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It is formed in 2022 as the result of a merger [8] of Shriram City Union Finance [9] [10] and Shriram Capital into Shriram Transport Finance. [11] Shriram Housing Finance is a subsidiary of Shriram Finance and mainly provides home loan services. [12] Shriram Life Insurance is the life insurance arm of the group, and a joint venture between ...
In 1961, he started his career as a Trainee Officer with New India Assurance Co. Limited, a general insurance company. [2] Following his stint, in 1974, he set up Shriram Chits to start commercial financing business along with his friends. Over the period of time, the business evolved into a ₹60,000 crore entity.
She was promoted to general manager of Marketing in 1993 and then President of Shriram Investment Ltd. in 1994. [2] [3] She became the company's managing director in 2000. [2] She became the managing director of Shriram Life Insurance in 2005. [6] [4] [3] From September 2005 to November 2006, she was on the Board of Shriram Transport Finance Co ...
After selling his stake in Vodafone India, Piramal paid INR 2,014 crore to buy a 20% stake in Shriram Capital Ltd., an arm of the Chennai-based Shriram Group. The purchase was made in addition to INR 1,636 crore investment in Shriram Transport Finance Co. Ltd. for a 9.9% stake. [12] Piramal also serves as the Chairman of Shriram Group. [13]
Shriram Transport Finance Company, India 10% (3% direct and 7% via Shriram Capital) Shriram City Union Finance – 9% via Shriram Capital; Investment management: Sanlam Investments, East Africa, Kenya & Uganda – 56%; Sanlam Investments, Namibia – 86%; Botswana Insurance Fund Management – 60% via BIHL
In the 1980s the company name was changed to DCM Ltd and it successfully defended a hostile takeover by a UK-based investor. [1] As the eventual result of the failed takeover, DCM was split into four distinct companies in 1990. [1] The four companies were: DCM, DCM Shriram Industries, Shriram Industrial Enterprises and DCM Shriram Consolidated. [1]
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