Shriram Finance Eyes Rs 20K Cr Gold Loan Surge

Shriram Finance, a leading Indian non-banking financial company, is strategically enhancing its gold loan and electric vehicle (EV) financing businesses. The company aims to grow its gold loan portfolio to over Rs 20,000 crore within the next two years, targeting it to constitute 5% of its total assets under management (AUM).

Currently, Shriram Finance's EV financing portfolio is seeing substantial expansion, with monthly disbursements increasing to approximately Rs 350 crore. The company anticipates this segment to reach Rs 5,000 crore soon, boosted by positive market sentiment and decreasing costs.

Financially, Shriram Finance reported a robust second quarter in the current financial year, with a 59% surge in consolidated net profit to Rs 3,684 crore. This performance was attributed to improved economic activity and demand post-GST reforms. The company's total AUM also grew by 17% to Rs 3.29 trillion as of September 30, 2026.