Shriram Housing Finance Ltd. (SHFL) is a Housing Finance Company registered with the National Housing Bank (NHB) and promoted by Shriram City Union Finance Ltd. (a flagship company of the 3 decades old, Chennai headquartered Shriram Group). We received the Certificate of Registration from NHB in August 2011, and commenced our lending operations from December 2011.
In addition to Shriram City Union Finance Limited, who hold 77.25% of the equity in our Company, Valiant Mauritius Partners FDI Limited is the other shareholder, holding the balance of 22.75%.
The Company has several innovative mortgage products in its bouquet of products.”Finding Ways to Funding Homes” being our corporate philosophy, we aim to provide financial assistance to those prospective homeowners who remain underserved today.
The Shriram Group had its humble beginnings in the Chit Fund business over four decades ago. Mr. R. Thyagarajan and his two associates ventured into these and other financial services businesses. Over time, manufacturing and services were added to the Group. Shriram Group is however best identified by its flagship NBFCs – Shriram Transport Finance Company Limited and Shriram City Union Finance Limited. The Group today manages assets of over Rs. 90,000 crores.
Among financial services, the Group’s businesses include commercial vehicle financing, consumer & enterprise finance, retail stock broking, life insurance, general insurance, chit funds and distribution of investment & insurance products. The Group has also made successful forays in non-financial products and services. It has investments in manufacturing, value added services, project development, engineering services, pharmaceuticals, machined & auto components, press dies & sheet stamping, packaging, information technology, property development etc.