PRLog - Jan. 30, 2014 - AMRITSAR, India -- Amritsar, January 24, 2014: Shriram Automall India Limited (SAMIL), today, inaugurated its 29th Automall facility in India. SAMIL is steadily growing the new wing of its business with the inauguration of 3rd Automall in Punjab, after commissioning its Automalls earlier in Pathankot and Ludhiana.
In the presence of Mr. Hardeep Singh (Executive Director & Chief Executive Officer – West & North, Shriram Transport Finance Company Limited) as the Guest of Honour, the inauguration took place at the new Automall premises in Amritsar.
While introducing SAMIL’s grandiosity in the form of a contemporary Automall, Mr. Singh said, “It gives us immense pleasure to launch our new Automall in Amritsar. While holding the hands of innovation, we shall continue with our passion of serving customers with utmost integrity.”
The new Automall opening stands parallel to the Company's expansion strategy, to serve a wider audience across Punjab. By offering convenience in the location, SAMIL continues its journey of providing excellence in customer service along with unique platforms for acquisition and disposal of pre-owned vehicles and equipment.
About Shriram Transport Finance Company Limited (STFC)
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, STFC is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry. It has PAN India presence with 620 branch offices. Based at Mumbai, it manages assets over Rs 46,500 crores and has a live customer base exceeding 9,00,000.
About Shriram Automall India Limited (SAMIL)
Shriram Automall India Limited (SAMIL), one-of-its-kind facility, is a wholly owned subsidiary of Shriram Transport Finance Company. It is India's first ever service provider that offers a physical platform for acquisition & disposal of pre-owned commercial vehicles, construction and agricultural equipment in an organized and transparent manner. The company has already launched its full-fledged facilities in 29 key locations across India. The Automall offers a common meeting platform, where the valuation of the vehicle is determined through a transparent process. In addition, SAMIL also promotes two new initiatives: