The non-banking finance company reports growth in its CV financing segment, driven by infrastructure activity and logistics demand across the state.
21 Nov 2025 | 3392 Views | By Angitha Suresh
Shriram Finance has announced that its commercial vehicle financing portfolio in Maharashtra has reached ₹11,205 crore as of September 2025. The company's all-India CV assets under management for the same period stand at ₹1,28,140 crore.
The growth comes amid continued demand in India's commercial vehicle financing market, supported by ...
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Shriram Finance has announced that its commercial vehicle financing portfolio in Maharashtra has reached ₹11,205 crore as of September 2025. The company's all-India CV assets under management for the same period stand at ₹1,28,140 crore.
The growth comes amid continued demand in India's commercial vehicle financing market, supported by infrastructure development, logistics requirements, and rural cash flows. Light commercial vehicles and heavy commercial vehicles have been primary contributors, serving last-mile delivery and inter-city transport segments.
Sudarshan Holla Balnad, Joint Managing Director and Chief Operating Officer for the Commercial Vehicle Vertical at Shriram Finance, attributed the demand to Maharashtra's industrial base and expanding logistics corridors. He noted that festive-season freight activity had provided additional momentum to the sector.
The company has indicated plans to expand its presence in Maharashtra through partnerships with original equipment manufacturers and dealers. It also intends to deploy digital platforms to facilitate faster credit access and aims to increase its reach in semi-urban and rural markets to serve small fleet operators.
Shriram Finance Limited, established in 1979, is part of the Shriram group and operates as one of India's largest retail asset financing non-banking finance companies. The company reports assets under management exceeding ₹2.81 trillion and operates through a network of 3,225 branches with over 78,000 employees, serving approximately 96.64 lakh customers.
The company specializes in financing for pre-owned commercial vehicles and two-wheelers, along with loans for MSMEs, tractors, farm equipment, gold, and personal and working capital requirements.