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Press background on Shriram Group
Company profile
The Shriram Group had its humble beginnings in the Chit Fund business over three decades ago. R Thyagarajan, AVS Raja and T Jayaraman were the “three musketeers” who ventured into these businesses. Not many in the Financial services industry thought at that time, this small Chit Funds business in Chennai would indeed be the foundation for the financial conglomerate that Shriram is today. The Group today manages assets of over INR 90,000 Cr (including Non-Financial services).
 Recent press releases
Quote by Mr. Umesh Revankar, MD, Shriram Transport Finance Company Limited on Fifth Bi-Monthly Monetary Policy Statement, 2015-16

Quote/ Views of Mr. Umesh Revankar, MD, Shriram Transport Finance Company Limited:
“As expected, RBI continues to keep the rates unchanged mainly for the front loading cuts to get transmitted in the system before going for any more rate cuts. The status quo stance is also a protective... (more)
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Shriram AMC gets SEBI Nod for off Shore Fund Management

Shriram Asset Management Co Ltd has recently got the go - ahead from SEBI to undertake “off shore fund management”.
India’s relatively higher growth and diversity of themes presents an attractive opportunity for investors over the medium to long term. The sentiments have b... (more)
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Shriram Equity & Debt Opportunities Fund Delivers Consistent Performance

The Fund delivers Two Dividend Payment in less than a year
Shriram AMC to launch two new schemes both in Equity & Debt in FY16
Shriram AMC to add additional capital of Rs. 30 Crore
 
Shriram Asset Management Company has ambitious plans to grow the mutu... (more)
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Comments of Mr. Partha Ray, CIO, Shriram Asset Management Co Ltd on RBI Monetary Policy

This augurs well for the economy and growth as the lower rates are expected to spur investments and enhance demand to provide impetus to the manufacturing sector. A lot however depends on the transmission of the rate cut by 125 bps in the calendar year by Banks as they determine their appropri... (more)
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Shriram Life Launches Term Plan with Maturity Benefits

Shriram Secure Plus offers Insurance cover at affordable premium during the term of the policy and return of premiums at maturity.
On survival of the life assured up to the end of the policy term, maturity sum assured which is equal to “total premiums paid”, excluding underw... (more)
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Shriram AMC to Infuse further Capital

Shareholders of Shriram Asset Management Company Limited at their Annual General Meeting held recently authorized the Board to issue further Capital of Rs. 10 Crores (Rupees Ten Crores) by way of Private Placement.
 
Mr. D. Ramanathan, Head - Sales & Marketing, Shriram Ass... (more)
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Shriram Life Insurance Q1 FY’16 PAT up by 42 % at INR 17 Crores

Shriram Life Insurance, the life insurance arm of Shriram Group announced its results for the first quarter ended June 30, 2015.
 
Highlights for FY16-Q1 ended 30th June, 2015:
 
Particulars
Quarter ended June 30, 2015 (INR in crores)<... (more)
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Shriram Life Insurance Conferred with MMA Award for Managerial Excellence 2015

Shriram Life Insurance Company Ltd. (SLIC), the Life Insurance arm of diversified Shriram Group has been conferred with the Madras Management Association (MMA) Award for Managerial Excellence 2015 in Service Sector.
 
MMA recognized SLIC for excellence in multiple areas, inclu... (more)
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Shriram Life Insurance Bags the Award for the ‘Best Insurance Company for Non-Urban Coverage - Life Insurance’ at the Indian Insurance Awards 2015

Shriram Life Insurance bagged the award for the ‘Best Insurance Company for Non-Urban Coverage – Life Insurance’ at the Indian Insurance Awards organized by Fintelekt. These awards recognized and honoured the achievements of insurance companies in India that have met measurable an... (more)
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Shriram Life Insurance to Expand in Western and Northern regions, Eyes 25% New Business Growth

Shriram Life Insurance Company Ltd, the insurance arm of diversified Shriram Group, has identified western and northern markets as most business potential regions. While the company will continue to consolidate in the southern market, they plan to add around 70-75 new offices in Uttar Pradesh, Biha... (more)
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