vehicle Loans, Construction Equipment Loans, Farm Equipment Loans, Two-Wheeler Loans, Gold Loans, MSME Finance and Personal Loans, etc.
With over 3,037 branches across India, Shriram Finance has over ₹ 2.14 Lac Cr ASSETS UNDER MANAGEMENT, as of December 31, 2023. Shriram Transport Finance Company Limited (STFC), Shriram City Union Finance Ltd, and Shriram Capital Limited (SCL) are part of this company.
Shriram Housing Finance Limited (SHFL)
This company is a housing finance company of the Shriram group, registered with the National Housing Bank and regulated by RBI. The equity shares of SHFL are not listed on any stock exchange but have its debt securities listed on BSE Limited.
The company mainly provides loans for the purchase or construction of residential space and loans against property. As of March 31, 2023, SHFL has 131 branches as on March 31, 2023 across India. SHFL has 35,575 customers with loans in its portfolio.
Shriram Fortune Solutions Ltd. (SFSL)
Shriram Fortune Solutions Ltd. (SFSL) is an integrated financial services provider of Shriram Group. Backed by the Shriram group, the company offers wealth management services across India. Among the services life insurance, mutual funds, fixed deposits, and general insurance are the major. The company has a wide network of over 140 branches and a presence in more than 200 locations across the country.
Shriram Insights Ltd.
Shriram Insight is a leading retail stock broking arm of the Shriram Group. The company is a focused retail brokerage space across India. The company has around 700 centers covering 200 cities and towns mostly in the Tier II & III levels spread across the country.
Insurance Segment of the company
Shriram Group operates both in general insurance and life insurance.
Shriram Group has also forayed into the life insurance and non-life or general insurance segment in the industry. This company is not yet listed on the stock market. However, one interested in this company can invest in non-listed space.
Shriram General Insurance Co
As per the latest by 28-03-2024, Shriram GIC was traded at Rs630 with a face value of Rs 10 and a market cap of Rs 16,327.25 crore. The EPS of this company share was Rs 14.35 while the PE ratio is 43.89. This Shriram GIC non-listed share is trading at the wwipl pre-IPO share trading platform.
Shriram General Insurance Co. is a joint venture between Shriram Capital Ltd. and Sanlam Limited of South Africa. Shriram General Insurance provides insurance coverage to individuals with commercial and personal insurance solutions. The company offers a wide range of general insurance including Motor, Travel, Home, etc. The best part is the insurance is designed to fit everyone’s needs and can be operated online.
Shriram Life Insurance
As per the latest by 28-03-2024, Shriram life insurance was traded at Rs 261 with a face value of Rs 10 and a market cap of Rs 4,681.69 crore. The EPS of this company share was Rs 8.69 while the PE ratio is 30.01 This Shriram Life Insurance non-listed share is trading at wwipl pre-IPO share trading platform.
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