September 21, 2014 11:09 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: 56
Member of Governing Council
Member of Governing Council
Member of Governing Council
Company Secretary of Shriram Overseas Finance Ltd
Compensation as of Fiscal Year 2014.

Shriram Group Pvt. Co. Key Developments

Shriram Properties Plans IPO

Shriram Group Pvt. Co. is planning for an initial public offering (IPO) of Shriram Properties Private Limited by 2014. Shriram Group has not yes decided on the amount it plans to raise through the offering.

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.”

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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