Important Notes

Corporate Office

SHRIRAM TRANSPORT FINANCE CO. LTD.

Address : 3rd Floor, West Wing, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051.

Telephone Number : +91 22 4095 9595

Fax Number : +91 22 4095 9596 / 97

Toll Free Number : 18001034959

Overview

They are a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology.

Their Company was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under section 45IA of the Reserve Bank of India Act ,1934.

STFC decided to finance the much neglected Small Truck Owner. Shriram understood the power of 'Aspiration' much before marketing based on 'Aspiration' became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But they found a mismatch between the Aspiration and Ability. The Truck Operator was honest but the Equity at his command was not sufficient to support the credit levels required to buy a new truck.

They did not have the heart to send the Truck Operator back empty handed; they decided to fund Pre-owned Trucks. This was the most momentous decision that they made. What followed was Sheer magic.

From Driver to Owner, even if only of a Pre-owned Truck and from Pre-owned Truck to the New Truck, they have been with him in his journey of Prosperity as he has been their partner in their road to success and leadership.

For them at Shriram, credit-worthiness of the Small Truck Owner has always been an article of faith. This faith has guided their journey from their pioneering days in financing Small Truck Owners to the present day leadership. Today they are not only the leader in Truck Finance; they are also India's largest Asset Based Non-Banking Finance Company.

The inability of the economists to capture data relating to the economic activity of the informal sector has resulted in its neglect at the policy-making levels in the government.

The distribution of Truck Ownership being scattered among a large number of individuals has resulted in this very important group being missed by the institutional radar.

It is estimated that 80% of trucks in the country are in the hands of individuals.

Journey

Their journey has seen them making several innovations while they stood at the very edge of Organized Finance. The Banks and Institutions were guided by the Economists' vision; the Small Truck Owner who always fell on their blind side was given the miss.

With a track record of about 37 years in this business, they are among the leading organized finance provider for the commercial vehicle industry with a focus to provide various credit facilities to STOs. They have also added passenger commercial vehicles, multi-utility vehicles, three wheelers, tractors and construction equipment to their portfolio, making them a diversified, end to end provider of finance solutions to the domestic road logistics industry. Besides financing commercial vehicles (both new and pre-owned) they also extend finance for tyres, engine replacement and working capital. They also provide ancillary services such as freight bill discounting besides offering co-branded credit cards.

Their pan-India presence through their widespread network of branches has helped in their overall growth over the years. As on March 31, 2016 they had 853 branches, 803 rural centres and tie up over 500 private financiers across the country. As on March 31, 2016 their total employee strength was 19,170, including more than 12,177 product executives and credit executives who are colloquially referred to as their field force.

They have demonstrated consistent growth in their business and profitability. Their assets under management have grown by a compounded annual growth rate (CAGR) of 15.98% from Rs. 40,218 crores in FY 2012 to Rs. 72,761 crores. in FY 2016. Their total income and profit after tax in FY 2016 are Rs.10,245 crores and Rs. 1,178 crores respectively.

Today they have approximately 20-25% market share in pre-owned and approximately 7-8% market share in new truck financing, with more than 13,00,000 customers.

Vision

STFC was set up with the objective of offering the common man a host of products and services that would be helpful to him on his path to prosperity. Over the decades, the company has achieved significant success in reaching this objective, and has created a tremendous sense of loyalty amongst its customers.

Operational efficiency, integrity and a strong focus on catering to the needs of the common man by offering him high quality and cost-effective products & services are the values driving STFC. These core values are deep-rooted within the organisation and have been strongly adhered to over the decades.

STFC prides itself on a perfect understanding of the customer. Each product or service is tailor-made to perfectly suit customer needs. It is this guiding philosophy of putting people first that has brought the company closer to the grassroots, and made it the preferred choice for all the truck financing requirements amongst customers.

About Shriram Capital

Genesis of the Shriram phenomenon

The 60,000 Cr Shriram Group had its humble beginnings in the Chit Fund business over three decades ago. R Thyagarajan, AVS Raja and T Jayaraman were the “three musketeers” who ventured into these businesses. Not many in the Financial services industry thought at that time, this small Chit Funds business in Chennai would indeed be the foundation for the financial conglomerate that Shriram is today.

The Shriram Way!

Shriram Group’s businesses strive to serve the largest number of common people. Consider these : Commercial Vehicle Financing, Consumer & Enterprise Finance, Retail Stock Broking, Life Insurance, Chit Funds and Distribution of Investment & Insurance Products. Their foray into Non-Life (General) Insurance, is again a strong expression of this commitment.

Industrial Investments

The Group has also made investments in Manufacturing, Value Added Services, Project Development, Engineering Services, Pharmaceuticals, Machined & Auto Components, Press Dies & Sheet Metal Stamping, Packaging, Information Technology, Property Development etc

Subsidiaries

Shriram Automall India Ltd. (SAMIL)

Millions of commercial vehicles both small and medium size, 200 000 agricultural equipments and an equal number of construction equipments are yearly getting added in country. These equipments are bound to age over a period of time and changes hands from the first to the second and the third owner during its lifetime. There are no clear studies done to suggest the value of this industry but industry experts estimate the value of used vehicle and equipment business (commercial vehicles, agri and construction equipments) at Rs.75 000 Crores annually, which is probably the size of the new vehicle business in the country today

Despite such a huge opportunity, there is no organized platform available for buying and selling of used vehicles and equipments in the country. Identifying an opportunity and leveraging on its experience of operating in this segment for decades, the Shriram Group has launched the concept of Shriram Automall, an ideal platform for buying and selling of used and unused trucks, agricultural equipments and construction equipments. Shriram Automall has launched full-fledged Automalls at Chennai, Baroda, Vizag, Mumbai, Manesar, Aurangabad, Ludhiana, Pathankot, Gulbarga, Hyderabad, Jammu, Jaipur, Kolkotta, faizabad and Kota. The company plans to launch about 60 Automalls across the country. Shriram Automall is the right platform for buying, selling used vehicles.