Established in 1974, Shriram Group has been a key player in the Indian financial services sector. Core strength of the group lies in the financial services as the pioneers in truck financing and chit business. By catering to the needs of the masses, Shriram Group has evolved as a prominent financial services conglomerate.
Shriram Group has partnered with Sanlam, a leading insurer in South Africa to enter insurance business. In a joint venture, Shriram Group and Sanlam provide both Life and Non-Life Insurance solutions. The Group began its journey in Life insurance business in December, 2005 and launched its Non-Life insurance business in July, 2008. In the span of 10 years, Shriram Group has grown at a rapid and enviable rate with CAGR of over 40%. With over 3200 branches, Shriram Group, today has more than 64,000 employees and AUM of 1.2 Lac Crore.
Shriram Group was founded by Mr. R.Thyagarajan with the motive of serving the common man for financial empowerment. Mr. R.Thyagarajan was awarded India's third highest civilian award, the Padma Bhushan in 2013 in the field of trade and industry. Shriram Group believes and follows his one mantra of “People First”. This value system has been methodically instilled and institutionalized into the Shriram group over the last 4 decades.
Group Philosophy:
- Serving the Underserved thereby creating wealth in the community
- People First
- Empowerment and freedom of operation
- Focus on Investor Relations not on transactions
- Frugal Management