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Shriram Finance turns India's largest retail NBFC after merger: Group

The company has net worth of Rs 40,900 crore and assets under management of Rs 1,71,000 crore

Umesh Revankar

Umesh Revankar, Vice-chairman & MD, Shriram Transport Finance

BS Reporter Chennai
Shriram Transport Finance Company (STFC), India's largest financier of commercial vehicles, and Shriram City Union Finance, the largest two-wheeler financer, have been merged to form Shriram Finance.

Shriram Finance will be India’s largest retail-focused non-banking financial company, said the Shriram Group on Monday. Shriram Finance will be a diversified player with a net worth of Rs 40,900 crore, assets under management (AUM) of Rs 1,71,000 crore and more than 6.7 million customers. The company said

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First Published: Dec 05 2022 | 4:46 PM IST

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