BUSINESS
Shriram Finance, the flagship entity of the Shriram Group, on Friday (December 20 through an exchange filing announced that it has introduced a new vertical, Shriram Green Finance, with an aim to bring all its green financing initiatives under one platform. This latest development by the company, consolidating the green finance business, aims to expand and strengthen its financing scope beyond electric vehicles (EVs) to include battery charging stations, renewable energy products, energy-efficient machinery, and other sustainable solutions. As per the regulatory filing, the company added, “By leveraging its extensive customer base, particularly in semi-urban and rural areas, Shriram Finance has the potential to play a transformative role in green financing. The company has set a target to achieve an Asset Under Management (AUM) of ₹5,000 crores for this vertical over the next 3–4 years.” Also Read: Zomato shares in focus after Sensex Entry: Market cap surpasses Tata Motors and Bajaj Auto Umesh Revankar, Executive Vice Chairman, Shriram Finance Limited, said, “The launch of Shriram Green Finance vertical is a milestone in Shriram Finance’s journey toward fostering sustainable and inclusive growth. As one of India ’s leading financial institutions, we are deeply committed to environmental stewardship and our responsibility to empower stakeholders with sustainable financial solutions. This initiative is a testament to aligning our strategies with the global shift toward a greener economy and we are charting a course for long-term value creation that balances profitability with purpose.” At the initial phase, Shriram Green Finance will prioritise its focus on building its EV portfolio in Karnataka, Kerala, the National Capital Region (NCR), and Maharashtra. It is also engaging with EV manufacturers (OEMs) to establish long-term partnerships, aiming to make vehicle financing solutions more accessible. Y. S. Chakravarti, Managing Director and Chief Executive Officer, Shriram Finance Limited, “At Shriram Finance, we view sustainability as an essential driver of progress. The Green Finance vertical exemplifies our vision to build sustainable ecosystem that benefits all stakeholders. This initiative underscores our dedication to enabling customers and partners to thrive in a low-carbon economy.” Also Read: International Gemological Institute (IGI) Share Price, IPO Listing Live Updates: Check listing, date, time, GMP, and other details As of 2:15 PM IST, Shriram Finance stock is trading at Rs 2,884.75, a decline of 2.06 per cent for the day. The shares of the company today opened at Rs 2,953.25. Its 52-week high stands at Rs 3,652.25, while its 52-week low is Rs 1,972.00. Over the past six months, Shriram Finance stock has surged by RS 87.80, reaching Rs 2,893.00, a rise of 3.13 per cent. None
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