Shriram Transport Finance Company Ltd a flagship company of Shriram group is India's largest player in commercial vehicle finance. The principal activity of the company is to provide finance for new and pre-owned automobiles. They provide services such as new truck finance used truck finance tyre finance power finance franchisee finance personal loans and freight exchange. The company is having 484 branches along with 6 regional offices and 50 SBUs across 23 states and 2 union territories.Shriram Transport Finance Company Ltd was incorporated on June 30 1978 as a public limited company. The company was formed with a view to provide hire purchase and lease finance for the medium and heavy commercial vehicles. In the year 1993 the company launched lease portfolio management scheme and managed more than 100 crore of business through this scheme.In March 1995 the company came out with a rights issue of 64.95 lakh equity shares aggregating Rs 6.49 crore. The issue was to augment long-term resources and working capital and to enhance the leverage ability of the company. In the span of 20 years the company had fortified their presence in the market on account of their focused business segment a wide geographical coverage an effective credit monitoring and appraisal system which has resulted in high growth in business and profitability.During the year 2003-04 the company increased the windmills capacity from 4450 kwh to 8650 kwh for producing electricity. During the year 2005-06 the undertaking of Shriram Investments Ltd and Shriram Overseas Finance Ltd was amalgamated with the company with effect from the appointed date April 1 2005. Also they increased the windmills capacity from 8650 kwh to 23180 kwh.During the year 2006-07 the company made a tie up with UTI Bank for issue of co-branded credit cards with several safety features on the VISA platform exclusively to the truck operators. Also they entered into a shareholders' agreement with Ashok Leyland Ltd and their associates for purchase of 40% stake in Ashley Transport Services Ltd.In February 8 2007 the company incorporated a 100% subsidiary namely Shriram Powergen Ltd to deal with the windmill and the biomass projects of the company. During the year 2007-08 due to economic conditions and other business exigencies the company retained the business with them and disposed off their entire shareholding in their wholly-owned subsidiary company.During the year 2007-08 the company opened their own branches across 72 locations. They also extended their operations to financing of passenger commercial vehicles second-hand tractors and construction equipment during the year. During the year 2008-09 the company opened 49 branches across India. They also strengthened their core knowledge verticals relating to product Territory and Customer. During the year 2009-10 the company purchased hypothecated loan outstanding of CVs and construction equipment of GE Capital Services India and GE Capital Financial Services aggregating to approximately Rs 1100 crore. They introduced touch screen kiosks (one Stop) as a replacement for their successful campaign - truck Bazaars.In June 22 2009 the company acquired the entire paid up capital of Shriram Equipment Finance Pvt Ltd and consequently Shriram Equipment Finance Pvt Ltd became a 100% subsidiary of the company. But they sold their entire investment of Rs 5 lakh during the year itself and consequently Shriram Equipment Finance Pvt Ltd ceased to be the subsidiary company.In December 15 2009 the company incorporated a wholly owned subsidiary company namely Shriram Equipment Finance Company Ltd and in February 11 2010 they incorporated Shriram Automall India Ltd as a wholly owned subsidiary. BThe company continued to expand their reach and as on March 31 2011 had 488 branches pan-India. The company continued to strengthen their network also through private fi nanciers through fiduciary relationship. As on March 31 2010 the company had tie-ups with more than 500 private financiers.The company decided to expand their product offering to cater to their existing customer profile comprising of first time users (FTUs) and small road transport operators (SRTOs). As a result the company focused to expand their product profile to cater to construction equipment segment and passenger vehicle segment through their dedicated subsidiaries Shriram Equipment Finance Company Ltd and Shriram Automall India Ltd.In 2015 the company has approved the amalgamation of Shriram Equipment Finance Company Ltd (SEFCL) with itself .