Shriram Transport Finance Company Safeguards 93,000 Truckers through Medical Care in 1HFY23

Shriram Transport Finance Company Safeguards 93,000 Truckers through Medical Care in 1HFY23
Shriram Transport Finance Company Safeguards 93,000 Truckers through Medical Care in 1HFY23
Shriram Transport Finance Company Safeguards 93,000 Truckers through Medical Care in 1HFY23

Shriram Transport Finance Company Safeguards 93,000 Truckers through Medical Care in 1HFY23

·         Provided Medical care to 93,000 members of Trucker Community in 1HFY23

·         Provided medical care to 9.85 lakhs beneficiaries through Medical Mobile Unit till date

·         Free primary healthcare services to the trucker community since 2017

·         14 Medical Mobile Units and 1 clinic setup since inception across 11 states

Chennai, November 3, 2022: One of the largest asset financing companies in India Shriram Transport Finance Company Limited (STFC) a part of the Shriram Group, has provided medical care to 93,000 members of the trucker community between April-September 2022 under its Corporate Social Responsibility (CSR) program Mobile Medical Unit (MMU).  MMU has been started for the truck community and has served around 9.85 lakh beneficiaries with 85% from the truckers community to date since its inception in 2017. The program is driven by the National Health Mission's (NHM) vision of ensuring that all people in the country have access to quality and affordable health care and the need for Shriram to take care of those underserved in their ecosystem.

From April to September 2022, within the span of the first 6 months of the year over 2000 camps have been conducted and 93,000 truckers have benefited from this initiative. Treating over 500 truckers on an average daily through 14 MMU’s and 1 clinic. The medical camps have been conducted in the outskirts of 14 cities namely, Bengaluru, Bhubaneshwar, Chennai, Guwahati, Hooghly, Jaipur, Kolkata, Mumbai, Nagpur, Patna, Ranchi, Silchar, Vapi and Visakhapatnam.

The truckers' community is largely cut off from the mainstream healthcare ecosystems due to its movable nature. Shriram Transport Finance’s MMUs & Clinic provides free health checks, laboratory tests, and medicines to them. Most of the work in healthcare has been in the area of HIV, however, STFC provides basic, crucial and essential medical facilities for the transportation community which is inaccessible due to the mobile nature of the transport industry. The MMUs offer free primary healthcare services, including free screening, diagnosis, treatment, and referral for non-communicable, communicable diseases, and minor ailments. Awareness, education, and counselling programs are also carried out during these camps.

Speaking of the medical care programme, Mr Umesh Revankar, VC & MD, Shriram Transport Finance said, “At STFC we believe in empowering the trucker community and the medical camps will help truckers to be more mindful of their health requirements and avail medical needs while on the go. The trucker community is the lifeline of the entire infrastructure and logistics ecosystem but in the rush to move/transport goods from one place to the other, their health suffers and with that, the future of their family also gets affected. We often talk about progress in economic activity without addressing the many challenges that the trucking community faces which is why we wanted to address some of their needs through the medical camps. We are committed to the upliftment of the trucker community”.

About Shriram Transport Finance Company Limited

Established in 1979, Shriram Transport is today one of the largest asset financing NBFCs in the country and holistic finance provider for the commercial vehicle industry and partner to small truck owners for every possible need related to their assets. It has PAN India presence with 1,854 branch offices. Based at Mumbai, it manages assets over Rs. 1,30,688 crores and has a live customer base exceeding 21.5 lacs. The company has developed strong competencies in the areas of loan origination, valuation of pre-owned trucks and collection. It has a vertically integrated business model and offers several products which include: Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc.


About Shriram Group

Shriram Group is India’s leading financial conglomerate with a dominant presence in commercial vehicle (CV) financing, retail financing, chit fund, equipment financing, housing finance, life insurance, general insurance, stockbroking, distribution of financial products, and wealth advisory services. The Group focuses on serving the underserved and is driven by its Financial Inclusion agenda of bringing finance to low-income families and small businesses. Shriram Capital Limited is the promoter company for the Financial Services (Shriram City Union Finance Limited & Shriram Transport Finance Limited) and holding company of Insurance entities (Shriram General Insurance Company Limited & Shriram Life Insurance Company Limited) of the Shriram Group. Shriram Housing Finance Limited is a subsidiary of Shriram City Union Finance Limited. The lending and insurance companies were created with the primary objective of optimizing the synergies across the Group entities.

Shriram Group together has an overall customer base of over 22.5 Million, with around 79,100 employees across 4,000 branches. Net profit of INR 53.6 billion with Assets Under Management (AUM) of over INR 2.16 trillion (as of Mar-22).