“Maybe a year or two from now. So once we reach a certain scale, we will do it. Maybe general first, then life next,” Shriram Finance’s Executive Vice Chairman Umesh Revankar said.
“Both are doing well. They are profit-making from inception. We have not added any capital in both the companies,” he further added.
- Shriram Life Insurance and Shriram General Insurance are subsidiaries of Shriram Group.
- Shriram Life Insurance is a joint venture between Shriram Group and South African financial services giant Sanlam Group.
- The Sanlam group had recently acquired a stake held by private equity major TPG in the general and life insurance entities. TPG held 6.29 per cent in Shriram General Insurance and 7.04 per cent in Shriram Life.