AUM to see 18-20% growth during second half: Shriram Finance's Revankar

Executive vice chairman of Shriram Finance, believes that the company's assets under management (AUM) may see healthy growth during the rest of the year as well

Shriram Finance Ltd, the largest retail NBFC in India, posted a 14 per cent rise in consolidated net profit during the second quarter due to a rise in business volume and improved asset quality. Umesh Revankar, executive vice-chairman of the firm, believes that the company’s assets under management (AUM) may see healthy growth during the rest of the year as well. In a video interview with Shine Jacob, Revankar talks about Q2 numbers, demand growth, and the regulatory scenario. Edited excerpts:

How do you assess the company’s performance during the second quarter?

Normally, the first and second quarters see