Shriram Finance Ltd

<dhhead>Message From</dhhead>

It gives me immense pleasure to present the 45^th Annual Report of the Company for FY 2023-24. As we reflect on the journey of Shriram Finance, the last year has been a testament to our resilience, foresight and commitment to excellence. e strategic move of the merger of the Shriram entities with our Company, aimed at fortifying our position in the market has started bearing fruits, resulting in enhancing long-term shareholder value. Today, we witness the fruitful dividends of our combined efforts with a diverse portfolio of products and a wider branch network, further improving service offerings. Amidst the backdrop of global economic uncertainties, I am delighted to report that the Indian economy has steadfastly maintained its growth trajectory. Despite challenges on the international front, our nation has remained steadfast, with an impressive GDP growth rate of 8.2% in the fiscal year 2023-24. is marks the third consecutive year of robust growth, a testament to the resilience and dynamism of our economy. is stellar performance can be attributed to several key factors. Increased public sector investment has injected vitality into our economic landscape, paving the way for sustainable growth and development. Our financial sector, underpinned by a culture of resilience and innovation, has remained strong and resilient in the face of adversity. Moreover, the substantial expansion in non-food credit underscores the confidence and optimism that pervades our economy, fuelling growth and prosperity across sectors.

At Shriram Finance, we are proud to have played a pivotal role in this journey of progress and prosperity. Our commitment to empowering individuals and businesses through tailored financial solutions has enabled us to make meaningful contributions to the economic fabric of our nation. Our commitment to providing tailored financial solutions and our steadfast focus on digitalisation have continuously elevated the standard of customer experience. Our customer relationship that has been nurtured over the past years has positioned us as their preferred lender in a competitive market. In the past fiscal year, our core loan products have delivered exceptional performance, driving our Assets Under Management (AUM) 21.10% higher than in FY 2023-24. is success underscores the effectiveness of our thriving branch network and our sustained investments in Digital Transformation, which are now yielding tangible results.

Moreover, we take immense pride in our role in advancing financial inclusion across the nation, transforming our customers’ aspirations into tangible achievements. Our swi_ progress towards integrating Environmental, Social and Governance (ESG) parameters into all our operations reflects our commitment to creating shared value for all stakeholders.

With an expansive opportunity landscape, an agile and effective strategy and a scalable business model, Shriram Finance is strategically positioned in a favourable position. We continue focussing on our philosophy of enhancing stakeholder value through prudent financial management and striking a balance between high growth and prudent credit underwriting practices. As we drive forward with dual engines of organic and relationship-led growth, we are poised to reach even greater heights.

At the heart of Shriram Finance lies a deep and abiding commitment to building trust and prioritising customer-centricity, which are the pillars that shape the pace and quality of our achievements. We understand that fostering trust and prioritising the needs of our customers is pivotal in nurturing enduring relationships across our stakeholder network. We firmly believe that genuine sustainability stems from cultivating these intangible values consistently. is belief underpins our significant and ongoing investments in our people, partnership and platforms. By placing emphasis on responsible people engagement, we not only differentiate ourselves within the industry but also ensure our capacity to deliver exceptional financial returns over the long term. As we stand at the threshold of boundless opportunities, we eagerly anticipate embarking on this exhilarating journey into the future alongside our valued partners and stakeholders. Together, we will continue to uphold our commitment to excellence and chart a course towards sustained growth and prosperity. We are grateful for your continued trust, confidence and patronage for the growth of the Company. With regards,