Shriram Finance eyes ₹3 trn AUM, 10 mn customers

Shriram Finance, one of India's largest retail non-banking financial companies, expects its total assets under management (AUM) to cross ₹3 trillion by the end of this financial year, up from ₹2.72 trillion now.

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Shriram Finance, one of India's largest retail non-banking financial companies, expects its total assets under management (AUM) to cross ₹3 trillion by the end of this financial year, up from ₹2.72 trillion now. Its live customer base is also likely to hit 10 million within the current quarter (Q2), said a senior company executive.

"If you calculate a growth rate of 15 per cent, then we should reach ₹3 trillion by the end of this financial year. This quarter itself, we will clock 10 million live customers, up from 9.7 million now — these are customers who are actively paying instalments," said Umesh Revankar, executive vice-chairman, Shriram Finance.