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MOTORINDIA
l
September 2012
Shriram Transport Finance
empowering Indian trucking industry
Commercial vehicle financing is perhaps the
oldest retail financing segment in the country.
It is a highly fragmented segment because
though there are a large number of people
buying trucks, most of them have poor bank-
ing habits. So unorganised money lenders
meet the financing needs of several buyers of
used trucks.
The CV financing market in India is estimated to be more than Rs.
100,000 crores with vehicles more than five years old accounting for
half of it. STFC has been a leader in the organised financing of pre-
used trucks for over three decades. The company has carved a niche
for itself by catering to one of the most potential yet apparently ig-
nored segments in the country.
Established in 1979, Shriram Transport Finance Co Ltd.
(STFC) is the largest asset financing NBFC with as-
sets under management of Rs. 40,213.90
crores. The company is a leader in
vehicle finance
Pre-owned vehicles account for 70% of India’s CV sales
Mr. Arun Duggal
Non-Executive Chairman