Business Model, Financials, and SWOT Analysis
About Shriram Finance
Founded in 1974, Shriram Finance has evolved from a modest loan company to a top NBFC.
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Business Model
Shriram Finance operates in three segments: Retail Financing, SME Financing, and Customized Financial Products.
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Competitive Edge
Leveraging innovation and technology through a digital platform for online loans and payments.
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Nationwide Network
Extensive branch network serving both urban and rural areas.
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Financial Highlights
Current assets and liabilities show growth; income increased by 58% in FY 2023.
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Balance Sheet Insights
Consistent non-current assets with a significant increase in current assets and liabilities.
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Income Statement
FY 2023 saw a substantial rise in income and expenses, leading to a moderate profit increase.
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Cash Flow Concerns
Negative cash flow from operating activities for three consecutive fiscal years.
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SWOT Analysis: Strengths
Strong brand presence and diverse financial services offerings.
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SWOT Analysis: Opportunities
Growth potential in rural India through government financial inclusion plans.
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Conclusion
Shriram Finance plays a crucial role in India's financial sector, supporting economic growth.
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