10 Top Performing CEOs of India

By siliconindia   |   Tuesday, 31 January 2012, 02:11 IST   |    5 Comments
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6. R. Shridhar:  CEO and Managing Director of Shriram Transport Finance Company (STFC). His performance for the company was the most important factor, which led the company to its peak. It had an asset base of 5,000 crore, net profit of 50 crore and a market capitalization of 500 crore. Now the company stands as the largest asset financing, non-banking finance company in the country with an asset book of 18,000 crore, profits of 1,230 crore and a market capitalization of 36,000 crore.

On being asked what challenges he had to face in making STFC what it is today, he said, “The main one is the institutional Resource. We were dependent on retail funding as institutions felt that the customers whom we were financing were risky. It took a lot of time for us to change their mindset. This we sis by maintaining excellent asset quality and once the change happened over the last seven of eight years.” He has also contributed in a big way to make lending to truckers a credible business.