Shriram Green Finance is a new vertical that Shriram Finance Limited created to integrate its green finance initiatives. By extending its portfolio beyond electric cars (EVs) to include battery charging stations, renewable energy sources, and energy-efficient machinery, this initiative seeks to finance a variety of ecologically conscious initiatives.
With an ambitious goal of reaching an Asset Under Management (AUM) of ₹5,000 crores within the next three to four years, Shriram Green Finance aims to build a strong green finance portfolio and build on its current leadership in EV financing. The vertical intends to increase access to green financing throughout India by utilizing Shriram Finance’s sizable semi-urban and rural clientele.
Umesh Revankar, Executive Vice Chairman of Shriram Finance Limited, stated, “Shriram Green Finance marks an important turning point in our path toward inclusive and sustainable growth. We seek to create long-term value that strikes a balance between profitability and purpose by coordinating our strategies with the global shift toward a greener economy.”
India’s EV market is expanding quickly because to technological developments and encouraging government legislation. Additionally, the renewable energy industry has grown remarkably, making it a favorable environment for investments from Shriram Green Finance.
EV financing in Karnataka, Kerala, the National Capital Region (NCR), and Maharashtra would be the vertical’s top priority at first. To make financing alternatives for EV purchasers easy and accessible, Shriram Finance is also working with Original Equipment Manufacturers (OEMs).
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