MUMBAI, October 17, 2012: Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was chosen as the “Best NBFC” in “Asset Backed Lending” category at CNBC TV18 Best Bank and Financial Institution Awards 2012 held on October 17, 2012, at the ITC Grand Central, in Parel, Mumbai.
Shriram Transport Finance 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.
Upon receiving the award, Mr. U.G. Revankar, Managing Director, Shriram Transport Finance Company Ltd, said, “We are extremely honoured to receive this prestigious award from CNBC TV18. This award signifies the hard work that Shriram Transport Finance Ltd has been putting in over the years. We at STFC are now even more determined to achieve greater heights in the future.”
This distinction was accorded to STFC by a distinguished panel of jurors, including Mr. Jagdish Capoor, former Deputy Governor at the RBI and former chairman of HDFC Bank and of BSE, Mr. A.K. Purwar, Chairman of IndiaVenture Advisors Pvt. Ltd & former chairman of State Bank of India, Mr. H.N. Sinor, CEO, Association of Mutual Funds of India, former CEO, Indian Banks Assn and former MD of ICICI and Mr. M.V. Nair, former Chairman, Union Bank.
The jury round was preceded by a robust and rigorous scoring process designed by KPMG. The KPMG team scored all banks and financial institutions on criteria like growth, profitability, capital ratios and even softer qualities like investor/customer care and compiled a short list. In the second stage, the short-listed companies were examined by the jurors who then vigorously debated the various nominations before coming to a unanimous conclusion on each category.
About Shriram Transport Finance Company Limited:
Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking and Distribution businesses. Established in 1979, Shriram Transport is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets. It has PAN India presence with 513 branch offices. Based at Mumbai, it manages assets over Rs 41,900 crores and has a live customer base exceeding 8,50,000.
Vice PresidentShriram Transport Finance Company Ltd.
3rd Floor, West Wing, G Block,
Mumbai - 400051.