April 18, 2014 12:10 PM ET

Diversified Financial Services

Company Overview of Shriram Group Pvt. Co.

Company Overview

Shriram Group Pvt. Co., through its subsidiaries, engages in commercial vehicle finance, life and general insurance, consumer and enterprise finance, financial product distribution, retail stock broking, chit fund, and wealth advisory businesses in India. The company provides new and used commercial vehicle financing to the largely under-served owner-operators in the trucking industry; life insurance products; general insurance broking services; individual personal loans to families for purposes ranging from emergencies to education; small business loans to micro enterprises, self-employed professionals, and under-served segments of the business community; and asset purchase loans, including...

4th Floor

Mookambika Complex

No 4 Lady Desika Road

Mylapore

Chennai,  600004

India

Founded in 1974

Phone:

91 44 2499 0356

Fax:

91 44 2499 3272

Key Executives for Shriram Group Pvt. Co.

Member of Governing Council
Age: 55
Member of Governing Council
Member of Governing Council
Member of Governing Council
Company Secretary of Shriram Overseas Finance Ltd
Compensation as of Fiscal Year 2013.

Shriram Group Pvt. Co. Key Developments

TPG Capital To Sell Stake In Shriram's Entity

TPG Capital, L.P. is seeking to sell stake in an entity belonging to Shriram Group Pvt. Co. TPG is seeking to sell stake in an entity which may have to bring all its lending entities under one holding company to obtain the banking license. The company would provide an exit and go for another round of fund raise. The company is planning to raise INR 5 billion through IPP or by issuing shares to PE investors.

Shriram Reportedly Drops Out Of Race For Canara HSBC Oriental's Stake

Shriram Group Pvt. Co. has dropped out of the race to acquire 26% stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited from HSBC Holdings plc (LSE:HSBA) due to valuation issues, sources said. A senior company executive said: “We were in talks, but these have fizzled out now. We continue to be interested in inorganic expansion.”

Sources Say Tata Fund In Talks To Buy Shriram Properties Stake

Shriram Group Pvt. Co. is planning to sell stake in Shriram Properties Private Limited. Sources close to the matter said that Shriram Group is poised to sell 18% stake in Shriram Properties to a real estate fund of Tata Sons Limited. Sources added that the fund of Tata is conducting due diligence for the possible acquisition, which is expected to close in the next 60 days. The news report mentioned that as a result of transaction, Shriram Group will bring down its stake to 42% from current 60%. The report added that the talks between Shriram and Tatas are direct, with no investment bankers involved in the transaction. A source stated, “Riding on its strong corporate brand, Shriram Properties had executed well and stayed focused on the mid-market.” The source sought anonymity as the talks between Shriram and Tatas were private and not yet ready to reach the public domain.

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