13 May, 2009

Fourth Quarter revenues surge by 29.56%

Mumbai, 27 January, 2009: Shriram Transport Finance Co. Ltd. (STFC) has been awarded “Silver Shield” for “Excellence in Financial Reporting” by the Institute of Chartered Accountants of India (ICAI) at a function held on January 25th, 2009 in Mumbai.

The Annual Report and Accounts for the year ended March 31st, 2008 have been adjudged as the second best amongst the entries received under the category “Banking and Financial Institutions”. The award signifies that the accounting policies and practices adopted by the company are the best amongst the enterprises that have participated in the competition.

The Silver Shield was received by Mr. Vinay Kelkar, Executive Vice President (STFC) at the awards giving ceremony held in Mumbai. Commenting on the occasion, Mr. Vinay Kelkar Executive Vice President, said, “The Annual Report and Accounts of an enterprise is the most important and easily accessible document providing transparent, reliable and relevant information to the various stakeholders.

The Award recognizes the high standards set by the Company in financial reporting and presentation thereof.” 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 470 branch offices. Based at Mumbai, it manages assets over Rs 22,750 crores and has a live customer base exceeding 6,00,000. Its equity partners include TPG New Bridge, Chrys Capital, Citicorp and Axis Bank.

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 484 branch offices. Based at Mumbai, it manages assets over Rs 29,000 crores and has a live customer base exceeding 7,00,000.

For Further information, please contact:

Mr. Sanjay K. Mundra

Vice President

Shriram Transport Finance Company Ltd.

Wockhardt Towers,
3rd Floor, West Wing, G Block,
Bandra-Kurla Complex,
Bandra (East),
Mumbai - 400051.
Email:
Telephone: 022-40959595