Shriram Finance Maharashtra CV Portfolio: September 2025 Snapshot
- Maharashtra CV AUM: ₹11,205 crore as of Sep 2025 – fastest-growing state portfolio
- All-India CV AUM: ₹1,28,140 crore (Maharashtra contributes ~8.75%)
- Key Drivers: Infrastructure boom, logistics corridors, festive freight surge, last-mile & inter-city demand
- Vehicle Mix: Strong traction in LCVs (last-mile) and HCVs (long-haul)—both new & pre-owned
- Expansion Plans: Deeper OEM/dealer partnerships, digital lending platforms, aggressive semi-urban/rural push for small fleet operators
- Company Scale: Total AUM ₹2.81+ lakh crore, 3,225 branches, 78,000+ employees, 96.64 lakh customers nationwide
Shriram Finance Powers Maharashtra’s Commercial Vehicle Boom with ₹11,205 Crore Portfolio Milestone
Shriram Finance Limited, India’s largest retail NBFC focused on vehicle and MSME financing, has crossed a major landmark in the country’s industrial powerhouse state: its commercial vehicle financing portfolio in Maharashtra now stands at ₹11,205 crore as of September 2025. This figure cements Maharashtra as one of the fastest-growing regions in Shriram’s nationwide CV book, which itself swelled to an imposing ₹1,28,140 crore during the same period.
The surge reflects the state’s dual role as India’s logistics nerve center and infrastructure epicenter. From the Mumbai-Nagpur Samruddhi Mahamarg to the Delhi-Mumbai Industrial Corridor, from Nhava Sheva port expansion to the explosive growth of e-commerce warehousing in Pune and Nashik, commercial vehicles have become the lifeblood of Maharashtra’s economy. Add festive-season freight movement and robust rural cash flows, and the demand for both light and heavy commercial vehicles has stayed red-hot.
What’s Driving the Maharashtra Magic?
Sudarshan Holla Balnad, Joint Managing Director and Chief Operating Officer (Commercial Vehicle Vertical), put it plainly:
“Maharashtra’s industrial base, expanding logistics corridors, and festive freight activity have collectively fueled this growth. The state continues to be a high-potential market for both last-mile delivery and long-haul transportation.”
The numbers back him up. Light commercial vehicles (sub-3.5T segment) are seeing explosive uptake from e-commerce giants and city distributors, while heavy trucks and tippers ride the infrastructure wave: concrete for metro projects, steel for high-rises, and goods movement along new expressways. Shriram’s specialty in pre-owned vehicle financing gives it an edge with small fleet operators who form the backbone of India’s road transport ecosystem.
Next Gear: Digital, Partnerships, and Deeper Rural Reach
Shriram Finance isn’t resting on its laurels. The company is doubling down on Maharashtra through three strategic pillars:
- OEM & Dealer Partnerships: Tighter alliances with Tata Motors, Ashok Leyland, Mahindra, and regional dealership networks for faster loan origination
- Digital Lending Platforms: Instant credit appraisal and disbursal via mobile apps and API integrations to cut approval time from days to hours
- Semi-Urban & Rural Penetration: Targeted branch expansion and feet-on-street teams to capture the massive fleet of 3–10 vehicle operators in districts like Nashik, Aurangabad, Kolhapur, and Solapur
These moves align perfectly with India’s broader commercial vehicle financing market, which is projected to grow at 15–18% CAGR through 2030 on the back of infrastructure spending (₹111 lakh crore National Infrastructure Pipeline) and GST-led logistics formalization.
The Shriram Empire in Numbers
Founded in 1979, Shriram Finance today commands:
- Total assets under management: ₹2.81+ lakh crore
- Pan-India network: 3,225 branches
- Workforce: 78,000+ employees
- Customer base: 96.64 lakh borrowers
Beyond commercial vehicles, the NBFC remains a leader in pre-owned two-wheeler financing, MSME loans, tractor & farm equipment credit, gold loans, and working capital solutions, making it the go-to financier for India’s vast informal and semi-formal economy.
With Maharashtra’s CV portfolio now firmly past the ₹11,000-crore mark and showing no signs of slowing, Shriram Finance is not just riding India’s infrastructure and logistics supercycle; it is helping fuel it, one truck, one tipper, and one last-mile van at a time.
Source: www.autocarpro.in
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