Incorporated in 1979, Shriram Transport Finance Company (STFC) is a non-banking financial company promoted by Shriram Transport Group. Shriram Transport Finance Company Limited (STFC) is primarily engaged in hire purchase, lease financing and financing commercial vehicles to Small Road Transport Operators. The other associate companies engaged in this business are Shriram Investments, Shriram City Union Finance and Shriram Overseas Finance. They are primarily into truck finance, chit funds, consumer finance, general insurance, life insurance, stock broking. They have their presence in the insurance consultancy, consumer durable finance and stock broking businesses. They have diversified investments in areas such as information technology, pharmaceuticals, property development, project engineering, packaging and auto components. STFC is headquartered at Mumbai, India. The commercial vehicle finance operations of STFC are divided across four regions; in turn, these regions are divided into 53 divisions and supported by a network of 179 branches. With the merger of Shriram Overseas, Shriram Transport Finance Company now has close to 300 branches across the country, financial assets of over Rs 50 billion and assets under management of around Rs 75 billion. STFC is now progressively widening its basket of offerings and originating new commercial vehicle loans on behalf of Citicorp Finance (India) and UTI Bank under its Portfolio Management Scheme.
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