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

Banking & Finance

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.


      - 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.

     

Main Point :-   (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.


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