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Shriram Automall India

Shriram Automall Marks Another Tie-up Under Housing Segment; Joins Hand with Manipal Housing Finance Syndicate Limited

Mar 10, 2015   12:10 IST 
Manipal, Karnataka, India

Shriram Automall India Limited (SAMIL) has strengthened its newly-launched housing segment while marking a tie-up with Manipal Housing Finance Syndicate Limited (MHFSL), a NHB (National Housing Bank) registered Housing Finance Company. Being a leading Service Provider, facilitating a transparent and hassle-free exchange of movable assets, SAMIL has strategically diversified its business operations and incorporated housing as an indelible segment under its portfolio. After its recent introduction, this particular segment has witnessed major thrust in terms of growth at SAMIL. An agreement with MHFSL is aimed at providing end-to-end solutions to the Housing Finance Company in the disposal of its housing properties.

 

Sharing views on the tie-up, Mr. Sameer Malhotra (CEO of SAMIL) quoted, “At SAMIL, we consistently look forward to enhance the dimension of our unique bidding platforms. Our association with MHFSL is targeted towards fetching maximum value on the disposal of their immovable assets (housing)”.

 

Shriram Automall will be strategically dedicating its online bidding platform for the bank’s housing properties. Regular bidding events will be conducted on property.samil.in, which is a prominent web-portal, especially dedicated towards the property segment.  

 

Being a strong player within the pre-owned vehicles and equipment market, SAMIL has a great portfolio to its credit in terms of bidding and its dynamics.

 

Commenting on the tie-up, Mr. T Sunil Pai (Executive Director of MHFSL) stated, “Being a Housing Finance Company, MHFSL had been looking for holistic service provider to get maximum value on the disposal of housing properties. We shall be working closely with Shriram Automall for a wider reach of our properties“.

 

Apart from online bidding events, SAMIL will also invite tenders from public and conduct negotiated deals in order to provide maximum, pan India reach to MHFSL’s assets.    

 

About Manipal Housing Finance Syndicate Limited (MHFSL):

Manipal Housing Finance Syndicate Limited (MHFSL) is a NHB registered Housing Finance Company, having its registered and corporate office at “Manipal House”, Manipal – 576 104, Udupi, Karnataka. The company is jointly promoted by Syndicate Bank, a premier Public Sector Bank and well known Manipal Group.

 

MHFSL came into being in the year 1986 as a Public Limited Company. It is a Triple `B+’ rated HFC, with permission from National Housing Bank (NHB) to accept public deposits. It belongs to the Manipal Group, founded by Late Dr. T M A Pai, which has made its mark in diverse areas such as, banking & finance, education & health care, printing & publication, hospitality and information technology, etc. The main objective of MHFSL is to provide long term finance to individuals for acquisition/construction/repairs/renovation of houses. The company also has the objective of extending finance on existing property for business/personal needs. MHFSL offers wide range of home loan products tailored to meet the needs of individual clients. MHFSL operates through its network of branches located at Bangalore, Mumbai, Chennai, Hyderabad, Mangalore and Udupi.

 

About Shriram Automall India (SAMIL)

Shriram Automall India Limited (SAMIL), one-of-its kind facility, is a wholly owned subsidiary of Shriram Transport Finance Company (STFC). It is India's first-ever service provider that offers various well organised and transparent bidding platforms, including physical, online, one stop classified and negotiated deals, for acquisition & disposal of pre-owned commercial vehicles, construction & industrial equipment, tractors & agricultural equipment, passenger vehicles, three wheelers and two wheelers. The company also provides various allied services, including New Look Refurbishment services, valuation, parking and finance (through STFC). It has successfully launched more than 100 bidding locations, including over 45 well-structured Automalls and nearly 70 strategic parking locations, across India. The company has been awarded ISO 9001:2008 certification for its Quality Management System and rated AA from CRISIL.

 

For more information, please contact:

SHRIRAM AUTOMALL INDIA LIMITED

709, Best Sky Tower,

F-5, Netaji Subhash Place,

Pitampura, Delhi-110034

Tel: 011-41414444

Fax: 011-42414444

E-Mail: [email protected]

Website: www.samil.in


 
 
People from left to right: Mr. Mahesh Alike (Advocate of Shriram Group), Mr. Austin D’souza (RFH of SAMIL), Mr. Prashanth Shetty (AM of SAMIL), Mr. Prabhakar (NFH of SAMIL), Mr. T Sunil Pai (ED of MHFSL), Dr. K K Ammannaya (GM of MHFSL), Mr. Sathyanarayana (Senior Manager of MHFSL), Mr. Ramesh (Manager of MHFSL)
People from left to right: Mr. Mahesh Alike (Advocate of Shriram Group), Mr. Austin D’souza (RFH of SAMIL), Mr. Prashanth Shetty (AM of SAMIL), Mr. Prabhakar (NFH of SAMIL), Mr. T Sunil Pai (ED of MHFSL), Dr. K K Ammannaya (GM of MHFSL), Mr. Sathyanarayana (Senior Manager of MHFSL), Mr. Ramesh (Manager of MHFSL)
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