Page 6 - Shriram Group

Shriram Finance to grow its retail fixed deposits portfolio by 25%

One of the country's largest NBFC Shriram Finance Ltd plans to grow its FDs from the current Rs 32,000 cr and talks are on to raise long term funds from international markets, said Vice Chairman

Shriram Group to have metaverse presence in first quarter of 2023

It would be the first NBFC in India to give customers such a service

Shriram Pistons to acquire majority stake in EMFi to foray into EV space

Auto component maker Shriram Pistons & Rings on Friday said its unit will acquire a majority stake in electric motor design and manufacturing firm EMF Innovations to foray into the electric vehicle mobility space. SPR Engenious Ltd (SEL), a wholly-owned subsidiary of the company, is slated to acquire the stake. The financial details of the deal were not disclosed. EMF Innovations (EMFI) is co-founded by engineering entrepreneurs with substantial R&D and operations in India and Singapore. Shriram Pistons & Rings (SPRL) Managing Director & CEO Krishnakumar Srinivasan said that with this strategic investment, the company aims to expand its presence in electric vehicle (EV) space to supply electric powertrain components, such as motor and controller, covering all the vehicle segments from two-wheelers, three-wheelers, passenger vehicles and commercial vehicles. The alliance will also offer the potential for SPRL (through SEL) and EMFI to collaborate and partner to serve ...

Shriram Finance turns India's largest retail NBFC after merger: Group

The company has net worth of Rs 40,900 crore and assets under management of Rs 1,71,000 crore

Jugal Kishore Mohapatra new chairman at Shriram Finance in top-level rejig

A post graduate from Delhi School of Economics with a Masters in Economics from Boston University, he served in various key government positions in Odisha and at the Centre

Shriram Financial Ventures to be holding company in Shriram Group recast

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance

Shriram Group likely to submit EoI for privatisation of IDBI Bank

Entry of Shriram Group as a bidder, could set the stage for at least a two-way contest for IDBI Bank with Prem Watsa's Fairfax Financial also believed to be a contender

Shriram Group waits for NCLT approval of merger, ready for integration

Group conducting trial run at branches, preparing super app for merged entity called Shriram Finance

Shriram Group lowers growth guidance for merged finance biz in FY23

To slash excess liquidity from a 6-month to 3-month level

The NBFC sector is on a strong wicket: SCUF MD & CEO Y S Chakravarti

"Even if you look at the single-party exposure, there is a great deal of leeway for us to go to banks and borrow"

City Union Bank, Shriram Gen Insurance tie up for distribution of products

Shriram will offer personal insurance products such as motor, personal accident, home and travel along with commercial ones such as property, marine and engineering to bank's customers

Shriram Group well on course for merger of two firms via tech integration

Group chief digital officer says the conglomerate is working on one of the country's largest super apps by bringing the products of all associate concerns under one umbrella

From zone chiefs to staff training: Shriram keeps ball rolling for merger

Appoints PricewaterhouseCoopers to advise on the post-merger integration

Legal merger of Shriram Group firms to happen by Sep, Oct: YS Chakravarti

Demand is definitely coming back, said Chakravarti

Shriram regroups for the future with succession plan, business integration

Experts indicate that the succession plan allowing professionals to run the show will also help in this technology drive

Can biz family trusts ensure smooth succession? Answer lies with Tolstoy

As business families grow larger with the addition of sons and daughters and sons-in-law and daughters-in-law, they drift away and live in their own separate houses

Shriram Capital, Shriram City Union to merge with Shriram Transport

The less complex structure may attract fresh investors to the new entity

Board of Management set up to broadbase succession: Shriram Group founder

In a Q&A, R Thyagarajan says the idea was to vest Group's ownership with a few key executives, not one individual; talks about upcoming restructuring of group firms and his mentorship role

Shriram Group draws up succession plan via trust route, forms mgt board

According to reports, SOT owns close to 30 per cent in the Group's holding company, Shriram Capital

Longer forbearance will help in conversion to a bank, says Y S Chakravarti

We are not going in for external funding. We have decided that SCUF will fund them, says Shriram Group MD