Shriram Group

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Shriram Group
Company type Conglomerate
IndustryFinancial services, insurance, real estate
Founded5 April 1974;50 years ago (1974-04-05)
Headquarters Chennai, Tamil Nadu,
India
Area served
India
Key people
 R. Thyagarajan
(Chairman) [1]
Total assets Increase2.svg ₹ 2.7 lakh crore (US$34 billion) (December 2023) [2]
Number of employees
121,500+ (December 2023) [2]
Subsidiaries
  • Shriram Finance
  • Shriram Housing Finance
  • Shriram Life Insurance
  • Shriram General Insurance
  • Shriram Insight
  • Shriram Fortune
  • Shriram AMC
  • Shriram Wealth
  • Shriram Properties
Website www.shriramcapital.com

Shriram Group is an Indian conglomerate headquartered in Chennai. It was founded on 5 April 1974 by R. Thyagarajan, [3] AVS Raja and T. Jayaraman. [4] [5] [6] The group had its beginning in chit funds business and later on entered the lending and insurance businesses.

Contents

Shriram Finance’s net interest income was 174,809 million rupees in fiscal year 23 (an increase of 84.4% compared to 2022). Net profit in 2023 is 60.110 million rupees (growth of 120.9%). [7]

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References

  1. ↑ Narasimhan, T. E. (31 January 2012). "Why private equity loves the Shriram Group". Business Standard India. Retrieved 11 April 2021.
  2. 1 2 "Shriram Capital Limited". Shriram Capital. Retrieved 21 February 2024.
  3. ↑ "R Thyagarajan, Shriram Ventures Ltd: Profile and Biography". Bloomberg.com. Retrieved 8 September 2020.
  4. ↑ "About the Group".
  5. ↑ Raghuvir Badrinath & T E Narasimhan (24 May 2012). "Shriram Group's Rs 400-cr PE plan to bind its cement foray". Business Standard. Retrieved 7 August 2012.
  6. ↑ Sanjay Vijayakumar & V Balasubramanian (27 May 2012). "Shriram Group founder R Thyagarajan bets on math and mathematicians for business success, not that much on B-school grads". Economic Times. Retrieved 7 August 2012.
  7. ↑ "SHRIRAM FINANCE 2022-23 Annual Report Analysis". Equitymaster. Archived from the original on 21 April 2024. Retrieved 13 April 2024.
  8. ↑ "Corporate Presentation/Investor updates of Shriram Finance Limited" (PDF). Shriram Finance. Retrieved 19 December 2022.
  9. ↑ "FTC to Vote on Ban on Noncompete Clauses in Employment Contracts". CPI. Archived from the original on 21 April 2024. Retrieved 21 April 2024.
  10. ↑ "Shriram Capital, Shriram City Union Finance to merge with Shriram Transport Finance". Moneycontrol. Retrieved 19 December 2022.
  11. ↑ "Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4". Business Standard India. 3 February 2021. Retrieved 11 April 2021.
  12. ↑ Balachandar, G. "Aided by two-wheeler loans, Shriram City sees strong growth in Q3 disbursements". @businessline. Retrieved 11 April 2021.
  13. ↑ "India's largest commercial vehicle financier Shriram Transport sees 73% loan repayments in August". www.businesstoday.in. Retrieved 11 April 2021.
  14. ↑ "Shriram City Union Finance may seek investor for housing unit". The Economic Times. Retrieved 11 April 2021.
  15. ↑ "Sanlam to up stake in Shriram Life to 49%". @businessline. Retrieved 11 April 2021.
  16. ↑ Srivats, K. R. "Shriram General Insurance on expansion spree". @businessline. Retrieved 11 April 2021.
  17. ↑ Jacob, Shine (23 November 2022). "Shriram Financial Ventures to be holding company in Shriram Group recast". Business Standard. Retrieved 19 December 2022.
  18. ↑ Sonavane, Ravindra N. (10 April 2021). "Shriram Properties files draft papers to raise ₹800 crore via IPO". mint. Retrieved 11 April 2021.
  19. 1 2 3 "Shriram Capital mulls merger of group cos to facilitate exit of Piramal Group and TPG". The News Minute. 30 October 2019. Retrieved 11 April 2021.
  20. ↑ "Shriram AMC to launch two new schemes in current fiscal". The Economic Times. Retrieved 11 April 2021.
  21. ↑ Thakkar, Ketan (25 January 2018). "CarTrade acquires 51 per cent in Shriram Automall to create India's largest online vehicle transaction platform". The Economic Times. Retrieved 3 December 2021.


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