The company is a part of the Shriram Group which has a significant presence in various financial products which is Commercial Vehicle Financing, Consumer Financing, Life and General Insurance, Stock Broking, etc. The company is one of the largest players in commercial vehicle finance in India. Other Products of the company are Business Loans, Working Capital Loans, Life Insurance, and the ECLGS loans facility. All of these products are majorly to the players In the commercial vehicle ecosystem.
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Shriram Transport Finance Company (STFC) is the flagship company of the Shriram group which has significant presence in in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. The Company was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under section 451A of the Reserve Bank of India Act, 1934. STFC decided to finance the much neglected Small Truck Owner. Shriram understood the power of 'Aspiration' much before marketing based on 'Aspiration' became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But it found a mismatch between the Aspiration and Ability.
Business area of the company
The company is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.