Shriram Capital Limited (SCL), the parent company of the Shriram Group and Shriram City Union Finance, will merge with Shriram Transport Finance in the near future. As a result, Shriram Financial Ventures (Chennai) Private Limited (SFVPL), which previously SCL’s holding company, would now be the promoter and holding company of the Group’s Financial Services and Insurance companies.
Shriram Ownership Trust (SOT) and the Sanlam Group of South Africa jointly hold SFVPL. It will assist each of its Group investee companies in expanding and growing, while also looking for newer business opportunities in the Financial Services sector. The primary goal would be to drive growth through the use of both technology and finance.
DV Ravi, the former Managing Director of SCL and the Managing Trustee of SOT, will be the Vice Chairman and Managing Director of SFVPL.
N S Nanda Kishore, Director and CEO of Novac Technology Solutions, and Subhasri Sriram, Executive Director and Chief Financial Officer of Shriram Capital, will serve as Joint Managing Directors.
Subhasri Sriram has extensive experience in finance, investor relations, entity structuring, and new ventures.
Nanda Kishore’s areas of expertise include technology, digital, synergy creation, and new initiatives.
“At a Group level, we have completed a comprehensive exercise of simplifying the corporate structure and businesses under SFVPL, will now be focusing on facilitating the growth in the NBFC and insurance space and also evaluate emerging opportunities and new initiatives in these domains,” said DV Ravi.
SFVPL’s board will be made up of Nominee Directors, Whole-Time Directors, and Independent Directors, with Dr. KP Krishnan (retired IAS Officer) serving as its Independent Director and Non-Executive Chairman.
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