FOR THE GREATER GOOD

According to Shriram Finance, sustainability revolves around empowering the underbanked and underserved

- KRISHNA GOPALAN

LAST DECEMBER, Shriram Finance announced its decision to have a separate vertical for green financing. Christened Shriram Green Finance, it has set itself a target to achieve an AUM, or assets under management, of ₹5,000 crore in three-four years. With an existing presence in the retail NBFC space, the new venture will initially build its EV portfolio in Karnataka, Kerala, Delhi NCR and Maharashtra.

“It is important to be a part of the overall ecosystem,” says Umesh Revankar, Executive Vice Chairman, Shriram Finance. For the company, sustainability revolves around empowering the underbanked and underserved. “For around five decades, our business strategy has focused on uplifting livelihoods,” he says.