Shriram Group is an Indian conglomerate headquartered in

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

. It was founded on 5 April 1974 by R. Thyagarajan, AVS Raja and T. Jayaraman. The group had its beginning in

chit fund A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, rela ...

s business and later on entered the lending and insurance businesses.

Companies

*Shriram Finance is the flagship company of the Group which provides financial services such as commercial vehicle finance, passenger vehicle finance,

SME ''Sme'' (stylized as ''SME'') or ''Denník Sme'' () is one of the widely-read mainstream broadsheets in Slovakia. Its website is one of the most-visited internet portals in Slovakia. Ownership status In June 2016, the Antimonopoly Office appro ...

finance and retail lending (

personal loans In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the te ...

, gold loans and two-wheeler loans). It was formed in 2022 as the result of a merger of Shriram City Union Finance and Shriram Capital into Shriram Transport Finance. *Shriram Life Insurance is the

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

arm of the group, and a joint venture between Shriram Group and South African company

Sanlam Sanlam Limited is a South African financial services group headquartered in Bellville, Western Cape, South Africa. Sanlam is one of the largest insurance companies in Africa. It is listed on the Johannesburg Stock Exchange, the Namibian Stock ...

. *Shriram General Insurance is engaged in commercial and retail

vehicle insurance Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for automobile, cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bo ...

home insurance Home insurance, also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insur ...

and

travel insurance Travel insurance is an insurance product for covering unexpected losses incurred while travelling, either internationally or domestically. Basic policies generally only cover emergency medical expenses while overseas, while comprehensive policies ...

. It is a joint venture between Shriram Group and Sanlam. *Shriram Capital (formerly Shriram Financial Ventures) is the

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

and promoter of Shriram Group's financial services and insurance businesses. It is jointly owned by Shriram Ownership Trust (59.3%) and Sanlam Group (40.7%). *Shriram Properties is a real estate developer focusing on mid-income housing projects, primarily in

South India South India, also known as Southern India or Peninsular India, is the southern part of the Deccan Peninsula in India encompassing the states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana as well as the union territories of ...

. * Shriram Fortune is the financial services distribution arm of the group. *Shriram AMC is an

asset management company An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more dive ...

focused on mutual funds. *Shriram Insight is a retail stockbroker. *Shriram Wealth provides

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-hi ...

advisory services. *Shriram Automall is a vehicle auction platform started as a subsidiary of Shriram Transport Finance. In 2018, CarTrade acquired a majority stake in Shriram Automall. Shriram Finance holds a 44.56% stake in Shriram Automall, as of 2024.

Former companies

* Shriram Housing Finance was a

home loan A mortgage loan or simply mortgage (), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any pur ...

company which was a subsidiary of Shriram City Union Finance (and subsequently Shriram Finance). In 2024,

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the f ...

acquired Shriram Housing Finance for 4,630 crore and renamed the company as Truhome Finance.

References

External links

* Financial services companies based in Chennai Conglomerate companies of India 1974 establishments in Tamil Nadu Indian companies established in 1974 Conglomerate companies established in 1974 Asset management companies {{India-company-stub