Shriram Housing Finance charts Rs 10,000-cr AUM growth map by FY24
Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at the Rs 10,000-crore mark, a top company official has said. The city-based affordable housing focused lender, which is one of the three credit business verticals of the Chennai-based Shriram Group, closed FY21 with a loan book of Rs 3,923 crore, which despite the pandemic washout has already crossed Rs 4,000 crore as of end-June. This means the company plans to add more than 1.5 times of its present book over the next 30 months, managing director and chief executive Ravi Subramanian told PTI in an interview. According to the plan, the loan book should be touching Rs 5,000 crore by December and close the year at around Rs 5,600 crore, and reach Rs 8,000 crore in FY23 and top Rs 10,000 crore by FY24, said Subramanian who is also a fiction-writer. The overall plan is to be amongst the top three...