Diversified Financial Services
Company Overview of Shriram Group Pvt. Co.
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...
No 4 Lady Desika Road
Founded in 1974
Key Executives for Shriram Group Pvt. Co.
Member of Governing Council, Managing Director of Shriram Transport Finance Company Ltd and Director of Shriram Transport Finance Company Ltd
Member of Governing Council, Managing Director of Shriram City Union Finance Ltd and Director of Shriram City Union Finance Ltd
Member of Governing Council, Managing Director of Shriram Investments Ltd and Director of Shriram Investments Ltd
Member of Governing Council, Managing Director of Shriram Overseas Finance Ltd and Director of Shriram Overseas Finance Ltd
Company Secretary of Shriram Overseas Finance Ltd, Compliance Officer of Shriram Overseas Finance Ltd and Director of Shriram Overseas Finance Ltd
Compensation as of Fiscal Year 2014.
Shriram Group Pvt. Co. Key Developments
GIC To Acquire Shriram's SEZ
Apr 16 15
Singapore's sovereign wealth fund GIC Pte. Ltd. is in advanced talks to acquire Shriram Group Pvt. Co. nearly 2 million square feet IT SEZ in Chennai for $136 million, marking its third big-ticket commercial office purchase in the last five months in India.
Shriram Seeks To Sell 23% Stake In Shriram Capital Limited To Sanlam
Dec 11 14
Shriram Group Pvt. Co. is planning to sell 23% stake in Shriram Capital Limited to Sanlam Limited (JSE:SLM). As the Cabinet clears Insurance Bill, that is to hike composite Foreign Equity Cap to 49%, the INR 60 billion Shriram Capital are gearing up to dilute 23% stake each to Sanlam. "If Regulations are changed to increase the limit placed on foreign ownership of insurance companies, SEM will consider increasing its effective stake in the Shriram insurance businesses. This may be achieved through a combination of an increased stake in Shriram Capital Limited and/or direct stakes in the Shriram insurance businesses," said Sanlam in an email response. On the benefits for Shriram, he said, "the company is not in need of capital, the stake dilution is to meet our obligation and what we have committed to Sanlam," Jain.
Shriram Properties Plans IPO
May 16 14
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.
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