Shriram Group looking to list insurance arms in two years.

The Shriram Group is considering listing its insurance arms in "a year or two," according to Umesh Revankar, the executive vice-chairman of Shriram Finance. He mentioned that both the general insurance and life insurance arms are doing well, and the company will consider listing them after they achieve a certain scale. Revankar stated that both companies are profitable, and the group may prefer to list the general insurance arm before the life insurance arm. When asked about fundraising plans, Revankar stated that the group may look at an overseas issuance only after the US Fed cuts its rates. On the domestic front, the company has various options available including bank loans, securitization, and bond issues. Revankar mentioned that the RBI's measures in November to increase risk weights have raised the cost of funds, but the company is managing fine with it. He noted that smaller NBFCs are facing fundraising challenges, while the larger ones are not. The group has put senior leadership in place to start the asset management business and has received an in-principal nod to enter the asset reconstruction business. Revankar also commented on the slowdown in passenger vehicle sales, stating that while there is a slowdown, there are segments within the auto industry showing an uptick. The company also appointed former cricketer and coach Rahul Dravid as an endorser.

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