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Shriram Automall India

Shriram Automall Ties Up with State Bank of Mysore

Feb 18, 2015   15:53 IST 
Bangalore, Karnataka, India

Shriram Automall India Limited (SAMIL), one-stop destination for pre-owned vehicles and equipment, has signed an agreement with State Bank of Mysore (SBM) under which the company extends its holistic bidding solutions in the disposal of their pre-owned vehicles inventory. SAMIL will now be displaying their vehicles within its regular physical & online bidding events through which SBM eyes at their profitable disposal. The Company is also going to provide its other allied services, including parking, refurbishment, documentation and valuation for well-organised and hassle-free transactions.

 

People from left to right: Ms. Jyoti Jain (NH-Marketing of SAMIL), Mr. Prabhakar (NFH of SAMIL), Mr. Rajasekhar (K ZH South – I of SAMIL), Mr. Sameer Malhotra (CEO of SAMIL), Mr. Sanjeev Krishnan (Chief GM – Retail Banking of SBM), Mr. M.A. Samad (GM-SAMG of SBM), Mr. Venkateswarlu S (GM – PS, RB & FI of SBM) and Mr. Jasvinder Pal Singh (DGM – Agri of SBM)

 

SAMIL signed an MOU with SBM on 18 February, 2015 at the bank’s corporate office in Bangalore while marking the presence of top officials from both the entities. Mr. Sameer Malhotra (CEO of SAMIL) shared his views on the tie-up and stated, ”Our association with State Bank of Mysore has been structured on the ground of fair transactions and reliability. We shall provide complete solutions for the disposal of their pre-owned commercial vehicles, construction equipment, tractors, cars & SUVs, three wheelers and two wheelers. That means, all our bidding platforms and allied services will contribute to value-for-money deals”.

 

SAMIL’s unique bidding platforms, including physical bidding, online bidding, one stop classified kiosk and private treaty, will be strategically utilised to offer a wider reach for SBM’s pre-owned vehicles and equipment. The Company already accounts for an extensive pan-India presence with its more than 100 bidding locations (including 45+ well-structured Automalls) and holds a huge customer base through which it promises profitable transactions to the bank. 

 

Present at the tie-up, Mr. Sanjeev Krishnan (Chief GM – Retail Banking of SBM) quoted, “Through a tie-up with Shriram Automall, we intend to enhance the reach of our pre-owned vehicles and equipment in order to get maximum return on their disposal. We are looking at a long-term alliance with the service provider with an aim to bring necessary transformation within our existing disposal process”.

 

An ISO certified Company with AA rating from CRISIL, SAMIL has brought various distinctive practices within the pre-owned space of Indian Automobile industry. Together with SBM, the Company is looking at enhancing its business operations and eyes at a robust growth within its sales ahead.

 

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.

 

About State Bank of Mysore (SBM)

State Bank of Mysore was established in the year 1913 as Bank of Mysore Ltd. under the patronage of the erstwhile Govt. of Mysore, at the instance of the banking committee headed by the great Engineer-Statesman, Dr. Sir M.Visvesvaraya. Subsequently, in March 1960, the Bank became an Associate of State Bank of India. State Bank of India holds 90% of shares. The Bank's shares are listed in Bangalore, Chennai and Mumbai stock exchanges.

 

SBM has a widespread network of 1,002 Branches (as on 31.12.2014) and 9 Extension Counters spread all over India including 20 Small and Medium Enterprise Branches, 4 Industrial Finance Branches, 3 Corporate Accounts Branches, 7 Specialized Personal & Services Banking Branches, 9 Agricultural Development Branches, 3 Government Business Branches, 2 Specialized NRI Branches, offering wide range of services to the customers besides 5 Service Branches and 1 Asset Recovery Branch rendering backup support to the Bank.

 

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: contact@samil.in

Website: www.samil.in


 
 
People from left to right: Ms. Jyoti Jain (NH-Marketing of SAMIL), Mr. Prabhakar (NFH of SAMIL), Mr. Rajasekhar (K ZH South – I of SAMIL), Mr. Sameer Malhotra (CEO of SAMIL), Mr. Sanjeev Krishnan (Chief GM – Retail Banking of SBM), Mr. M.A. Samad (GM-SAMG of SBM), Mr. Venkateswarlu S (GM – PS, RB & FI of SBM) and Mr. Jasvinder Pal Singh (DGM – Agri of SBM)
People from left to right: Ms. Jyoti Jain (NH-Marketing of SAMIL), Mr. Prabhakar (NFH of SAMIL), Mr. Rajasekhar (K ZH South – I of SAMIL), Mr. Sameer Malhotra (CEO of SAMIL), Mr. Sanjeev Krishnan (Chief GM – Retail Banking of SBM), Mr. M.A. Samad (GM-SAMG of SBM), Mr. Venkateswarlu S (GM – PS, RB & FI of SBM) and Mr. Jasvinder Pal Singh (DGM – Agri of SBM)
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