To incorporate its green finance initiatives, Shriram Finance Limited established a new vertical called Shriram Green Finance. This effort aims to finance a range of environmentally sensitive projects by diversifying its portfolio beyond electric vehicles (EVs) to include battery charging stations, renewable energy sources, and energy-efficient machinery.
In order to strengthen its green finance portfolio and expand on its current position as a leader in EV financing, Shriram Green Finance has set an ambitious goal of reaching an Asset Under Management (AUM) of ₹5,000 crores within the next three to four years. By leveraging Shriram Finance’s substantial semi-urban and rural clients, the vertical aims to expand access to green financing across India.
“Shriram Green Finance represents a significant turning point in our path toward inclusive and sustainable growth,” said Umesh Revankar, Executive Vice Chairman of Shriram Finance Limited. By aligning our initiatives with the global shift toward a greener economy, we aim to create long-term value that balances profitability and purpose.
Thanks to supportive government policies and technology advancements, the EV industry in India is growing rapidly. Furthermore, the renewable energy sector has experienced remarkable growth, which makes it a good environment for Shriram Green Finance’s investments.
The vertical’s initial goal would be EV finance in Karnataka, Kerala, the National Capital Region (NCR), and Maharashtra. Shriram Finance is also collaborating with Original Equipment Manufacturers (OEMs) to provide EV buyers with simple and convenient financing options.
