Shriram Automall India Limited

Poonamallee, Chennai, Tamil Nadu
GST33AANCS8571L1ZN
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  • Legal Status of Firm

    Limited Company (Ltd./Pvt.Ltd.)

  • Annual Turnover

    Rs. 100 - 500 Crore

  • Indiamart Member Since

    Jul 2016

Commercial Vehicle Financing Service

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We are a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology.

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Commercial Vehicle Financing Service

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Company Details

Product Description

We are a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology.
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About the Company

Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Nature of BusinessService Provider
Annual TurnoverRs. 100 - 500 Crore
IndiaMART Member SinceJuly 2016
GST33AANCS8571L1ZN
Overview

We are a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology.

Our Company was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under section 45IA of the Reserve Bank of India Act ,1934.

STFC decided to finance the much neglected Small Truck Owner. Shriram understood the power of 'Aspiration' much before marketing based on 'Aspiration' became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But we found a mismatch between the Aspiration and Ability. The Truck Operator was honest but the Equity at his command was not sufficient to support the credit levels required to buy a new truck.

We did not have the heart to send the Truck Operator back empty handed; we decided to fund Pre-owned Trucks. This was the most momentous decision that we made. What followed was Sheer magic.

From Driver to Owner, even if only of a Pre-owned Truck and from Pre-owned Truck to the New Truck, we have been with him in his journey of Prosperity as he has been our partner in our road to success and leadership.

For us at Shriram, credit-worthiness of the Small Truck Owner has always been an article of faith. This faith has guided our journey from our pioneering days in financing Small Truck Owners to the present day leadership. Today we are not only the leader in Truck Finance; we are also India's largest Asset Based Non-Banking Finance Company.

The inability of the economists to capture data relating to the economic activity of the informal sector has resulted in its neglect at the policy-making levels in the government.

The distribution of Truck Ownership being scattered among a large number of individuals has resulted in this very important group being missed by the institutional radar.

It is estimated that 80% of trucks in the country are in the hands of individuals.

Commercial Vehicle Financing Service
Commercial Vehicle Financing Service
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Seller Contact Details

Harikrishnan

Poonamallee, Poonamallee Chennai - 600056, Tamil Nadu, India

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