January 7, 2012, Chennai: The Institute of Chartered Accountants of India have adjudged Shriram Transport Finance Corporation Ltd. as the winner under the Category V-Financial Services Sector (other than Banking and Insurance) of the ‘ICAI Awards for Financial Reporting’.
The awardees have been selected by a panel of judges on review of accounting practices adopted by the participating enterprises in the preparation of financial statements and the policies adopted for disclosure and presentation of financial statements and other information in the annual reports without regard to their financial condition and operating performance. The award was handed over at a glittering ceremony which was held on January 6, 2012 at the Chennai Trade Centre in Chennai after the inaugural ceremony of the International Conference on ‘Accountancy Profession: Leveraging Emerging Challenges for Inclusive Growth’.
On being chosen as the winner in their respective category, Mr. R.Sridhar, Managing Director of Shriram Transport Finance Company Ltd. said “This award underlines the robustness and transparency in our process of financial reporting, which is crucial in adding substance to the image our corporate enjoys. The team at Shriram Transport Finance feels privileged to have been chosen as the winner amongst highly competitive and esteemed nominees in terms of financial reporting by the very notable Institute of Chartered Accountants of India.”
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 502 branch offices. Based at Mumbai, it manages assets over Rs 40,000 crores and has a live customer base exceeding 8,50,000.