Shiram Credit

What Shiram Credit does

Shriram Credit Company Limited (SCCL) is a Chennai-headquartered, RBI-registered Non-Banking Financial Company (Non-Deposit Taking) and the holding entity for the Capital Markets businesses of the Shriram Group, with parent Shriram Capital Pvt. Ltd. Founded as a Shriram Group entity in 2002 and serving as the technology enabler for the cluster, SCCL provides strategic oversight, leadership, and centralized support across governance, talent, technology enablement, and brand/marketing for its subsidiaries. It also operates directly as a secured lender, with its flagship product being Loans Against Securities (LAS) extended against pledged mutual funds and shares, offered both online via a fully automated digital platform and offline through the wider Shriram Group branch network.

The core technology stack centers on a digital lending platform supporting end-to-end online loan processing for LAS, including digital KYC, instant approvals, and LTV-based underwriting (up to 50% for equity mutual funds, up to 70% for debt mutual funds, with SSL 128-bit encryption for data security). SCCL also operates the DhanLAP mobile lending app, powered by Lending Service Provider Ark Neo Financial Services, available on Android and iOS. The product portfolio is supplemented through eight wholly-owned subsidiaries: Shriram Asset Management Co. Ltd. (SEBI-regulated, listed AMC), Shriram Insight Share Brokers Ltd., Way2Wealth Brokers Pvt. Ltd. and Way2Wealth Commodities Pvt. Ltd. (stock/commodities broking and depository/RTA), Shriram Fortune Solutions Ltd. (financial product distribution), Shriram Research Pvt. Ltd. (equity research/advisory), Shriram Trustees Ltd., and Indypurse Digital Technologies Pvt. Ltd.

Revenue is generated through multiple streams: interest income from LAS (subscription/recurring model), transaction fees from stock/commodities broking, asset management fees from the AMC, distribution/transaction fees on insurance, deposits, and mutual funds, and professional services fees from research and advisory. Pricing is not publicly disclosed and is largely LTV-based and quote-based, with LAS interest rates typically lower than unsecured personal loans given the secured nature of the product. The go-to-market is hybrid: self-serve digital (website and DhanLAP app) for digitally savvy customers, and a direct field sales motion through the Shriram Group's 4,700+ offices for non-digital segments. Target customers are mass-affluent Indian households with investments in mutual funds and shares seeking liquidity without liquidating their portfolios, alongside retail investors and capital markets businesses that consume the subsidiary suite of services.

Name

Shiram Credit

Legal name

Shriram Credit Company Limited

Website

https://shriramcredit.in

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shriram Credit Company Limited is an RBI-registered NBFC and holding company for Shriram Group's Capital Markets businesses, offering secured digital Loans Against Securities (mutual funds and shares) to mass-affluent Indian households and operating broking, depository, AMC, and distribution subsidiaries.

Ownership category

akta.pro rank

Product category

NBFC Lending and Capital Markets Services

NAICS

Nondepository Credit Intermediation (5222), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Loans against securities
• Non-banking financial services
• Capital markets lending
• Asset management services
• Financial product distribution

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loans Against Securities Interest: Interest income generated from secured loans extended against pledged securities (mutual funds and shares). These are secured lending products where borrowers retain ownership of investments while accessing liquidity.
2. Stock & Commodities Broking Services: Revenue generated through subsidiaries Way2Wealth Brokers Pvt. Ltd. and Shriram Insight Share Brokers Ltd. providing stock and commodities broking, depository, and RTA services.
3. Asset Management Fees: Revenue from Shriram Asset Management Company Limited, a listed SEBI regulated asset management company offering mutual fund products.
4. Financial Products Distribution: Distribution revenue from selling Life Insurance, General Insurance, Deposits, and Mutual Funds through Shriram Fortune Solutions Ltd.
5. Equity Research and Investment Advisory: Revenue from research and advisory services provided through Shriram Research Pvt. Ltd.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Shriram Credit Company Limited (SCCL) is a non-deposit taking, systemically important non-banking finance company (NBFC) registered with the RBI since 2002. It primarily extends Loans Against Securities backed by mutual fund units and shares, and also functions as a holding company for capital-markets-focused subsidiaries offering stock and commodities broking, depository services, registrar and transfer agent (RTA) services, asset management, financial product distribution, equity research, and investment advisory.

Product overview

Shriram Credit Company Limited operates as a holding company for Capital Markets businesses and serves as a lending entity registered with RBI in 2002. The company offers a unified platform of financial services through its subsidiaries and associates. The core product portfolio comprises Loans Against Securities (Mutual Funds & Shares) as the primary lending product, complemented by a suite of Capital Markets services including Stock & Commodities Broking (via Way2wealth Brokers and Shriram Insight Share Brokers), Depository & RTA Services, and Equity Research & Investment Advisory Services (via Shriram Research). Additionally, the company provides Asset Management through Shriram Asset Management Company Limited and Financial Products Distribution (Life Insurance, Deposits, General Insurance, Mutual Funds) through Shriram Fortune Solutions Ltd. The ecosystem also includes DhanLAP, a digital lending app powered by Ark Neo Financial Services, enabling instant loans against securities through mobile platforms.

Differentiator

Problem solved

Functional benefit

Brands

• DhanLAP: Digital Lending App (DLA) powered by Ark Neo Financial Services Pvt Ltd. for Loan against Mutual Funds & Shares.

Products and services

• Loans Against Securities (Mutual Funds and Shares) Loan product that allows customers to pledge mutual fund units and shares held in their demat accounts as collateral to obtain short-term funding without selling their investments, available to retail investors and mass-affluent customers.
• DhanLAP Digital Lending App Mobile-first digital channel that enables customers to apply for and manage Loans Against Securities online by pledging mutual fund units and shares through their demat accounts.
• Stock and Commodities Broking Services (Way2Wealth) Broking service operated through subsidiary Way2Wealth, providing trade execution across stock and commodity markets for retail and institutional investors.
• Depository Participant Services Depository participant services enabling clients to open and maintain demat accounts and settle securities transactions through SCCL's subsidiary infrastructure.
• Registrar and Transfer Agent (RTA) Services Registrar and transfer agent services provided through subsidiaries to maintain investor records, process transfers, and service mutual fund folios and corporate securities.
• Asset Management Services (Shriram AMC) Asset management services offered through subsidiary Shriram Asset Management Company, managing investment portfolios and mutual fund schemes for retail and institutional investors.
• Financial Products Distribution Distribution of third-party financial products such as mutual funds, insurance, and bonds to retail customers, generating commission-based revenue.
• Investment Advisory and Equity Research Services Investment advisory and equity research services delivered through subsidiaries, providing stock recommendations, market research, and portfolio advisory to retail and institutional clients.

Quantifiable outcome

• Loans disbursed within 24 hours of completing all formalities for eligible borrowers with registered Depository Participant
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Ark Neo Financial Services Private LimitedcoreTechnology or IntegrationArk Neo Financial Services is a Lending Service Provider (LSP) for Shriram Credit Company Limited, providing customer acquisition and servicing for Loan Against Mutual Funds & Shares through their DhanLAP digital lending platform. The partnership enables SCCL to offer digital loans via a fully automated online service.
• DhanLAP (Powered by Ark Neo Financial Services)coreTechnology or IntegrationDhanLAP is a Digital Lending App (DLA) powered by Ark Neo Financial Services, integrated with Shriram Credit Company Limited for providing Loans Against Mutual Funds & Shares. Available on Android and iOS platforms with grievance redressal mechanisms.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shiram Credit