Page 4 - Shriram
Shriram General Insurance expects Rs 750 cr underwriting profit this year
Jaipur-based Shriram General Insurance, which is primarily into motor insurance with over 90 per cent of the business coming in from this vertical, is expecting around Rs 750 crore underwriting profit this fiscal as its expects gross written premium income to touch Rs 2,200-2,300 crore. The Chennai-based Shriram Group firm has closed H1 of the fiscal with around Rs 800 crore in premium income and expects it to nearly treble in the second half on the back of the better-than-expected economic recovery, says Anil Aggarwal, the managing director & chief executive of Shriram General that was the first general insurer to underwrite only motor premia when it began 13 years ago. Shriram General Insurance, which manages Rs 10,500 crore of AUM which it expects to cross Rs 50,000 crore over the next five years, is a joint venture between Shriram Capital, the group holding company, and the South African financial services group Sanlam, and was set up in 2009. Today it's the seventh largest ...
 "Shriram General Insurance expects Rs 750 cr underwriting profit this year")
Coffee Day Enterprises to sell 85.53% stake in Way2Wealth to Shriram Credit
Enterprise value of the business being pegged at Rs 65 crore
 "Coffee Day Enterprises to sell 85.53% stake in Way2Wealth to Shriram Credit")
Personal chemistry sealed Piramal's investment in Shriram
Piramal then could not have imagined himself taking over as chairman of Shriram's finance business
 "Personal chemistry sealed Piramal's investment in Shriram")
Better times ahead for Shriram Transport Finance
Improving sales, good monsoon to boost earnings and return ratios
 "Better times ahead for Shriram Transport Finance")