Shriram Finance
Shriram Finance is expanding: it plans about 150 branches and 2,000–3,000 hires this financial year, targeting 18–20% asset growth in FY27 (Times of India, 24 Aug), with AUM at ₹3,13,798 crore (The Hindu BusinessLine, 17 Aug). Its new-vehicle financing share is still 16–17%, against a goal of 20–25% in 2–3 years (ET Auto Retail, 1 Oct).
What it means Commercial-vehicle and passenger-vehicle lenders face a better-funded rival, backed by MUFG's 20% stake, pushing into their segments.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 5 stories, the newest dated 1 Oct 2026. Summary written 3 Oct 2026. Newer developments are under Latest moves.
Shriram Finance is an Indian non-banking finance company whose core business is commercial-vehicle finance. [1] source: ET Auto Retail[2] source: Financial Express
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Its vehicle-finance mix has shifted to 80% used vehicles and 20% new vehicles, and Tamil Nadu accounts for 15-16% of its AUM. [3] source: The Hindu BusinessLine MUFG is to acquire 20% in Shriram Finance for nearly Rs 40,000 crore. [4] source: Times of India
In October 2026, ET Auto Retail reported that Shriram Finance targets a 20–25% new-vehicle financing share over 2–3 years, up from 16–17%. [1] source: ET Auto Retail The Hindu BusinessLine reported in September 2026 that it will use MUFG's Japanese manufacturer relationships to expand dealer, supplier, inventory and supply-chain lending, with new financing products planned by October 1 and 100 branches this fiscal year. [3] source: The Hindu BusinessLine It reported 15% growth in Q1 and has an 18% growth target this fiscal. [3] source: The Hindu BusinessLine In August 2026, Times of India reported plans for about 150 branches and 2,000-3,000 added employees this financial year, with assets expected to grow 18-20% in FY27. [4] source: Times of India EV monthly disbursements rose five-fold to Rs 250 crore from Rs 50 crore last year, with Rs 500 crore targeted next year. [4] source: Times of India
Jefferies favoured Shriram Finance in September 2026, saying Chola and Shriram are gaining commercial-vehicle finance share. [5] source: NDTV Profit Financial Express reported in September 2026 that Shriram is among corporate-backed NBFCs expanding into gold loans, where Muthoot Finance and Manappuram are the incumbents. [2] source: Financial Express
Sources
Questions about Shriram Finance
How fast is Shriram Finance growing in India?
Shriram Finance reported 15% growth in Q1 and has an 18% growth target for the current fiscal year, according to The Hindu BusinessLine in September 2026. [3] source: The Hindu BusinessLine
What is Shriram Finance's current strategy in India?
In August 2026 Shriram Finance planned about 150 branches and 2,000-3,000 hires this financial year. [4] source: Times of India In September 2026 it planned dealer, supplier and supply-chain lending products by October 1 using MUFG's Japanese manufacturer relationships. [3] source: The Hindu BusinessLine In October 2026 it targeted a 20–25% new-vehicle financing share over 2–3 years. [1] source: ET Auto Retail
Who are Shriram Finance's main competitors?
In gold loans, Shriram Finance competes with Tata, Aditya Birla, L&T and Godrej, which are also expanding into the segment and adding pressure on incumbents Muthoot Finance and Manappuram, Financial Express reported in September 2026. [2] source: Financial Express
Stories that mention Shriram Finance
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Shriram Finance is named in these stories but is not their subject.