Shriram Finance, the flagship company of the Shriram Group, has taken a major step towards sustainable development by launching Shriram Green Finance, a dedicated vertical consolidating all green financing initiatives.
With a target of achieving INR 5,000 crore in Assets Under Management (AUM) over the next 3–4 years, Shriram Green Finance aims to build a robust green finance portfolio. Leveraging its extensive customer base in semi-urban and rural areas, the initiative is poised to drive significant environmental and social transformation.
Umesh Revankar, Executive Vice Chairman, Shriram Finance, said, “The launch of Shriram Green Finance is a milestone in our journey toward fostering sustainable and inclusive growth. This initiative aligns with the global shift toward a greener economy, balancing profitability with purpose.”
Y S Chakravarti, Managing Director and CEO, Shriram Finance, added, “Our Green Finance vertical reflects our vision to build a sustainable ecosystem that benefits all stakeholders, enabling customers and partners to thrive in a low-carbon economy.”
Shriram Green Finance will raise both global and domestic funds dedicated to green investments, facilitating lending for EVs, renewable energy, and energy-efficient solutions. As India’s EV market rapidly expands, the company aims to play a pivotal role in accelerating adoption by partnering with EV manufacturers and prioritising financing in key regions like Karnataka, Kerala, NCR, and Maharashtra.
Beyond EVs, Shriram Green Finance plans to tap into India’s burgeoning renewable energy sector and emerging energy-efficient machinery market. By aligning with national and global sustainability goals, Shriram Finance is positioning itself as a leader in green financing, fostering environmental stewardship and inclusive economic growth.
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