Vision

STFC was set up with the objective of offering the common man a host of products and services that would be helpful to him on his path to prosperity. Over the decades, the company has achieved significant success in reaching this objective, and has created a tremendous sense of loyalty amongst its customers. Operational efficiency, integrity and a strong focus on catering to the needs of the common man by offering him high quality and cost-effective products & services are the values driving STFC. These core values are deep-rooted within the organisation and have been strongly adhered to over the decades. STFC prides itself on a perfect understanding of the customer. Each product or service is tailormade to perfectly suit customer needs. It is this guiding philosophy of putting people first that has brought the company closer to the grassroots, and made it the preferred choice for all the truck financing requirements amongst customers

Overview
We are a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in nonfinancial services business such as property development, engineering projects and information technology. Our Company was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under section 45IA of the Reserve Bank of India Act ,1934. STFC decided to finance the much neglected Small Truck Owner. Shriram understood the power of 'Aspiration' much before marketing based on 'Aspiration' became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But we found a mismatch between the Aspiration and Ability. The Truck Operator was honest but the Equity at his command was not sufficient to support the credit levels required to buy a new truck. We did not have the heart to send the Truck Operator back empty handed; we decided to fund Preowned Trucks. This was the most momentous decision that we made. What followed was Sheer

magic.

From Driver to Owner, even if only of a Pre-owned Truck and from Pre-owned Truck to the New Truck, we have been with him in his journey of Prosperity as he has been our partner in our road to success and leadership. For us at Shriram, credit-worthiness of the Small Truck Owner has always been an article of faith. This faith has guided our journey from our pioneering days in financing Small Truck Owners to the present day leadership. Today we are not only the leader in Truck Finance; we are also India's largest Asset Based Non-Banking Finance Company. The inability of the economists to capture data relating to the economic activity of the informal sector has resulted in its neglect at the policy-making levels in the government. The distribution of Truck Ownership being scattered among a large number of individuals has resulted in this very important group being missed by the institutional radar. It is estimated that 80% of trucks in the country are in the hands of individuals.

Our Journey
Our journey has seen us making several innovations while we stood at the very edge of Organized Finance. The Banks and Institutions were guided by the Economists' vision; the Small Truck Owner who always fell on their blind side was given the miss. With a track record of about 30 years in this business, we are among the leading organized finance provider for the commercial vehicle industry with a focus to provide various credit facilities to STOs. We have also added passenger commercial vehicles, multi-utility vehicles, three wheelers, tractors and construction equipment to our portfolio, making us a diversified, end to end provider of finance solutions to the domestic road logistics industry. Besides financing commercial vehicles (both new and pre-owned) we also extend finance for tyres, engine replacement and working capital. We also provide ancillary services such as freight bill discounting besides offering co-branded credit cards. Our pan-India presence through our widespread network of branches has helped in our overall growth over the years. As on Sep30, 2012 we had 528 branches and tie up over 500 private financiers across the country. As on Sep 30, 2012 our total employee strength was 14159, including more than 8212 product executives and credit executives who are colloquially referred to as our field force.

We have demonstrated consistent growth in our business and profitability. Our assets under management have grown by a compounded annual growth rate (CAGR) of 19.77% from Rs. 195.40 crores in FY 2008 to Rs. 40220 crores in FY 2012. Our total income and profit after tax increased from Rs. 2507 crores and Rs. 389 crores in FY 2008 to Rs. 5893 crores and Rs. 1257 crores in FY

2012 at a CAGR of 23.82% and 34.02%, respectively. Today we have approximately 20-25% market share in pre-owned and approximately 7-8% market share in new truck financing , with more than 850000 customers

About Shriram Transport Finance Company Limited. Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking and Distribution businesses. Established in 1979, Shriram Transport is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets. It has PAN India presence with 539 branch offices. Based at Mumbai, it manages assets over Rs 49,500 crores and has a live customer base exceeding 9,50,000

MUMBAI, October 17, 2012: Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was chosen as the Best NBFC in Asset Backed Lending category at CNBC TV18 Best Bank and Financial Institution Awards 2012 held on October 17, 2012, at the ITC Grand Central, in Parel, Mumbai. Shriram Transport Finance Company is a part of the "SHRIRAM" conglomerate, which has significant presence in financial services, viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products

such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology. Upon receiving the award, Mr. U.G. Revankar, Managing Director, Shriram Transport Finance Company Ltd, said, We are extremely honoured to receive this prestigious award from CNBC TV18. This award signifies the hard work that Shriram Transport Finance Ltd has been putting in over the years. We at STFC are now even more determined to achieve greater heights in the future. This distinction was accorded to STFC by a distinguished panel of jurors, including Mr. Jagdish Capoor, former Deputy Governor at the RBI and former chairman of HDFC Bank and of BSE, Mr. A.K. Purwar, Chairman of IndiaVenture Advisors Pvt. Ltd & former chairman of State Bank of India, Mr. H.N. Sinor, CEO, Association of Mutual Funds of India, former CEO, Indian Banks Assn and former MD of ICICI and Mr. M.V. Nair, former Chairman, Union Bank. The jury round was preceded by a robust and rigorous scoring process designed by KPMG. The KPMG team scored all banks and financial institutions on criteria like growth, profitability, capital ratios and even softer qualities like investor/customer care and compiled a short list. In the second stage, the short-listed companies were examined by the jurors who then vigorously debated the various nominations before coming to a unanimous conclusion on each category.

Main product
HEAVY DUTY TRUCK (HDT)
Defined as Heavy Commercial Vehicles or alternatively Multi Axle Vehicles having gross vehicle weight upwards of 16.2 tons. Being a life line of the economy, these vehicles are an integral part of the commercial activity of any country and these vehicles are usually deployed in the long haul distance and in transportation of materials at the ports as also in the extraction of natural resources like Iron or Coal etc.. Almost 100 percent of these vehicles are purchased only under financing and it is estimated that nearly 1.5 to 2million HCVs are plying the Indian roads. Shriram Transport offers financing options for the purchase of both new and used vehicles to this segment which has some of the bigger fleet owners on one end of the spectrum and the small fleet / single vehicle owner on the other

MEDIUM, INTERMEDIATE AND LIGHT DUTY TRUCK (LDT)

These vehicles have a gross vehicle weight ranging from 5 to 16.2 tones and are engaged in medium haulage business especially connecting rural/ semi urban roads to urban centers. The population of these vehicles is estimated to be around 5 million. Shriram Transport offers tailor made financing solutions for the purchase of both used and new LCVs across the country which has the highest component of stand operators within its segmentati

MEDIUM, INTERMEDIATE AND LIGHT DUTY TRUCK (LDT)

These vehicles have a gross vehicle weight ranging from 5 to 16.2 tones and are engaged in medium haulage business especially connecting rural/ semi urban roads to urban centers. The population of these vehicles is estimated to be around 5 million. Shriram Transport offers tailor made financing solutions for the purchase of both used and new LCVs across the country which has the highest component of stand operators within its segmentati

PICK UP TRUCK AND MINI TRUCK ( P&MT)

These vehicles have a GVW of less than 5 tons and they fulfill the role of transportation in the spoke in a hub and spoke arrangement. These vehicles have high concentrations in short hauls and last mile delivery situations. Nearly 3 million of these vehicles occupy the bottom end of this industry of which about 0.3 to 0.5 million vehicles are three wheeler goods carrying vehicles, the balance being four wheelers. Shriram Transport gives flexible loan options to prospective buyers of these vehicles which incidentally has the highest concentration of the small operator and driver cum owner category of vehicle users

PASSENGER VEHICLE
India being a country with a population of 1.4 billion coupled with a widespread geographical area and an extensive road network, the volume of people moving from one place to another is catered to by a wide range of passenger vehicles starting from simple three wheelers, taxis, muvs, vans to high cost and state of the art Volvo / Mercedes buses travelling across the length and breadth of the country. There are nearly 10 millions of passenger vehicles that exist which makes this as one of the highest potential vertical for financing and the most insulated from economic downturns. In the car segment Shriram Transport had earlier restricted itself to finance on yellow board (Taxi) vehicles only, keeping in line with its philosophy of lending against an earning asset but from 2010 personal car loans have also been included in the product range, thus aligning ourselves to changing lifestyles of the populace

FARM EQUIPMENT
Being an agrarian economy, a substantial part of India lives in its villages and a major portion of our population is engaged in agriculture. Shriram Transport has a granular footprint of more than 300 rural / semi urban branches which are located in these centers to cater to the requirement of finance from buyers of tractors, harvesters and various other farm equipments which are deployed both for agricultural and commercial purposes. Hitherto a domain of co operative and nationalized banks rural branches, this segment is 5millions lakh strong and is ever growing thanks to mechanized methods of agriculture becoming a necessity in the wake of rural labour in availability

CONSTRUCTION VEHICLE & EQUIPMENT

The recent impetus given by the Indian Government for infrastructure spending has exponentially increased the potential for construction equipments which in turn prompted STFC to have a separate subsidiary to fund the capital requirements of large and medium contractors engaged in building of roads, bridges, dams and other infrastructure projects called Shriram Equipment Finance Co Ltd., (to

provide a hyperlink to go to SEFC site). However at STFC we do continue to fund the retail portion of this vast business with easy solutions for buyers of tippers, dumpers, backhoe loaders and cranes and as also for the purchase of pre owned construction equipment

Board of Directors
Arun Duggal (Chairman)

Mr. Arun Duggal is the non-executive Chairman of our Board. Mr. Duggal holds a Bachelors degree in Mechanical Engineering from the Indian Institute of Technology, Delhi and a Masters degree in Business Administration from the Indian Institute of Management, Ahmedabad. Mr. Duggal is an experienced international banker and has an experience of approximately 34 years in the banking and finance industry. He has advised companies on financial strategy, mergers and acquisitions and on various means of capital raising. He is also a member of the Investment Committee of Axis Private Equity. He had a distinguished career with Bank of America for 26 years in the US, Hong Kong, Japan, Philippines, etc. He was the Chief Executive of Bank of America in India from 1998 to 2001. Currently, he is a visiting faculty at the Indian Institute of Management, Ahmedabad and teaching Venture Capital.

Umesh Govind Revankar (Managing Director)

Mr. Umesh Govind Revankar holds a bachelors degree in Business Management from Mangalore University and MBA in Finance. He has attended Advanced Management Program at Harvard Business School. Mr. Revankar started his career with Shriram Group as an Executive Trainee in the year 1987.

He is with Shriram group for the last 24 years and possesses extensive experience in the financial services industry. During his stint with the Shriram Group, he has shouldered various responsibilities and worked in several key roles of business operations

About Shriram Transport Finance Company Limited Incorporated in 1979, Shriram Transport Finance Company Limited (STFCL) is the largest Indian asset financing NBFC with a primary focus on financing pre-owned commercial vehicles. The Company has been registered as a deposit-taking NBFC with the RBI. It is a part of the Shriram group of companies which has a strong presence in financial services in India, including commercial vehicle financing, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and mutual fund products. STFCL is among the leading financing institutions in the organized sector for the commercial vehicle industry in India for First Time Users and Small Road Transport Orders. It also provides financing for passenger commercial vehicles, multi-utility vehicles, three wheelers and tractors. It has also forayed into the business of providing equipment finance. The Company has a widespread network of 502 branches across India. Its total Asset Under Managementhas grown at a CAGR of 19.74% from 19,607 Crs in March 2008 to Rs. 40,306 Cr as on 31st March 2012. Its Capital Adequacy Ratio stands at 22.26%, which is far more than the RBI requirement of 15.00%. As on 31st March, 2012, its Gross NPAs and Net NPAs stands at 3.14% and 0.45%, respectively. Object of the Issue Shriram Transport Finance Company Limited (STFCL) has announced a Public Issue of secured non-convertible debentures of face value of Rs. 1,000 each aggregating upto Rs. 300 Crs with an option to retain over-subscription upto Rs. 300 Crs for issuance of additional NCDs aggregating to a total of up to Rs 600 Crs. The funds raised through this Issue, after meeting the expenditures of and related to the Issue, will be used for the Companys various financing activities including lending and investments, subject to the restrictions contained in the Foreign Exchange Management (Borrowing and Lending in Rupee) Regulations, 2000, and other applicable statutory and/or regulatory requirements, to repay the existing loans and its business operations including for capital expenditure and working capital requirements.

ORGANISATION CHART

BOARD OF DIRECORS

SHIRAM TRANSPORT FINANCE COMPANY LIMITED

R Sridhar

Managing Director

S. Venkatakrishnan

Executive Director

Umesh G Revankar

Executive Director

K.R.C Sekhar

Director

S. Ranganathan

Nominee of Citicorp Finance (India) Ltd.

Dr. T S Sethurathnam

Nominee of IREDA ltd.

K. Prakash

Company Secretary & Compliance Officer

COMPANY OVERVIEW:Established in the year 1974, the Shriram Group, comprising 750 Branches and Service Centres, in India's premier financial services chain. This company is the largest player in Truck Financing and Chit funds in the Indian subcontinent.

The group, having an annual turnover of Rs. 6,000 crore (USD 1.3 billion), has a significant presence in the Insurance Consultancy, Consumer Durable Finance and Stock Broking businesses. It also

have diversified investments in areas such as Information Technology, Pharmaceuticals, Property Development, Project Engineering, Packaging and Auto Components.

It employ over 11,000 employees across the countries that are committed to providing excellent customer service. It also have over 75,000 agents nationwide who reach out to its customers in even the most remote areas. The Shriram Group's business ventures are built on providing the most efficient and customerfocused services based on the simple principle of putting people first. This 'People First' business philosophy has earned them unstinted customer loyalty through many generations.