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Shriram Transport’s focussed approach

CHENNAI: Shriram Transport Finance Company Ltd. (STFC) will continue to focus on relationship-based lending, even as it re-affirms its commitment to extend vehicle finance to small truck operators.

Asserting this at a press conference immediately after the launch of one-day Truck Utsav here on Friday, R. Sridhar, Managing Director, said most of the retail lending by banks/financial institutions were information-based ones. Credit evaluation, delivery and collection posed huge challenge in truck financing business, he said. STFC did not believe in outsourcing these functions as had been done by others these days.

With 430 branches across the country, employing around 10,000 people, Shriram had been doing these functions on its own.

In the process, it understood the needs and aspirations of small truck owners, he said.

Shriram today had assets under management to the tune of Rs. 18,000 crore.

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