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Shriram Fortune Solutions Ltd.

Sohna Road, Pune, Maharashtra

| GST  06AAACS7708N1Z0

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Shriram Fortune Solutions Ltd. - Service Provider of life insurance service, general insurance service & commercial vehicle finance service in Pune, Maharashtra.

Nature of Business

Service Provider

Legal Status of Firm

Limited Company (Ltd./Pvt.Ltd.)

Annual Turnover

Rs. 50 - 100 Crore

GST Number

06AAACS7708N1Z0

Life Insurance Service
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Life Insurance Service

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Shriram Life Insurance Company (commenced operation in 2006), is a JV between Shriram Group and Sanlam group of South Africa. Sanlam Group with an asset base of over US $ 70 billion has in its fold the No.1 short term insurer, the second largest life insurer and the second largest fund manager in South Africa.

SLIC has been the first private sector insurance company in India to earn profits for the first 4 years of operations. This performance has placed it in the 4th position among 14 life insurers in India within 3 years of commencing operations. SLIC benefits from Shriram Group’s expertise in building and effectively operating low cost networks. SLIC has the advantage of sharing branch network of Shriram Group companies to access more customers while minimizing costs.

Shriram Life has a customer base of 1.6 million.

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General Insurance Service
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Shriram’s foray into the General insurance industry was with its partner in its life insurance foray – Sanlam.

The General Insurance business in India has gone through significant changes both in terms of new private players entering the Industry as well as the changes in the regulatory landscapes.

Shriram with its huge captive transportation customers/business focused its entire energies on addressing this target market and ensuring visible benefits to the transportation community.

SGIC was recently awarded the “Excellence in growth Award” at THE INDIA INSURANCE AWARDS 2011- 2012. SGIC was conferred this award for their outstanding growth within only 3 years of inception, by a highly eminent jury.


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Commercial Vehicle Finance Service
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Shriram Transport Finance Company Limited is India's largest player in commercial vehicle finance that was established in the year 1979.The company has a network of 513 branches and service centers. STFC is one of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs). STFC currently has over 8.5 lakhs truck customers.

With a track record of over 30 years in this business, STFC is among the leading organized finance provider for the commercial vehicle industry with a focus to provide various credit facilities to truck owners. It has also added passenger commercial vehicles, multi-utility vehicles, three wheelers, tractors and construction equipment to its portfolio, making it a diversified, end to end provider of finance solutions to the domestic road logistics industry.

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