Shriram Group eyes listing of arms in 2 years

Mumbai: Shriram Group will list its life and non-life insurance subsidiaries over the next two years. Speaking at a press conference, Umesh Revankar the executive vice-chairman of Shriram Finance told reporters that both the insurance companies namely Shriram General Insurance and Shriram Life Insurance are profitable and doing well. However, the Group would like to scale them up and would list them subsequently.

He  also informed that Shriram Capital has received in-principle approval to set up an asset reconstruction company (ARC). The focus of the ARC will largely be on retail loans, Revankar said. Shriram Finance has announced former Indian cricket player and coach Rahul Dravid as its brand ambassador.