The non-banking finance company has seen a strong surge in its commercial vehicle financing segment, fueled by increased infrastructure projects and rising logistics demand throughout Maharashtra.
Shriram Finance reported that its commercial vehicle financing portfolio in Maharashtra has reached ₹11,205 crore as of September 2025, while its total CV assets under management across India stand at ₹1,28,140 crore for the same period.
The growth is driven by sustained demand in India’s commercial vehicle financing sector, backed by ongoing infrastructure projects, rising logistics needs, and strong rural cash flows. Both light and heavy commercial vehicles have been key contributors, catering to last-mile delivery and inter-city transportation.
Sudarshan Holla Balnad, Joint Managing Director and Chief Operating Officer of Shriram Finance’s Commercial Vehicle Vertical, attributed the strong demand to Maharashtra’s robust industrial base and expanding logistics corridors. He added that festive-season freight activity had further boosted the sector.
The company plans to strengthen its presence in Maharashtra through collaborations with original equipment manufacturers and dealers. It also aims to leverage digital platforms for quicker credit access and expand its reach in semi-urban and rural areas to support small fleet operators.
Shriram Finance Limited, founded in 1979 and part of the Shriram Group, is one of India’s largest retail asset financing non-banking finance companies. The firm manages assets exceeding ₹2.81 trillion and operates through a network of 3,225 branches with over 78,000 employees, serving around 9.66 million customers.
The company offers financing solutions for pre-owned commercial vehicles and two-wheelers, as well as loans for MSMEs, tractors, farm equipment, gold, and personal and working capital needs.
