Shriram Transport Finance expects AUM to remain flat in FY21
12th Oct 2020

Shriram Transport Finance Company (STFC) is expecting its assets under management (AUM) to remain flat in the ongoing fiscal (FY21) and post a double-digit growth next fiscal. In the fiscal ended March 2020, the company had seen its AUM grow by 5 percent to Rs 1,09,750 crore. 

The urban markets, especially the metros, are not fully operationalised. While the rural market returned to normalcy in the last few months, the semi-urban was back to business by August. As 90 percent of company‚Äôs branches are in non-urban areas, it has not been impacted much by the COVID-19 pandemic. 

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.