Shriram Finance unites its green finance initiatives under Shriram Green Finance to strengthen its focus on sustainability and growth. This strategic move simplifies its green financing efforts while broadening its portfolio beyond electric vehicle (EV) financing. The company has set a target to achieve ₹5,000 crore in assets under management (AUM) for this vertical over the next 3–4 years.
Shriram Finance unites sustainability goals
Shriram Green Finance will initially concentrate on expanding its EV portfolio in major regions such as Karnataka, Kerala, NCR, and Maharashtra. To achieve this goal, the company is forming partnerships with leading original equipment manufacturers (OEMs) in the EV sector. These collaborations aim to ensure smooth and accessible financing solutions for customers, accelerating EV adoption.
Additionally, the vertical will focus on financing renewable energy projects, battery charging stations, and energy-efficient machinery. By bringing all green finance initiatives under one platform, Shriram Finance aims to provide greater transparency and sharper focus on sustainability. This step reflects the company’s long-term commitment to aligning its business strategy with eco-friendly initiatives.
Expanding Green financing across India
Furthermore, Shriram Finance plans to leverage its extensive customer base in semi-urban and rural areas to drive the green finance revolution. This large network positions the company as a key enabler of green initiatives in underserved regions. According to Umesh Revankar, executive vice chairman of Shriram Finance, the initiative balances profitability with purpose while supporting the global push for sustainable growth.
The Green financing opportunity
India’s renewable energy and EV sectors are experiencing significant growth, driven by supportive government policies and technological advancements. These sectors provide a unique opportunity for companies like Shriram Finance to expand their green portfolios. The development of fast-charging infrastructure and battery-swapping technologies further boosts the demand for green financing solutions.
To meet this demand, Shriram Finance plans to raise funds from both domestic and global sources, focusing on green investments. With the launch of Shriram Green Finance, the company is well-positioned to lead the shift toward a greener economy. This initiative reinforces its role as a driving force in India’s transition to sustainability while ensuring long-term value creation.
