Shriram Group Is Commemorating Its 45th Year Of Operations
- Posted on: 25 May 2021
- 225 Views
- 2 min read
About Shriram Group
Shriram group from 1974-2019. 45 years ago when Shri R. Thyagrajan, AVS Raja and, T Jayaraman founded Shriram chits, no one had imagined that it would become one of India’s leading financial services firm. Shriram as a group takes pride in serving the community through financial inclusion and by understanding the power of aspirational middle-class India much ahead of its time.
Shriram Group is an Indian conglomerated set up on 5 April 1974 by Ramamurthy Thyagarajan, AVS Raja and T. Jayaraman. They have their base camp in Chennai, Tamil Nadu, India. The gathering had its beginning in chit support business and later on entered the advancing business through Shriram Transport Finance (Commercial Vehicle Finance) and Shriram City Union Finance (Consumer and MSME Finance). In 2018, the association forayed into metallurgy by setting up a unit in Odisha
The 90,000 Cr Shriram Group had its humble beginnings in the Chit Fund business over three decades earlier. R.Thyagarajan, AVS Raja and T Jayaraman were the authors who meandered into these associations. Moderately not many in the financial organization’s industry thought around at that point, this little Chit Funds business in Chennai would be the foundation for the budgetary total that Shriram is today. Shriram Group has banded together with Sanlam, the main insurance in South Africa to enter the Insurance business. In a joint endeavour, Shriram Group and Sanlam give both Life and Non-Life Insurance arrangements. The Group started its adventure in Life protection business in December 2005 and propelled its Non-Life insurance business in July 2008.
List of Companies under Shriram Group
- Shriram General Insurance
- Shriram Life Insurance
- Shriram City Union Finance
- Shriram AMC
- Shriram Capital Limited
- Shriram Fortune Solutions
- Shriram Transport Finance
- Shriram Insights
- Shriram Wealth Advisors
- Shriram Chits Funds
About Shriram Life
Shriram Life Insurance is a part of Shriram Capital which is a 45 years old Conglomerate established with a mission of serving the under-served section of the society. With the AUM value of Rs 1Lakh Crore, the group actively serves more than one crore customer PAN India with strong prominence in the southern part of the country.
Shriram Life Insurance has become one of the only 3 players in the insurance industry that has made profits after 10 years of operation. The company’s performance stands out inefficient use of capital and low cost of operations with an annual business of 1500 Cr last financial year.
In line with group philosophy, Shriram Life has significantly focussed on Inclusive growth by taking life insurance to the section where it is needed the most — The ‘AAM AADMI’ (Common Man). The Founders have always maintained a firm focus in the rural market since they put their first step in 1974 towards building the group.