Shriram Plans Foray Into Alternate Investment Space

FINANCIAL SECTOR CONGLOMERATE Shriram Capital plans to foray into the alternatives segment, managing director and chief executive officer Subhasri Sriram said. "It seems like a natural adjacent product for us," she said.

- KSHIPRA PETKAR

The group has a presence in retail financing, life insurance, general insurance, asset management, chit funds, stock broking and financial products distribution.

On Thursday, it launched a wealth management company in a joint venture with Sanlam Group. It has also sought approval from the Reserve Bank of India to commence asset reconstruction business.

In April, Shriram Finance notified about its plan to enter the payments space. On this, Sriram said they are still working on the application. She did not mention a timeline as to when they would approach the RBI to seek the payment system operator licence.

Sriram said the growth of Shriram Finance will be higher than the industry average for FY26. The only area that it will have to keep a watch on is the commercial and passenger vehicle segment, she said.