Shriram Finance Sees 6% Rise in Q4 Net Profit, Expands into Payments Business
Shriram Finance, the flagship company of the Shriram Group, has reported a 6% increase in its Q4 net profit. According to Ravi Subramanian, the company is poised to surpass Rs 3 trillion in assets during the current financial year, driven by a 15% loan growth. This significant expansion is set to bolster the company's position in the financial sector. With the board clearing its foray into the payments business, Shriram Finance is well-placed to capitalise on emerging trends in digital payments and fintech. As the company continues to grow, it is likely to explore new avenues in financial services, including online payment systems and mobile wallets. With a strong focus on financial inclusion and customer convenience, Shriram Finance is set to make a significant impact in the payments industry. Key areas of growth include loan disbursement, asset management, and digital payment solutions, all of which are expected to contribute to the company's overall financial performance.
