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Shriram Finance Launches 'Green Finance' Vertical with Rs 5,000 Crore AUM Target.

Banking & Finance | Dated: 31 Dec 2024

Chennai (Tamil Nadu)-based Shriram Finance Limited, the flagship company of the Shriram Group, has introduced a dedicated vertical, ‘Shriram Green Finance,’ to strengthen its green financing initiatives. Headquartered in Bengaluru (Karnataka), this business unit focuses on funding sustainable businesses across India.

🎯 Key Highlights:

  • - The primary objective of Shriram Green Finance is to achieve an Asset Under Management (AUM) of Rs 5,000 crore within the next three to four years.
  • - Shriram Green Finance is tailored to address green financing needs in sectors like Electric Vehicles (EVs), renewable energy, and energy-efficient solutions.

💡 Other Important Facts:

  • (i) The company is concentrating on building its EV portfolio in key regions such as Karnataka, Kerala, the National Capital Region (NCR), and Maharashtra.
  • (ii) The initiative provides funding for various green projects, including EV 2- and 3-wheelers, battery charging stations, and energy-efficient machinery. Additionally, the company collaborates with Original Equipment Manufacturers (OEMs) to facilitate seamless vehicle financing.

📚 Test Your Knowledge:

Recently, which company launched the 'Shriram Green Finance' vertical with an AUM target of Rs 5,000 crore?

Correct Answer: Shriram Finance Limited

🚀 Quick Recap: