The genesis of the Shriram phenomenon
The 60,000 Cr Shriram Group had its humble beginnings in the Chit Fund business over three decades ago. R Thyagarajan, AVS Raja and T Jayaraman were the “three musketeers” who ventured into this business. Not many in the financial industry thought at that time, that this small Chit Funds business in Chennai would become the foundation for a financial conglomerate that Shriram is today.
The Shriram Way!
Shriram Group’s businesses strive to serve the common people. Consider these: Commercial Vehicle Financing, Consumer & Enterprise Finance, Retail Stock Broking, Life Insurance, Chit Funds and Distribution of Investment & Insurance Products. Shriram Group’s foray into Non-Life (General) Insurance, is again a strong expression of this commitment.
‘Helping Create Wealth. Empowering people through prosperity, resulting in inclusive growth.’
The relentless pursuit of this mission, since the inception in 1974 has given the Shriram Group its raison d’être and distinct identity. The Group’s reputation for effectiveness, transparency and integrity has helped it to become one of India’s largest Financial Services network.
Shriram Group’s core Financial Services businesses are housed under the holding company Shriram Capital Ltd:
- Commercial Vehicle Finance
- Life Insurance
- General Insurance
- Financial Product Distribution
- Retail Stock Broking
- Chit Funds
- Wealth Advisors
Shriram Group has always encouraged entrepreneurship by demonstrating continuous appetite for investing in start-ups in the manufacturing sector. Shriram Group’s Non-Financial Services portfolio includes:
- Real Estate Development
- Information Technology
- Engineering Services
- Auto Machine Components
- PET & Flexible Packaging
- Drugs & Pharmaceuticals
- Medical Diagnostics
- Musical Instruments
- Business Process Management
- Infrastructure & Power
The Group has also made investments in Manufacturing, Value Added Services, Project Development, Engineering Services, Pharmaceuticals, Machined & Auto Components, Press Dies & Sheet Metal Stamping, Packaging, Information Technology and Property Development.