Shriram Finance, one of India’s largest retail non-banking financial companies, expects its total assets under management (AUM) to cross Rs 3 trillion by the end of this financial year, up from Rs 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 Rs 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. This would mark an over 75 per cent jump in AUM from Rs 1.71 trillion, and a 49 per cent rise in the customer base from 6.7 million in December 2021, when the merger of Shriram Capital and Shriram City Union Finance with Shriram Transport Finance was announced to create the current Shriram Finance. The merger was part of a broader restructuring of Shriram group, which later divested its housing finance arm to Warburg Pincus to focus on its core vehicle and retail lending business.
The group’s structure was further streamlined this year through the exit of Piramal group. At the end of the first quarter (Q1) of 2025-26 (FY26), the company’s AUM had grown 16.62 per cent to Rs 2.72 trillion, from Rs 2.33 trillion in the April- June quarter of 2024-25 (FY25). “When the product suite expands, you can retain existing customers those who need multiple products. That’s how we’ve grown our customer base. It also helped improve our margins. Overall, it’s a win-win,” said Revankar. Shriram Finance posted a consolidated net profit of Rs 2,159.39 crore in Q1FY26, up 6 per cent from Rs 2,030.64 crore in the April–June quarter of FY25. Total income rose 20 per cent year-on-year to Rs 11,542.44 crore, compared to Rs 9,609.71 crore in the same quarter last financial year. Revankar said increased activity in the agriculture sector could support stronger performance in Q2. “The quarter went well. On all parameters, the company performed strongly. There’s been a slight improvement in asset quality. I wouldn’t say the environment was difficult, but growth in Q1 was a little slower than expected I attribute that to the early onset of the monsoon,” he said.
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