Shriram Transport Finance Deposit

A part of the “SHRIRAM” conglomerate which has significant presence in financial & other services. The Company was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under Section 45IA of the Reserve Bank of India Act, 1934. With a track record of about 30 years in this business, are amongst the leading organized finance provider for the commercial vehicle industry with a focus to provide various credit facilities to passenger commercial vehicles, multi-utility vehicles, three wheelers,, making them a diversified, end to end provider of finance solutions to the domestic road logistics industry.

As on March 31, 2009 it had 479 branches and tie up over 500 private financiers across the country. As on March 31, 2009 the total employee strength was 12,196, The assets under management have grown by a compounded annual growth rate (CAGR) of 68.01% from Rs. 2,92,159.35 lakhs (which comprise of AUM in the books of Company of Rs. 1,58,700.28 lakhs, assets Securitised / assigned of Rs. 28,368.43 lakhs and portfolio managed by the Company of Rs. 1,05,090.64 lakhs) in FY 2005 to Rs. 23,28,110.65 lakhs (which comprise of AUM in the books of Company of Rs. 17,92,397.14 lakhs, assets securitised / assigned of Rs. 5,31,092.91 lakhs and portfolio managed by the Company of Rs. 4,620.60 lakhs) in FY 2009. The total income and profit after tax increased from Rs. 34,568.84 lakhs and Rs. 4,932.38 lakhs in FY 2005 to Rs. 3,73,112.97 lakhs and Rs. 61,240.21 lakhs in FY 2009 at a CAGR of 81.25% and 87.71%, respectively.

Shriram Unnati Fixed Deposit Scheme.

Gruh Finance Fixed Deposit

GRUH Finance Limited (GRUH) – a subsidiary of HDFC Ltd., is a Housing Finance Company (HFC) recognized by National Housing Bank.

GRUH offers loans to individuals for purchase, construction, repairs, renovation of dwelling units. GRUH also offers loans to the Self employed segment where in formal income proofs are not available. The income of such applicants is appraised based on field investigation and surrogate income proof. GRUH also offeres loans to professionals for purchase of office premises.

The rate of interest is based on credit score methodology wherein each applicant is evaluated based on individual credit criteria. Depending on the loan product selected, the customer can therefore get a rate of interest within a band depending on individual credit score.

GRUH accepts deposits. GRUH deposits are rated MAA+ by ICRA and FAA+ by CRISIL.

GRUH has 111 offices in 7 states of the country viz. Gujarat, Maharashtra, Karnataka, Rajasthan, Madhya Pradesh, Chhattisgarh and Tamil Nadu.

Remark: 0.25% extra for senior citizens & Trust Deposits.
Registered Office

“GRUH”
Netaji Marg,
Nr. Mithakhali Six Roads,
Ellisbridge,
Ahmedabad – 380 006
Gujarat, India.

First Leasing Company Fixed Deposit

First Leasing was incorporated as the First Leasing Company of the Country on September 10, 1973. Mr Farouk Irani promoted the Company. We have been the chairperson of the Association of Leasing & Financial Services Companies over the last 7 years.

First Leasing Company of India Limited introduced leasing in India during September 1973, 34 years back and additionally commenced Hire Purchase transaction in 1986 and diversified into Consumer Finance during 1988.

The total revenues of First Leasing grew to Rs.30.95 Crores during the fiscal year ended on 31st March 2008. First Leasing financial assets are focused on quality not ‘quantity’. Approximately 80% of the rentals contracted are with counter parties representing Sovereign Risks, World Class Corporates and other large domestic companies whose payment track record over the last 15 year is unassailable.

The British government through the instrumentality of Commonwealth Development Corporation (CDC) took equity in the equivalent of GBP 2.5 million.

Remark: ECS Compulsory.