SHRIRAM AUTOMALL INKS TIE-UP WITH MANAPPURAM FINANCE LIMITED
Mumbai, 9th June, 2016: Shriram Automall India Limited (SAMIL), India’s No.1 platform for exchange of pre-owned vehicles and equipment, has joined hands with Manappuram Finance 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 vehicles and equipment. Under this alliance, Shriram Automall will cater to all the segments of the Manappuram Finance Limited, including pre-owned commercial vehicles, construction equipment, tractors, cars & SUVs, three wheelers and two wheelers.
The agreement was signed at the regional office in Mumbai & it states that SAMIL will strategically dedicate its multiple bidding platforms, including Physical Bidding, Online Bidding, OneStop Classified Kiosk and Private Treaty, towards the disposal of the institutions all types of pre-owned vehicles and equipment.
Sharing views over the tie-up, Mr. Sameer Malhotra (CEO, Shriram Automall India Limited) quoted; “it feels great to get associated with leading financial institutions of the country, this itself is a proof of how well our professional services & proprietary bidding platforms have been accepted. We are happy as well as confident that this tie up will incur benefits for both of us”.
“With this association we are eyeing to get the maximum benefit through Shriram Automall’s expertise in the pre-owned automobile space. We are confident of generating good revenues from our inventory through their effective resale platforms” said Mr. K. Senthil Kumar (EVP & National Head – Commercial Vehicle Finance) Manappuram Finance Limited.
Manappuram Finance Limited will gain utmost benefit as the service provider will certify the market value of every vehicle and help completely in the decision-making process. Moreover, the 24*7 parking facility will ensure safety of vehicles and refurbishment will increase their market value.
About Manappuram Finance Limited
Manappuram’s origins go back to 1949 when it was founded in Valapad (a coastal village in the Thrissur District of Kerala) by the late V.C. Padmanabhan, father of Shri Nandakumar. Its activity was mainly pawn broking and money lending carried out on a modest scale. The principal asset of the company was the integrity and foresight of its Founder and among the people of the area it soon acquired a reputation as a safe-haven for their investments.
About Shriram Automall
SAMIL 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 56 Automalls and 150+ bidding locations. The company has been awarded ISO 9001:2008 certification for its Quality Management System and rated AA+ from CRISIL.
