Shriram Transport Finance Company (STFC) is India’s largest player in commercial vehicle finance that was established in the year 1979. The company has a network of 488 branches and service centers. The company is one of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs).
With a track record of about 37 years in this business, it is among the leading organized finance provider for the commercial vehicle industry with a focus to provide various credit facilities to STOs. It has also added passenger commercial vehicles, multi-utility vehicles, three wheelers, tractors and construction equipment to its portfolio, making it a diversified, end to end provider of finance solutions to the domestic road logistics industry. Besides financing commercial vehicles (both new and pre-owned) it also extend finance for tyres, engine replacement and working capital. It also provide ancillary services such as freight bill discounting besides offering co-branded credit cards
The company is a part of the “SHRIRAM” conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology.
STFC decided to finance the much neglected small truck owner. The company understood the power of 'Aspiration' much before marketing based on 'Aspiration' became fashionable. The company started lending to the small truck owner to buy new trucks. But the company found a mismatch between the aspiration and ability. The truck operator was honest but the equity at his command was not sufficient to support the credit levels required to buy a new truck.
Services of the company
- Commercial Vehicle Finance
- Passenger Commercial Vehicle Finance
- Multi Utility Vehicle Finance
- Three wheeler Finance
- Tractor Finance
- Construction Equipment Finance
2012 - Shriram Transport Finance Company wins CNBC TV18 Best Bank and Financial Institution Awards 2012
Shriram Transport Finance Company Ltd wins the ICAI Awards for Financial Reporting'
2017- Shriram Transport Finance Company selected Asia's most Promising Brand 2017