Shriram Transport Finance Company Honored with the No.1 Brand Award

Shriram Transport Finance Company (STFC) has been honoured with the country’S No.1 Brand Award by IBC Infomedia Pvt. Ltd., a division of IBC Infomedia Corporation, New Jersey, USA. The company has been awarded as the best Vehicle Finance Company in the country. The award ceremony took place at the Hotel Hyatt Regency in Mumbai.

The INDIA’S NO. 1 BRAND AWARD is a true recognition of excellence and appreciation of brands in various categories that meet the criteria, based on a nationwide survey conducted by MRG among the consumers.

STFC is the country’s leading NBFCs who have successfully carved a niche for itself in the used vehicle financing space by financing truck drivers and operators who aim to grow and become fleet owners. Coming out with unique proposition of relationship based business model, the company now has built the largest asset under management (AUMs) in the country of around Rs 59,000 crore

Commenting on the occasion Mr. P. P. Puntambekar, Senior Vice President, STFC said, “We are privileged to be awarded as the country’s number one brand in the vehicle finance space. We accept this award on behalf of the hardworking people in our company who helped in making STFC the number one brand in this category.”

He further added, “We would continue to strive towards maintaining the number one position of our brand.”

About Shriram Transport Finance Co Ltd:

Shriram Transport Finance Co Ltd. is the largest asset financing NBFC. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-12 year old trucks and a market share of around 25%. It has a pan-India presence with a network of 630 branches, and employs 18,078 employees including 11,243 field officers. The company has built a strong customer base of approx. 1.10 mn. Over the past 34 years, it has developed strong competencies in the areas of loan origination, valuation of pre-owned trucks and collection. It has a vertically integrated business model and offers a number of products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc. For more information please visit www.stfc.in