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The Shriram Group entered the Consumer Finance business in the year 2002 through Shriram City Union Finance Ltd., a stock exchange listed Company. The Company’s portfolio has grown beyond Rs.2,000 crores today within a very short time. The Company’s financing is backed by lines of credit extended by various banks - UTI Bank, Standard Chartered, Canara Bank, to mention a few.
Money When You Need it Most. Shriram City makes money available to common people, when they need it most - through Personal Loans, Consumer Loans, Vehicle Loans, Jewel Loans, Small and Medium
Scale Enterprise Finance etc.
The Company, with a commanding presence in South India, has now entered Northern and Western Regions of India. |
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Merrill Lynch, ChrysCapital and Cambridge Place Investment Management have recently acquired a 30.69% stake in Shriram City, infusing additional capital of Rs.192 crores. This additional capital would support credit growth the Company expects to see in personal finance and small business segments in the coming year. Shriram City reported a net profit of Rs.22.34 crores for the |
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half year ended 30 Sep. 2006 on a total income of Rs.143.75 crores against net profit of Rs.14.81 crores and income Rs.94.03 crores during the same period last year.
Shriram City Union Finance Ltd.
221 Royapettah High Road
Mylapore, Chennai 600 004.
Phone: +91-44-43915300
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