&w=3840&q=100)
Shriram Finance likely to cross ₹3 trn AUM, targets 10 mn customers in Q2
Shine Jacob
Listen to This Article
Shriram Finance, one of the largest retail non-banking financial companies in India, expects its total assets under management (AUM) to cross Rs 3 trillion by the end of this fiscal, up from Rs 2.72 trillion currently. Its live customer base is also likely to touch 10 million within the current quarter (Q2), a top company executive said.
'If you calculate a growth rate of 15 per cent, then we should reach Rs 3 trillion by the end of this fiscal. This quarter itself, we will clock 10 million live customers, up from 9.7 million now, who are paying the instalments,'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Robust tourism helps excise dept boost revenue by 45% since 2022
Panaji : Goa's excise department has seen a significant jump in revenue, with a 45% increase over the last four financial years. The department raked in Rs 947.9 crore in 2024-25, as against Rs 650 crore in 2021-22. This increase is attributed to robust tourist footfalls and enforcement by the department. Goa's excise collection shot up to Rs 865 crore in 2022-23 due to several measures implemented by the excise department. In 2023-24, the department's revenue increased to Rs 900.2 crore. Goa's excise revenue is largely driven by tourists who either purchase alcohol from retail stores or consume liquor at restaurants and hotels. Alcohol sales are also driven by events in the state. Data shared with the legislative assembly also shows that Rs 4.1 crore is owed to the department by 242 retail outlets, bars and alcohol manufacturers since 2018. Of the 242 defaulters, most are from Tiswadi and Salcete talukas. While some of the licence holders have come forward and cleared their dues, the department has been forced to issue notices to most of the excise licence holders to recover what is owed. Those outlets which have ignored notices and reminders to pay the annual audit fees risk having their licences being cancelledwith the department already proposing to cancel some licences">, said officials. In the Goa budget 2023-24, the excise duty on high-end liquor was reduced and duty on other categories of Indian made foreign liquor (IMFL) was marginally increased to shore up revenues. The department said that while no tax refund or waiver has been granted under the Excise Duty Act, applicants have been offered an adjustment of excise duty only in cases where permits are cancelled and the said excise duty paid for liquor goods in these cancelled permits are adjusted in their future permits.
Time of India
an hour ago
- Time of India
Govt owes tourism contractors over Rs 39.7cr with bills from 2019
Panaji : From housekeeping services and painting to legal fees and translations, the tourism department has racked up Rs 39.7 crore in unpaid bills. Contractors for events, vehicles and executed projects have been fretting with their money lying locked up with the tourism department as well as the Goa Tourism Development Corporation (GTDC), with some of the bills dating all the way back to 2019. Among those that the department owes money are govt entities such as Goa Human Resource Development Corporation Limited and Goa Electronics Limited. The tourism department's 17 outstanding bills are largely for tourism roadshows and trade fairs, and most are for the current year with just two bills dating back to Dec 2024. However, GTDC's track record of clearing bills of contractors and event management firms is not on par. The Goa Human Resource Development Corporation Ltd provided security services at GTDC residencies for 2019-20 for which it billed GTDC Rs 1.03 crore, an amount that remains unpaid, shows data released in the state legislative assembly. Invoices towards the organisation of the Manohar Parrikar Vidnyan Mahostav in Dec 2021 worth Rs 3.7 lakh also remain unpaid. Taxi bills worth Rs 8.65 crore remain unpaid, shows the data released in the state legislative assembly. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Emergency Generators in Sevilla: (Prices May Surprise You) Emergency Generator | Search Ads Search Now Undo Information provided by the department also shows that Rs 4.4 crore has to be released to a private firm for development of amenities at the Bom Jesus Basilica under the PRASHAD Scheme. GTDC said that many of these bills are 'under consideration' and will be cleared once scrutiny and approval is obtained. Bills for the G20 meetings, which were held in Goa, also remain unpaid. Goa hosted several G20-related meetings during India's presidency in 2023, including the G20 Tourism Working Group Meeting and the Tourism Ministers' Meeting.
Time of India
an hour ago
- Time of India
If I became CM, I would give Rs 1 lakh incentive to regular farm loan repayers: Mushrif
Kolhapur: Govt spent Rs 46,000 crore last year towards Mukhyamantri Mazhi Ladki Bahin yojana installments of Rs 1,500 for all eligible women. Therefore, the financial situation is tough, as a result of which, govt is unable to fulfil the promise of farm loan waiver as promised by Mahayuti during the assembly election, said NCP politician and minister of medical education Hasan Mushrif. Speaking at Vandur village in Kolhapur on Saturday evening, Mushrif said that if in the future he becomes the chief minister, he would increase the incentive to the farmers repaying loans regularly from Rs 50,000 to Rs 1 lakh. Due to the promise of a loan waiver, farmers have kept their loan dues pending, except in Kolhapur district, where 91% of agricultural loans were recovered. "Another promise we made is the loan waiver to the farmers. The situation is quite challenging. This year, we disbursed Rs 46,000 crore for Ladki Bahin. Recently, we found that as many as 14,000 men have been listed as beneficiaries. I have a different view on loan waiver. Farmers don't pay loans if govt declares the intention of a loan waiver. The dues keep pending. The banks go deep into crisis. Therefore, if I become CM in the future, by the grace of God and people's support, I will increase the incentive amount to Rs 1 lakh from Rs 50,000," said Mushrif. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Official IQ Test: What is Your IQ? | Answer 30 Questions to Find Out IQ International Undo Mushrif also said govt has not distanced itself from increasing the Rs 1,500 monthly Ladki Bahin instalment to Rs 2,100. "Press the button in front of clock (NCP symbol) and lotus (BJP symbol) during the upcoming zilla parishad and local body elections. We will not rest until we get Rs 2,100 into the accounts of Ladki Bahin beneficiaries," said Mushrif.
