Shriram Finance Ltd

About Shriram Finance Share Price

Shriram Finance Limited, the flagship company of the Shriram Group is one of the leading players in the country in consumer finance, and life insurance. Operating since 1979, Shriram Finance is India's largest retail asset financing NBFC. The company is known for its prowess in meeting the financing needs of Small Road Transport Operators and small business owners. It is the market master in commercial vehicles and two-wheeler finance under organized finance, thus lending it the crown jewel status within the Indian financing landscape. Further investors can track the share price of Shriram Finance on NSE and BSE. These major stock exchanges provide real-time updates and comprehensive information on Shriram Finance stock price, allowing investors to stay informed about market trends and make well-informed investment decisions. By accessing data from the NSE and BSE, investors can view current share prices, historical performance, trading volumes, and other relevant financial metrics. 

History of Shriram Finance

The history of Shriram Finance dates back to 1979 during which lay the inception period of Indian financial services. Gradually, over the years to come, the company leveraged itself as a formidable player within the Shriram Group, diversifying both its geography of operation and product offerings. The fact that the Shriram Group was actively present in pools such as Finance and Insurance ensured that synergies continued to benefit Shriram Finance. Over time, STFC has steadily built its service offerings with the express objective of providing organized finance to the commercial vehicle sector and small businesses. Its business proposition and an integrated approach to understanding the customer have been key to its success and leadership. The Shriram finance share price reflects this growth.

Business Divisions of Shriram Finance

Shriram Finance has business segments to service specific financial needs in the target market. These are the business segments adopted:

Commercial Vehicle Loans: Shriram Finance has commercial vehicle category-specific financing. The commercial vehicle loan segment comprises loans granted for commercial goods vehicles, passenger commercial vehicles, tractors and farm equipment, and construction equipment. The company caters to different customer segments with specific offerings in financing to support the purpose of buying and operational efficiency of all types of commercial vehicles.

Business Loans: It provides finance to a wide range of customers in the commercial vehicle grid, from dealers to private financiers and all others involved in the commercial vehicle industry, including business loans from Shriram Finance tailored for large and small enterprises given their operation undertakings within this sector.

Deposits: Shriram Finance offers services in the area of deposits, whether it be fixed deposits, recurring deposits, or other services related to the deposits. These offerings find favour with individuals and businesses wishing for safe and lucrative investment opportunities.

Working Capital Loans: The products in this section cater to the various working capital needs of businesses in terms of operational funding. Shriram Finance provides working capital finance, vehicle insurance, tyre finance, tax finance, toll finance, repair/top-up loans, fuel finance, and challan discounting to businesses. These products are tailored to meet various working capital needs of business, to ensure hassle-free and smooth running of operations.

Life Insurance: Under its portfolio, Shriram Finance covers aspects of life assurance, such as the Shriram Life Cash Back Term Plan and the Shriram Life Smart Protection Plan, insurance products responsible for conceiving an idea of financial safety and security for one's family and loved ones.

Emergency Credit Line Guarantee Scheme: It aims to help the working capital requirements of micro, small, and medium enterprises. It will support the urgent financial needs for the business and help them to negotiate through uncertainties and disruptions in the economy and operations.

Key Personnel of Shriram Finance Ltd

• Mr. Jugal Kishore Mohapatra serves as the Chairman and Independent Director.
• Mr. Umesh Govind Revankar is the Executive Vice Chairman.
• Mr. Y S Chakravarti is the Managing Director and CEO.
• Mr. Parag Sharma holds the position of Managing Director & CFO.
• Mr. S Sridhar is an Independent Director.
• Mr. Pradeep Kumar Panja serves as an Independent Director.
• Ms. Maya S Sinha is an Independent Director.
• Mr. S Ravindran is an Independent Director.
• Mr. D V Ravi is a Non-Executive and Non-Independent Director.
• Mr. Ignatius Michael Viljoen is a Non-Executive and Non-Independent Director.
• Mr. Gokul Dixit is an Independent Director.
• Mr. M V Bhanumathi is an Independent Director.

Financial Performance of Shree Ram Finance Limited 

• Shriram Finance reported a total net profit of ₹2,022.8 crore for the quarter ended June 30, 2024. It increased by 19% over the previous year's ₹1,705 crore reported by the firm.
• The net profit after tax for the period from overall activities was ₹2,031 crore.
• It stated that overall income from operations increased by 20% year on year to ₹9,605 crore in the reported quarter, up from ₹8,003 crore in Q1FY24.
• The NII for the first quarter ended June 30, 2024, increased 20.63% to ₹5,354.47 crore, up from ₹4,438.68 crore in the same time last year.
• The earnings per share (basic) grew by 17.82% and stands at ₹52.70 as compared to ₹44.73 reported in the same period of the previous year.