Page 5 - Shriram Group

We will grow above 28% this fiscal: Shriram Life MD Casparus J H Kromhout

The rural population in India is around 65-70 percent. It is much more difficult to reach rural customers, said Kromhout

Shriram Group's decision to foray into retail ARC is good biz: Top official

With the market getting crowded with wholesale asset reconstruction companies or ARCs, financial services conglomerate Shriram Group's decision to focus on retail ARC is seen as a foray at the "right time," said a top official. The Shriram group recently announced its entry into retail asset restructuring (ARC) and also into digital wealth management service businesses. "My personal view is that retail ARC is a good business to get into at this point which Umesh (Revankar) has been reiterating that in retail ARC there is nobody in this sector," Shriram General Insurance's Vice-Chairman Jasmit Singh Gujral told PTI recently. He is also part of the four-member board of management (BOM) of Shriram Ownership Trust, which oversees the activities of the group. The other three being DV Ravi, VC & MD of Shriram Capital, Umesh Revankar, Executive VC of Shriram Finance and R Duruvasan, director at Shriram Life. Elaborating, Gujral said there is a synergy across businesses of the Shriram ...

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

Small, mid or large, many 'caps' cos wear: Polycab, PFC take pole position

An equivalent number of stocks will experience downgrades, moving from large-cap to mid-cap and from mid-cap to small-cap

Shriram Finance's Umesh Revankar takes charge as chairman of FIDC

Revankar, the newly elected chairman of FIDC, expressed his gratitude and enthusiasm for the opportunity

Shriram Properties, ASK Property Fund invest Rs 206 cr in a Chennai project

The project, Shriram 122 West is the second joint investment by the co-investment platform set up by ASK & Shriram in November 2022

Shriram Group tycoon who gave away $750 mn sees profit in loans to poor

A pioneer in extending credit to India's poor for trucks, tractors and other vehicles, Thyagarajan built Shriram into a conglomerate that employs 108,000 people in everything

Shriram Finance Q1 net up 27%; targets Rs 2 trillion AUM by next quarter

Consolidated net interest income for the first quarter ended June 30 this year increased by 13.16 per cent and stood at Rs 4,576.6 crore as against Rs 4,044.42 crore

Mutual funds load up on defensives in June, book profits in financials

MFs were low on deployment of funds in the equity market in June as they invested a net of Rs 5,664 crore in a rising market scenario

Paytm partners with Shriram Finance to strengthen its loan distribution biz

Now, Shriram Finance products will be available on Paytm's platform

Shriram Life Insurance declares highest-ever bonus of Rs 149 crore

Shriram Life Insurance Company, promoted by Shriram Group and South Africa-based financial services firm Sanlam Ltd, has declared its highest ever bonus of Rs 149 crore, the company said on Friday. The bonus saw an increase of 25 per cent over the previous year and will benefit 3.29 lakh individuals. "The increase in bonus reflects SLIC's commitment to serve customers and to help them achieve their financial goals and security. This further reflects our strong fundamentals and products," company MD and CEO Casparus J Kromhout said. The bonus came in the backdrop of record profits and growth in its individual non-single premiums. In FY23, the company had sold 2.90 lakh policies. "Considering the uniqueness of the rural customer segment that we predominantly operate in, this bonus declaration would have a positive impact on rural families," he said in a statement. For the year ending March 31, 2023 the company's assets under management exceeded Rs 9,000 crore with an increase of 17

Sensex ends off record high, rises 195 pts; HDFC twins gain 2%, ITC dips

Closing Bell on June 21, 2023: The benchmark S&P BSE Sensex scaled a fresh all-time high of 63,588 on the BSE in the intra-day trade on Wednesday

Stocks to watch: Coal India, Shriram Finance, HDFC Life, GR Infra, Pidilite

Stocks to watch on June 21, 2023: From Coal India to Shriram Finance, here are the top stocks to watch in Wednesday's trading session

After TPG, Piramal to sell its entire 8.34% stake in Shriram Finance

About 3.1 crore shares worth Rs 4,832 crore have been offered by the company to institutional investors

Shriram Finance jumps 7%, nears 52-week high on heavy volumes

Till 09:48 am; around 9.98 million shares, which represented 2.66 per cent of total equity of Shriram Finance have changed hands on the BSE, data shows

Shriram Life Insurance rolls out unit-linked plan with flexible options

Shriram Life Insurance Company, a part of the Shriram Group, on Wednesday said it has unveiled a new unit-linked policy that offers financial control with multiple fund options and investment strategies. Policy holders can opt to cover either whole life or a specific period of time enabling them to fulfil their financial aspirations with full flexibility, the company said. The scheme, which has been launched commemorating the golden jubilee year of the Shriram Group, has two options -- Life Goal and Legacy -- providing customers options to alter policy term, premium payment term, sum assured and premium. Life Goal offers cover for a specified period while Legacy offers cover till the age of 100. Commenting on the launch of the product, Shriram Life Insurance MD and CEO Casparus Kromhout said: "We are delighted to announce this plan on our Group's momentous milestone. The plan gives various flexibilities and options to choose from, provides financial protection and encourages long-t

Shriram Properties acquires a new project 'Divine City' in Chennai

The project has a revenue potential of around Rs 1,200 crore in the next five years

Piramal Enterprises loss widens to Rs 196 cr on dip in Shriram investment

Non-bank lender Piramal Enterprises on Friday reported a widening of loss to Rs 196 crore from the year-ago period's Rs 42 crore, driven by a dip in the value of its investments in Shriram Group. The company's chief executive Jairam Sridharan told reporters that if one were to exclude the mark-to-market impact of Rs 375 crore over the Shriram investments, the company's core operations would have been growing. The core net interest income came at Rs 1,128 crore, down 4 per cent from Rs 1,172 crore in the year-ago period. Sridharan said even though the lender's assets under management stayed broadly flat at over Rs 63,000 crore, it was able to achieve significant improvement on the loanbook diversification front, and retail and wholesale books are placed at even keel. This was made possible by a 49 per cent growth in retail assets, even as the wholesale book declined to Rs 29,000 crore from being at Rs 42,000 crore level in the year-ago period. Going forward, the lender will keep ..

Piramal Enterprises posts Q4 loss of Rs 196 cr on MTM hit of Rs 375 cr

Jairam Sridharan is the Managing Director, Piramal Capital & Housing Finance (PCHFL) told media that the loss on Shriram Investments has partly gone away after March 31, 2023

Shriram Finance consolidated net rises 18% to Rs 1,288 crore in Q4

The non-banking finance company's total assets under management stood at Rs 1.86 trillion by the end of March 31