Mumbai, April 2, 2020: Shriram Group, one of India’s leading financial conglomerates has committed a contribution of Rs. 10 crores to the Hon. Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). Shriram Group wholeheartedly supports the dedicated National Fund set up with the primary objective of dealing with any kind of emergency or distress situation, such as that posed by the COVID-19 pandemic, and to provide relief to the affected. The group has already contributed Rs 8 cr and is likely to contribute the balance Rs 2 cr after the banks open for operation this week. Shriram Group will continue to be committed to the cause in the weeks / months to come by, in more ways.
About Shriram Group
Shriram Group, established in 1974, is one of the most respected conglomerates in India with a predominant presence in financial services and has been serving the nation for the past 45 years with focus on the ‘Aam Aadmi’. The Group operates through various states and has been mainly promoting Financial Inclusion of low- income families and small businesses. The Group has an overall customer base in excess of 12 million, more than 80,000 employees across 3,850 branches in India.
Shriram Capital Limited, headquartered in Chennai, is the Promoter and Holding company for the various Financial Services businesses of the Group. Shriram Group mainly operates through its listed companies viz Shriram Transport Finance Co. Ltd. and Shriram City Union Finance Co. Ltd. (for the lending businesses) and the unlisted companies viz. Shriram General Insurance Co. Ltd. and Shriram Life Insurance Co. Ltd. (‘Non-life’ and ‘Life’ Insurance businesses respectively).