Shriram Transport Finance Company Ltd. a flagship company of Shriram group is India's largest player in commercial vehicle finance. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-10 year old trucks. It has a pan-India presence with a network of 1230 branches and employs 24533 employees including 15356 field officers. It has a vertically integrated business model and offers a number of products which include: Pre-owned CV financing New CV financing and other loans like accidental repair loans tyre loans and working capital finance etc.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. In 2010 Shriram Transport Finance Company successfully raised Rs 584 crore through Qualified Institutional Placement with domestic and international investors. During the year the company initiated financing of construction equipment.In 2011 Shriram Transport Finance Company introduced Shriram Automalls - a dedicated platform for trading of pre-owned trucks at a fair value. In 2013 Shriram Transport Finance Company's assets under management crossed Rs 50000 crore.In 2015-16 global credit rating agency Fitch upgraded long term issuer ratings to `IND AA+' from `IND AA'. Another credit rating agency CRISIL upgraded its rating on long-term debt instruments and bank facilities and fixed deposits of Shriram Transport Finance Company to 'CRISIL AA+/FAAA/Stable' from 'CRISIL AA/FAA+/Positive`. During the year Shriram Equipment Finance Company Ltd (SEFCL) a wholly owned subsidiary of Shriram Transport Finance Company was merged with Shriram Transport Finance Company. In 2016-17 Shriram Transport Finance Company successfully raised Rs 13.5 billion through issuance of `Masala Bonds' - Senior Secured Rupee Denominated Bonds' listed on Singapore Stock Exchange. On 24 January 2018 Shriram Transport Finance Company Limited (STFC) Shriram Automall India Limited (SAMIL) and MXC Solutions India Private Limited (CarTrade) entered into definitive agreements that will result in the combination of the two businesses creating India's leading used vehicle platform. CarTrade India's leading online automotive business will acquire majority stake in Shriram Automall India Limited (SAMIL) India's No.1 physical auction platform for pre-owned vehicles from STFC. SAMIL is a wholly owned subsidiary of STFC. CarTrade gets majority equity stake by paying Rs 156.37 crore to STFC as consideration for acquisition of shares of SAMIL. Further SAMIL will acquire 100% equity in Adroit Inspection Services Pvt. Ltd. from CarTrade by paying Rs 13 crore as consideration.