Shriram Transport Finance Company Ltd NCD (Shriram Transport Finance stfc NCD Oct 2018) Detail

Incorporated in 1979, Chennai based Shriram Transport Finance Company Ltd is one of the largest asset financing non-banking finance companies in the organized sector in India that cater to first-time buyers ('FTB') and small road transport operators ('SRTOs') for financing pre-owned commercial vehicles. In addition, we provide commercial vehicle finance for new commercial vehicles. The company is among the leading NBFCs in the organized sector for the commercial vehicle industry in India for FTBs and SRTOs. It also provides financing for passenger commercial vehicles, multi-utility vehicles, three-wheelers, and tractors as well as ancillary equipment and vehicle parts finance, such as loans for tyres and engine replacements, and provide the working capital facility for FTBs and SRTOs. It also offers financial services to commercial vehicle operators, thereby providing comprehensive financing solutions to the road logistics industry in India.

The company has a long track record of over three decades in the commercial vehicle financing industry in India. It is a part of the Shriram group of companies, which has a strong presence in financial services in India, including commercial vehicle financing, consumer finance, life and general insurance, stock broking, chit funds and
distribution of financial products, such as life and general insurance products and mutual fund products.

The company's widespread network of branches across India has been a key driver of its growth over the years. As of March 31, 2018, it had 1,213 branches across India, including most of the major commercial vehicle hubs along various road transportation routes in India. It also has established its presence in 862 rural centers as of March 31, 2018, with a view towards increasing the market share in the pre-owned commercial vehicle market and reaching
out to a relatively newer customer segment in rural areas.

As of March 31, 2018, the total number of employees on the company's payroll was 23,819.