Debt financing
Lender to MSMEs Shriram Finance raises $76-M from Germany’s DEG, Citi
Mumbai-based, publicly listed NBFC (non-banking financial company) Shriram Finance Ltd (SFL) has raised USD 76 million in a co-financing facility from German development finance institution DEG and Citi. Under the structure, DEG provided a EUR 40 million loan, and Citi extended INR 260 crore. Citi acted as the lead arranger and coordinator for the transaction.The company plans to use the new funds toward lending for micro, small, and medium enterprises (MSMEs), women borrowers, and electric vehicle buyers. The capital will also support financial inclusion, rural development, and climate-aligned mobility initiatives.The loan from DEG will be deployed toward financing customers in underserved geographies. The portion provided by Citi will support lending to smallholder farmers.
Between Jun 2004 and Mar 2025, Shriram Finance had attracted about USD 2,288 M from Reliance Capital, FMO, ChrysCapital, TPG Capital, Piramal Enterprises, IFC, ADB and others.For FY24, Shriram Finance had reported about INR 41,834 Cr in Operating Income and about INR 9,761 Cr in PAT.
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