CEO of a major Indian non-bank lender in Mumbai.
Mumbai, India – Shriram Finance CEO Parag Sharma has indicated that the company, India’s second-largest non-bank lender by market capitalization, does not anticipate the need for fresh capital infusion for the next five years. This projection is underpinned by expectations of sustained annual credit growth between 18-20% and the maintenance of healthy margins at 8.5%.
Sharma’s outlook suggests that Shriram Finance will be able to expand its asset base and manage its growth trajectory without resorting to capital raising exercises every few years. This financial strategy aims to ensure stability and predictable performance in a dynamic market environment.
The company’s strong financial footing and projected growth rates are key factors in Sharma’s confidence regarding capital independence. This development could be significant for investors looking for stable, long-term performance from established financial institutions in the Indian market.
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