Shriram Finance Limited (Shriram Finance), a key player in India’s financial sector, has announced the consolidation of its green finance initiatives under a new vertical named Shriram Green Finance. This move aligns with the company’s mission to support environmentally sustainable growth and address the rising demand for eco-friendly financial solutions.
Key Highlights:
- Comprehensive Green Portfolio: The new vertical will finance electric vehicles (EVs), battery charging stations, renewable energy products, energy-efficient machinery, and more.
- Targeted Growth: Shriram Green Finance aims to build an asset under management (AUM) of ₹5,000 crore over the next 3-4 years, leveraging its extensive semi-urban and rural customer base.
- Strategic Partnerships: The company is engaging with EV manufacturers (OEMs) to establish long-term collaborations, ensuring seamless vehicle financing.
- Regional Focus: Initial operations will prioritize Karnataka, Kerala, NCR, and Maharashtra.
Leadership Vision:
- Umesh Revankar, Executive Vice Chairman: “Shriram Green Finance represents a significant milestone in our journey toward fostering sustainable and inclusive growth. We are committed to empowering stakeholders with solutions that align profitability with purpose.”
- Y.S. Chakravarti, MD and CEO: “This initiative underscores our dedication to building a sustainable ecosystem that thrives in a low-carbon economy.”
Industry Context:
India’s EV and renewable energy sectors are witnessing rapid growth, spurred by ambitious government policies and technological advancements. Shriram Green Finance is positioned to capitalize on these trends, offering tailored financial solutions to meet the evolving needs of businesses and consumers.
With a robust presence across India, Shriram Finance aims to play a transformative role in driving the nation’s shift toward a greener economy while maintaining its leadership in consumer and commercial finance.
