Shriram Group is an Indian

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** C ...

headquartered in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of ...

. 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 other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relativ ...

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 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 Liquidation is ...

, 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 Housing Finance is a subsidiary of Shriram Finance and mainly provides

home loan A mortgage loan or simply mortgage (), in civil law jurisdicions 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 pu ...

services. *Shriram Life Insurance is the

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

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

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

. *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 cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury ...

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 insu ...

and

travel insurance Travel insurance is an insurance product for covering unforeseen 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 Financial Ventures is the

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

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

South India South India, also known as Dakshina Bharata or Peninsular India, consists of the peninsular southern part of India. It encompasses the States and union territories of India, Indian states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and T ...

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

asset management company An asset management company (AMC) 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 mor ...

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-high ...

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.

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 {{India-company-stub