Shriram Automall Inks TIE-UP With Religare Finvest Limited

PITAMPURA, India - Aug. 19, 2016 - PRLog -- Shriram Automall India Limited (SAMIL), India's No.1 platform for exchange of pre-owned vehicles and equipment, has joined hands with Religare Finvest Limited. With this tie-up, the company marks a successful commencement of its association with the financial institution and extends the benefits of its holistic solutions for the disposal of all types of pre-owned immovable assets.

Sharing views over the tie-up, Mr. Sameer Malhotra (CEO, Shriram Automall India Limited) quoted; "Shriram Automall since its inception has created a unique path for industry to follow, getting associated with leading financial institutions within a span of just 5 years like Religare is a proof that we are indeed on the right path and will continue to create benchmark with our professional services when it comes to disposal of pre-owned assets"

"With this association we aim to reap maximum benefit through Shriram Automall's expertise in immovable NPA asset space. Shriram Automall has over the years proved itself as market leaders and we are confident on better conversion in liquidation of our NPA Properties from our inventory through their effective disposal platforms" said Pankaj Sharma (Chief Risk Officer, Religare Finvest Limited)

People exchanging the MOU, Left – Mr. Sameer Malhotra, (CEO Shriram Automall), Right – Mr. Pankaj Sharma (Chief Risk Officer, Religare Finvest Limited)

Shriram Automall India Limited (SAMIL)

The agreement was signed at the corporate office of Religare Finvest Limited Gurgaon & it states that SAMIL will strategically dedicate its multiple bidding platforms, including Physical Bidding, Online Bidding and Private Treaty, towards the disposal of all types of immovable assets.

Religare Finvest Limited will gain utmost benefit as the service provider will certify the market value of every immovable asset and share inputs in the decision-making process.

About Religare Finvest Limited

Religare Finvest Limited (RFL) a subsidiary of Religare Enterprises Limited (REL), is a Small and Medium Enterprise (SME) financing focused NBFC. With a wide network of branches and ISO certification 9001:2008, RFL is committed to providing debt capital to power the growth of the SME's which constitute as the backbone of India's economy.

About Shriram Automall

Shriram Automall is 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 organized 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. Company has its presence all over the country with its already established 60 Automalls and 150+ bidding locations. The company has been awarded ISO 9001:2008 certification for its Quality Management System and rated AA+ from CRISIL.

For more information, please contact:

Ms. Jyoti Jain (NH-Marketing of SAMIL)

SHRIRAM AUTOMALL INDIA LIMITED

2nd Floor, Best Sky Tower,

Netaji Subhash Place,

Pitampura, Delhi-110034

Tel: 011-41414444

Fax: 011-42414444

E-Mail: contact@samil.in

Website: www.samil.in