October 21, 2014 3:06 AM ET

Consumer Finance

Company Overview of Shriram Capital Limited

Company Overview

Shriram Capital Limited provides chit fund, transport and equipment finance, and consumer finance services for middle and lower income groups in South India. It offers commercial vehicle finance, enterprise finance, retail stock broking, life insurance, general insurance, financial product distribution, wealth management advisory, and overseas investments services. The company has strategic partnerships with Sanlam and santam. Shriram Capital Limited was formerly known as Shriram Financial Services Holdings Private Limited and changed its name to Shriram Capital Limited in March 2008. The company was incorporated in 1974 and is based in Chennai, India. Shriram Capital Limited operates as a s...

2nd Floor

Shriram House

No.4, Burkit Road

T. Nagar

Chennai,  600 017

India

Founded in 1974

Phone:

91 44 4905 2500

Fax:

91 44 2499 3272

Key Executives for Shriram Capital Limited

Managing Director and Director
Age: 49
Managing Director
Age: 56
Compensation as of Fiscal Year 2014.

Shriram Capital Limited Key Developments

Shriram Capital Mulls Acquisitions

Shriram Capital Limited intends to pursue acquisitions. The company will now be looking at acquiring a company in other Asian markets, Shriram Group Director G S Sundararajan told PTI. He said investment in the overseas market will be made along with the insurance partner Sanlam. “Because of our proximity to the Asian markets, Sanlam has decided that they will go to other Asian market with us.” The company will be looking at countries like Indonesia, Vietnam, Sri Lanka, Myanmar, and the plans will be finalized in the next few months, he said. “We have a housing finance company and if we have an acquisition opportunity in the housing sector which is consistent with our culture then we may look at it,” Sundararajan added.

Shriram Capital Eyes Acquisitions

Shriram Capital Limited is looking at a possible shift in strategy in favour of more acquisitions to expand its businesses. With Ajay Piramal on Board as an investor, "our outlook and approach to growth and exploring new horizons will change. We will be more open for acquisitions," said G S Sundararajan, Director of Shriram Capital. "Any business which is not large enough is a very good opportunity and we may look at such offerings," he added.

Shriram Capital Hires Axis Capital To Buy Stake In A Life Insurance Venture

Shriram Capital Limited hired Axis Capital to advise it on the purchase of 26% stake held by HSBC Holdings plc (LSE:HSBA) in a life insurance venture with Canara Bank Limited (BSE:532483) and Oriental Bank of Commerce (BSE:500315). Shriram Capital is looking forward to improve its presence in the insurance business with this potential acquisition.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 5, 2014
--
Merger/Acquisition
April 17, 2014
--
 

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