Shriram Automall ties up with Gramin Bank of Aryavart

LUCKNOW, India - Feb. 10, 2015 - PRLog -- Lucknow, 2 February, 2015: Shriram Automall India Limited (SAMIL), an ISO certified Company with AA rating from CRISIL, has in a strategic alliance with the Gramin Bank of Aryavart (GBA). An MOU was signed between both the entities on 2 February, 2015 at the bank’s head office in Lucknow. As per the agreement, SAMIL will do the pre-owned vehicle inventory of the bank and facilitate their hassle-free disposal through its physical and online bidding platforms. Commenting on the tie-up, Mr. Sameer Malhotra (CEO of SAMIL) stated “We have signed an agreement with Gramin Bank of Aryavart to provide them holistic solutions in the disposal of their pre-owned commercial vehicles, construction equipment, tractors, cars & SUVs, three wheelers and two wheelers. Regular physical and online bidding events will be conducted with an aim to fetch maximum customer base for quick and value-for-money transactions”. SAMIL has promised regular bidding events across its physical and online bidding platforms. The bank will benefit from Company’s extensive pan-India reach through over 100 bidding locations, including more than 40 well-structured Automall. The online bidding events will ensure utmost customer convenience and make way for better opportunities in product disposal. Present at the tie-up, Mr. B B Nanda (General Manager of GBA) quoted, “The physical and online bidding platforms of SAMIL showcase immense potential for a transparent disposal of our extensive range of pre-owned vehicles and equipment. Through this alliance, we aim at organising this particular segment and get maximum return through an effective disposal”.

People from left to right: Mr. Rajnish Thakur (Zonal Functional Head-Business Development of SAMIL), Mr. Bhaskar Ghosh (Zonal Head – North of SAMIL), Mr. B B Nanda (General Manager of GBA) and Mr. Vikas Chandra Agarwal (Senior Manager - CM & ARD of GBA)

About Gramin Bank of Aryavart Gramin Bank of Aryavart, a Regional Rural Bank, was constituted on 1st April, 2013 after amalgamation of two Regional Rural Banks (RRBs), namely Aryavart Kshetriya Gramin Bank and Shreyas Gramin Bank as per Government of India notification No. F.No. 7/9/2011-RRB (UP-1) dated 01-04-2013. Aryavart Kshetriya Gramin Bank was sponsored by Bank of India while Shreyas Gramin Bank was sponsored by Canara Bank. The amalgamated entity, Gramin Bank of Aryavart, functions under Regional Rural Banks Act 1976 having its Head Office at Lucknow under the sponsorship of Bank of India. The Gramin Bank of Aryavart is operating in 15 districts, namely Lucknow, Barabanki, Farrukhabad, Hardoi, Kannauj, Unnao, Faizabad, Mainpuri, Firozabad, Aligarh, Etah, Hathras, Kashi Ram Nagar, Mathura & Agra in the State of Uttar Pradesh with a network of 651 Branches & 11 Regional Offices. About Shriram Automall India (SAMIL) Shriram Automall India Limited (SAMIL), one-of-its kind facility, is a wholly owned subsidiary of Shriram Transport Finance Company (STFC). It is India's first-ever service provider that offers various well organised and transparent bidding platforms, including physical, online, one stop classified and negotiated deals, for acquisition & disposal of pre-owned commercial vehicles, construction & industrial equipment, tractors & agricultural equipment, passenger vehicles, three wheelers and two wheelers. The company also provides various allied services, including New Look Refurbishment services, valuation, parking and finance (through STFC). It has successfully launched more than 100 bidding locations, including over 40 well-structured Automalls and nearly 70 strategic parking locations, across India. The company has been awarded ISO 9001:2008 certification for its Quality Management System and rated AA from CRISIL. For more information, please contact:

SHRIRAM AUTOMALL INDIA LIMITED

709, Best Sky Tower, F-5, Netaji Subhash Place,

Pitampura, Delhi-110034

Tel: 011-41414444 Fax: 011-42414444

E-Mail: contact@samil.in

Website: http://www.samil.in