In a bold step toward fostering sustainable growth and supporting green initiatives, Shriram Finance Limited, the flagship company of the Shriram Group, has consolidated its green financing efforts under a new vertical—Shriram Green Finance. This initiative aims to fund a range of environmentally responsible projects, expanding its portfolio beyond electric vehicles (EVs) to include battery charging stations, renewable energy solutions, and energy-efficient machinery.
Building on its existing leadership in EV financing, Shriram Green Finance seeks to establish a robust green finance portfolio with an ambitious target of achieving an Asset Under Management (AUM) of ₹5,000 crores within the next 3–4 years. The vertical plans to leverage Shriram Finance’s extensive semi-urban and rural customer base to make green financing more accessible across India.
“Shriram Green Finance represents a significant milestone in our journey toward sustainable and inclusive growth,” said Umesh Revankar, Executive Vice Chairman of Shriram Finance Limited. “By aligning our strategies with the global shift toward a greener economy, we aim to create long-term value that balances profitability with purpose.”
Shriram Finance’s Managing Director and CEO, Y. S. Chakravarti, emphasized the importance of sustainability as a driver of progress. “The Green Finance vertical embodies our commitment to building a sustainable ecosystem that benefits all stakeholders while enabling a low-carbon economy,” he said.
India’s EV market is witnessing rapid growth, propelled by supportive government policies and advancements in technology. The renewable energy sector has also shown remarkable expansion, presenting a fertile ground for Shriram Green Finance’s investments.
Initially, the vertical will prioritize EV financing in Karnataka, Kerala, the National Capital Region (NCR), and Maharashtra. Shriram Finance is also collaborating with Original Equipment Manufacturers (OEMs) to create seamless and accessible financing options for EV buyers.
Shriram Green Finance plans to raise both global and domestic funds focused on green investments to drive this initiative forward.
