Shriram Capital Limited (SCL) is the overarching holding company for the financial services and insurance entities of the Shriram Group, created with the primary objective of optimising the synergies across the group’s entities. The group has over the years grown to become India’s largest financial conglomerate with diversified financial services.
With a growth record of 40 per cent CAGR over the last seven years, an excellent array of happy investors, a brand that resonates trust and reliability, an employee strength of over 42,000 with a single digit attrition, an ever-growing customer base of 10.2 million strong and a successful low-cost delivery model, Shriram is today a financial services conglomerate poised for attaining greater heights in the near future. Shriram’s exceptional track record in investor satisfaction, board constitution and empowered decision-making across its entities bear ample testimony to its governing process. With significant ownership in the hands of the key group of employees, the group has adopted a top-down approach to its corporate governance.
The Group’s brand equity in the financial services has been built over four decades of expertise in its various businesses including truck financing, consumer financing, life insurance and general insurance. Today, the Shriram brand equity enjoys a top notch position in the financial services industry space.
Inspired by its strategic partner, Sanlam, South Africa, Shriram Capital has pioneered the initiation of financial journalism award under the Shriram Brand.
A strong think-tank has been created at Shriram Capital at the Holding Company level to oversee and provide key inputs to the operating CEOs in critical areas of synergy creation, risk management and leadership development. The group realises that they have to continue to do things differently to sustain the growth levels and their exemplary service to their target market across businesses. So much going for the group internally and in the market place, Shriram has become every Shareholder’s pride and every Competitor’s envy! The company provides quality key functions of risk management, internal audit and compliance and even the clear ‘arm’s length approach’ in inter-company dealings within the group. Shriram has demonstrated sound corporate governance in letter and spirit. Other than this, SCL’s mobile penetration is very high both within the customer base and the entire target market.
SCL will also help to grow the insurance businesses (both life and general insurance) in the group with optimal profit. The strategic reorientation of SCL will help Shriram Group to be a significant and profitable enterprise in various facets of the financial services businesses in India and overseas.