Fortis Hospitals Success Journey
April 23, 2025
May 1, 2025,10:58:51 AM
Founding: Sriram Finance was founded in 1979 by R. Thyagarajan, a visionary entrepreneur.
Humble Beginnings: Started as a small chit fund company in Chennai, India.
Diversification: Expanded into various financial services, including:
- Commercial vehicle finance
- Retail finance
- Insurance
- Investments
Innovations:
- Introduced innovative products like "Sriram Transport Finance"
- Launched "Sriram City Union Finance" for retail finance
- Adopted technology for efficient operations
Expansion:
Grew from a single branch to over 1,000 branches across India
Employed over 20,000 people
- Assets under management (AUM) exceeded ₹1.3 lakh crores
Awards and Recognition:
"Best NBFC of the Year" by The Financial Express
"Excellence in Finance" by The Economic Times
- "Best Employer" by Business Today
Challenges Overcome:
- Weathered economic downturns and regulatory changes
- Adapted to changing market dynamics and customer needs- Weathered economic downturns and regulatory changes - Adapted to changing market dynamics and customer needs
Today:
- Sriram Finance is one of India's largest and most respected financial services companies
- Continues to innovate and expand its offerings
Sriram Finance's success story is a testament to visionary leadership, innovation, and adaptability, making it a leader in India's financial services sector.
The Sri Ram Group is an Indian conglomerate with various subsidiaries, including:The Sri Ram Group is an Indian conglomerate with various subsidiaries, including:
Shriram Finance: The flagship company providing financial services like commercial vehicle finance, passenger vehicle finance, SME finance, and retail lending
Shriram Housing Finance: A subsidiary of Shriram Finance offering home loan services
Shriram Life Insurance: The life insurance arm and a joint venture between Shriram Group and South African company Sanlam
Shriram General Insurance: Engaged in commercial and retail vehicle insurance, home insurance, and travel insurance, and is a joint venture between Shriram Group and Sanlam
Shriram Financial Ventures: The holding company and promoter of Shriram Group's financial services and insurance businesses
Shriram Properties: A real estate developer focusing on mid-income housing projects, primarily in South India
Shriram Fortune: The financial services distribution arm of the group
Shriram AMC: An asset management company focused on mutual funds
Shriram Insight: A retail stockbroker
Shriram Wealth: Provides wealth management advisory services
These companies operate under the Sri Ram Group, catering to various financial and real estate needs
The Shriram Group's turnover is approximately ₹1,50,000 crores ¹. The group has a diverse portfolio of businesses, including financial services, insurance, and real estate, with total assets worth ₹2.8 lakh crores
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