Shriram Group unveils expansion plans and strategic partnerships to drive growth in the financial sector

The Shriram Group's key executives, on Monday, shared valuable insights into the company's plans for expansion, diversification, and long-term vision during an interview with CNBC-TV18. The group is determined to extend its presence throughout India, establish strategic partnerships, and adapt to the ever-changing market dynamics, positioning itself for sustained growth and success in the financial sector.

Umesh Revankar, the Vice Chairman of Shriram Finance, expressed the company's aspirations to broaden its range of products beyond the southern region of India and establish a strong presence in the pan-India market. Revankar emphasized the company's openness to partnerships in various business domains that could bring strategic advantages. He revealed that Shriram Finance is currently engaged in discussions with potential partners who can join forces to achieve their expansion goals.

JS Gujral, the Executive Vice Chairman of Shriram General Insurance, highlighted the increasing significance of non-motor policies in the general insurance sector. Gujral predicted that within the next three years, non-motor policies would contribute significantly, accounting for 20 percent of the company's overall business.