Mumbai, 7th March: Shriram Finance Limited (SFL) takes steps to raise gender diversity in the organization. SFL currently has over 6300 women employees across functions. At Shriram Finance, the percentage of women employed stands at 11% of the total workforce, and the organization promotes women-friendly HR & hiring policies across departments to hire competent women. The Personal Loans front line department is an end-to-end women workforce of over 1000 women.
SFL has put emphasis on the need to bring in at least 10% of women every year on its prestigious Management Trainee Program. SFL plans to raise the percent of women workforce by 20% in the next 3 years and 30% in 5 years.
Benefits that SFL gets from a diverse talent pool:
- Improved financial performance
- Reduced risk
- More challenging and robust decision making
- Increase in the attraction to a wider talent pool.
About Shriram Finance Limited.
Shriram Finance Limited, (BSE: SHRIRAMFIN (511218), NSE: SHRIRAMFIN) a 43-year-old company and part of the Shriram Group, is one of the largest NBFCs in India. The company is a leader in the organized financing of pre-owned trucks with a strategic presence in 5-10-year-old truck lending. The company has a pan-India presence with a network of 2,875 branches, and employs 57,382 employees. The company has built a strong customer base of around 6.7 million customers. The company has developed strong competencies in the areas of loan origination, valuation of pre-owned trucks and collection. It offers several products which include: Pre- owned CV financing, New CV financing, Two Wheeler Loans, Passenger Vehicle Loans, SME Financing, Personal Loan, Gold Loan and other loans like accidental repair loans, tyre loans and working capital finance, etc.
About Shriram Group
Shriram Group is India’s leading financial conglomerate with a dominant presence in commercial vehicle (CV) financing, retail financing, chit fund, equipment financing, housing finance, life insurance, general insurance, stockbroking, distribution of financial products, and wealth advisory services. The Group focuses on serving the underserved and is driven by its Financial Inclusion agenda of bringing finance to low-income families and small businesses.