India moves on truck wheels. Over 70% of the nation’s freight is moved on trucks. With the Indian economy on the fast lane, the trucking and truck financing business are cruising at high speed. At the forefront of this movement is the Shriram Group.

Shriram Transport Finance Company Limited (STFC), India’s Largest Asset Financing NBFC was established in 1979 to finance Small Road Transport Operators(SRTO) who own and operate over 75% of trucks in India. Credit support
to the majority of them has been inadequate, expensive and inequitable. STFC is changing
all that.

Engaged exclusively in financing of Commercial Vehicles, both new as well as old, STFC, as of now has 5,00,000 outstanding truck contracts.

The Assets under management is around Rs.11,000 crores (US$ 2.4 Billion). STFC also enjoys monopoly position in financing of Used Vehicles.

Growing at 30% p.a, STFC boasts
a pan-India Branch Network of 339 offices and employs 5,000 people.
STFC is listed on the Bombay Stock Exchange (BSE), and the National Stock Exchange of India (NSE).

STFC assists its customers through the entire transportation business lifecycle. These include: Finance for purchase of vehicle, working capital, purchase of tyres, vehicle repairs etc. Assistance is also provided in finding finance by pledging existing vehicle, getting freight loads, discounting load challans, exchanging existing vehicle and buying reconditioned or new vehicle, among others.