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Shriram Asset Management Company Limited is an integral part of the ‘Shriram’ Group which has a significant presence in financial services such as commercial vehicle, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products. It was incorporated on 27th July, 1994, and received the Certificate of Commencement of Business on 5th December, 1994. The Company received permission from Securities and Exchange Board of India (SEBI) to act as the Asset Management Company of Shriram Mutual Fund on 21st November, 1994, vide registration no. MF/017/94/4.
Shriram Credit Company Limited (SCCL) is a closely held Public Limited Company, originally incorporated on 10th April 1980 in Chennai, under the south India based Shriram Group, in the name of Swastik Credit Company Limited. Subsequently, the name of the Company was changed to Shriram Credit Company Ltd. and a fresh Certificate of Incorporation dated 14th May 1993 was issued by the Registrar of Companies, Tamil Nadu.
The Company is registered as a Non Deposit Taking Non Banking Financial Company with Reserve Bank of India (RBI) under section 45-IA of the Reserve Bank of India Act, 1934, and received its Certificate of Registration on 17th April 2002 vide Registration No. B-07. 00709. The key activities of the Sponsor are:
SCCL is the subsidiary of Shriram Capital Limited which is a Systemically Important Non-Deposit Taking Core Investment Company registered with Reserve Bank of India (RBI) under Section 45-IA of The Reserve Bank of India Act, 1934.
Since SCCL is already the Holding Company of those businesses engaged in providing financial services to retail investors aka "Aam Admi" in the areas of Broking and other financial activities, acting as the Sponsor of Shriram Asset Management Co. Ltd. is the logical extension of its current business structure. Hence this activity is also in sync with its present business line.
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