Shriram News January 2012_sm.pmd

VOL. 25
JANUARY 2012
ISSUE 1
SHRIRAM CITY UNION FINANCE CELEBRATES FOURTH ANNUAL
CONFERENCE AT BANGKOK
The Fourth Annual Conference of Shriram City
Union Finance Ltd., was held on September 17, 2011
at Hotel Amari Atrium in Bangkok city, Thailand.
The conference was attended by around 250
delegates from Shriram City. Also invited, were the senior
management team members of Shriram Housing Finance
Limited, the housing finance arm of the Shriram Group
and a subsidiary of Shriram City.
The Conference began at 9.30 a.m. with the opening
address by Executive Director, Mr.Y.S Chakravarti
followed by an address by Mr. R Kannan, Managing
Director, who made a special mention of the sterling efforts
of Ms. Subhasri Sriram, Executive Director, in enabling
the Company to raise timely and economically
viable resources over the years. Mr. Kannan also
made a reference to the Company’s Rs.700 crore
Non-Convertible Debenture Issue which was an
outstanding success, being oversubscribed on the very
first day of opening. He went on to mention the very
encouraging growth in Gold and Small Enterprise Finance
offered by Shriram City and expressed his confidence
in the Company’s asset growth substantially in the
years to come.
Ms. Subhasri received a standing ovation from the
audience and in her address, gave full credit to the finance
team and the entire staff of Shriram City for having made
the NCD issue a grand success.
The occasion also offered an opportunity to
introduce Shriram Housing Finance Limited to the
delegates. Mr. Sujan Sinha, Managing Director and Chief
Executive Officer of the Company presented a profile of
the Company and its business plans.
An awards presentation ceremony followed in which
Shriram City’s Young Achievers collected their trophies
from the dignitaries present. Special awards were given
away to the officials of the back office operations like
finance, accounts and legal.
A young achiever being felicitated
A young achiever being felicitated
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Mr.R. Kannan, M.D., Shriram City Union Finance addressing
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EDITORIAL
Post lunch, the delegates dispersed for sight-seeing
and shopping. Bangkok, being a shopper’s paradise, the
delegates made the most of the opportunity.
Next day, the delegates were driven to the beautiful
beach resort of Pattaya, famous for its water sports. All
were treated to an Indian lunch, followed by more
sight seeing and shopping. The evening festivities included
a gala dinner at the hotel, where the younger SCUFians
entertained themselves.
The delegates were ferried back to Bangkok in
batches, with a stopover for a delicious Indian lunch.
Everyone not only thoroughly enjoyed the trip to
Bangkok, but returned fully charged and committed to
achieve even higher results during the year ahead.
SHRIRAM AUTOMALL INAUGURATES PANVEL AUTOMALL NEAR MUMBAI
Shriram Automall achieved another milestone by
inaugurating their Panvel Automall on 22nd October
2011 by Mr. P.M. Telang, Managing Director - India
Operations, Tata Motors India Limited.
Mr. R. Sridhar, Managing Director, STFC and
Mr. Umesh Revankar, Deputy Managing Director, STFC
graced the occasion. The Panvel Automall spreads across
4 acres of land which gives access to one of the country’s
large community of truck owners to trade their vehicles
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in a hassle-free manner. At the Automall, apart from
trading of trucks, the truck owners will also be able to
explore financing and insurance options as well as minor
repair facilities. Rest rooms for travel fatigued truck drivers
and cleaners are also provided as an add - on facility.
Shriram Automall also introduced ‘New Look
Services’ which refurbishes pre-owned commercial
vehicles and puts them on display for buying with inbuilt
financing options. At the Automall, the One Stop Shop
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Mr. P. M. Telang, M.D. India Operations Tata Motors lighting the lamp
Mr. R. Sridhar, M.D. STFC lighting the lamp
services which is a computerized touch screen kiosk - a
virtual truck bazaar providing real time information about
used commercial vehicles available for sale and which
simultaneously facilitates registration of individual
buyer’s requirements is available. The ‘One Stop’ Shop
also brings greater transparency to buying and selling
commercial vehicles.
The inauguration was followed by an auction in which
nearly 100+ vehicles got sold. The fleet included trucks,
trailers, tractors, cars and cranes.
The Automall is located on old Bombay-Pune
Highway, in village Nadhal, Khalapur, Raigad District,
Khopoli, Maharashtra. Shriram Automall is now poised
to introduce 50 such mini Automalls across the country.
Mr. P. M. Telang addressing
Mr. Sameer Malhotra, CEO - Shriram Automall addressing
SHRIRAM EPC VENTURES INTO NEW AREAS OF BUSINESS
Shriram EPC Limited has today emerged among
the top 30 infrastructure companies in India. After being
in business in the Process & Metallurgy industry and after
doing pioneering work in Water Treatment, Distribution
and Pipe Rehabilitation work, the Company has now
ventured into newer areas of business that broad bases
the EPC capability of Shriram EPC.
Shriram EPC has successfully secured a contract
for setting up a 50 MW Solar Thermal Power Plant in
Rajasthan for Abhijeet Infrastructure. This project is being
executed with a technical partnership with ENER-T
of Israel. The project is valued at Rs.640 crore.
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In addition to the entry into the Solar Power business,
Shriram EPC has also begun its operations in the
Mines & Minerals processing industry. It has bagged a
Rs. 206 crore contract from Hindustan Copper Limited
for work in the Surda Mines in Jharkand. The work
involves expansion of their copper mine including
ore handling
Orient Green Power Company Touches 300 MW
in Power Generation
With the commissioning in September of a 40.8 MW
wind farm in Kazhugumalai in Tamil Nadu, the Company
has touched a total power generation of 300 MW making
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it one of the largest independent renewable energy
producers in India. This includes 250 MW from wind
farms and 50 MW from its bio mass power plants across
the country.
The Company plans to add another 100 MW
through wind farms soon to be set up in Andhra Pradesh.
Shriram EPC wins Rs.260 crore NMDC order
Shriram EPC Limited has won a contract worth
Rs.260 crore to install a by product complex at a NMDC
plant in Chattisgarh. The total value of the order is
Rs.488 crore, which is shared among the consortium led
by Shriram in association with Hutni Projeckt of the Czech
Republic and BeekayEngineering.
The order entails design, engineering, supply of
plant & equipment,structural and civil works, erection,
testing and commissioning. The schedule for completion
of the project is about 30 months.
A view of the Solar Thermal Power Project
“Over the past several months, the Company has
shown strong momentum in its order book, particularly
in power and municipal services,” Mr. T.Shivaraman,
Managing Director & CEO of Shriram EPC Limited, said.
INVESTMENT : HOW PERFORMANCE IS GREATER THAN RETURNS
Story goes like this – if your child scores 65 per
cent in his/her annual class VIII examination ,would you
be satisfied ? An instant and loud answer would be NO !
However, if 65 per cent falls in 97 percentile, none of us
( barring toppers ) would complain.
Same logic applies to returns on your investments.
If asked whether you would be satisfied if tour Equity
Fund gives a return of 20 per cent for the calendar year,
majority of us would be elated and take it. On the contrary,
if you are told that Nifty 50 would give a return of 30 per
cent, many a face would drop !
Therefore, performance of any investment product
should not be judged on absolute returns but on relative
returns. Absolute returns are simply returns. They don’t
evaluate the performance. To evaluate performance, one
should select the benchmark and its relative performance
with the fund.
Benchmark, by definition is a performance standard
used to compare the returns on security, ULIP/ Mutual
Fund etc. It is critical and it is utmost important to choose
an appropriate benchmark with similar risk/reward
profile.
One cannot fault an apple for not being a good
orange. Likewise investments in Debt Fund cannot be
bench marked to Equity Index. The risk associated with
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different asset classes vary and so does the return. One
must be conscious of selecting a benchmark synonymous
to investment category and style.
For example, while deciding the equity strategy of
ULIP funds, it was said that it would be preferable to
invest in well diversified, blue chip heavy weights with
proven track record and sustained growth. So, Nifty 50
was chosen as the benchmark since it includes the top
50 listed companies in the country by market
capitalization and well diversified across various sectors.
All the ULIP Funds of Shriram Life Insurance
Co. Ltd. are allotted a benchmark for comparing
performance. While it is straight forward to allocate a
benchmark to pure Equity Fund ( Like Nifty 50, Sensex
etc.,) or Pure Debt Fund (10 year G-Security or Bank
Deposit Rate), a benchmark can be created for a hybrid
fund based on the (per centage) portfolio allocation of
the asset classes in the fund.
Whichever fund one invests in, it is reasonable to
compare the returns of fund with the corresponding
benchmark to see if the chosen fund has underperformed
or outperformed.
So, the question to be asked is not ‘what is the
return?’, but ‘what is the performance?’
SHRIRAM NEWS
Happy Investing !
4
ACHIEVERS FROM SHRIRAM FORTUNE SOLUTIONS LIMITED
Ms. Sunita Kumari, Branch Manager, Gurgaon
A routine working day for Sunita,
Branch Manager, Gurgaon, is full
of action. Getting management
information published, tracking
IDEAS reports and following up with
agents are just a few of a multitude
of tasks she executes with aplomb and
is always ready for more action!
Sunita’s achievements during her three year tenure at
Shriram Fortune Solutions are far from the routine or
ordinary. Starting her career at Shriram Transport Finance
Company Limited,in the operations department, in 2007,
she moved to sales with Shriram Fortune Solutions the
next year.
Hailing from a rural background was not a deterrent
in any manner for Sunita who raised many an eyebrow in
her native village, when she left home pursuing an MBA
degree. An operations job at Shriram Transport Finance
never challenged her enough, motivating her to take up
a more challenging and fulfilling job in sales at Shriram
Fortune Solutions.
Being a management executive at Shriram Fortune
was only a beginning for Sunita. Completing ‘fast track’
in the very first year was a stepping stone for her in
achieving what she always dreamt of. “ I committed myself
to complete all ‘fast tracks’ which came my way and did
it too”, boasts Sunita who has successfully completed two
fast track targets end to end, a rare feat indeed. She holds
the distinction of being the most successful of the four
women branch managers out of a total of 240 from all
over the country.
Sunita has many feathers in her cap! She won a trip
to Dubai for her achievements. Doing life insurance
business is a way of life for her and doing 8 to 9 lakh
premium in a year is ‘ordinary’ for her. “ I was looking for
an aggressive person with a positive attitude when
I interviewed her and she perhaps had everything right”,
says Mr. Pralayankar, her first boss. Mr. Ajay Bobal,
Regional Head, North-I too echoes the same view. “Sunita
has a focused approach and a positive attitude”
Mr. Ramesh Shankar Sarwate
Business Partner, Nagpur
‘A man of indomitable spirit’
perhaps best describes this 70 year
old who feels and functions like a
17 year old! Mr. R.K. Sarwate,
Business Partner, Nagpur has not
only defied many odds and challenges
in life but also his age. Age has never
been a problem for him who has
attained more energy, knowledge and maturity with the
passing years in his life.
Sheer determination and perseverance have made
him successful. He has been very consistent in his
performance and achievement. After acquiring a 5 Star
rating under Agent Club Membership in 2010, Mr. Sarwate
has now become a part of the prestigious MD’s Club.
He is determined to be one of the top eleven of the
MD’s Club.
An avid cricketer since his childhood, he has been a
successful Ranji player of his time and considers himself
to have been fortunate enough to have played cricket with
all time greats like Ian Botham, Dilip Vengsarkar and
Srikkant. Currently a full time member of Vidarbha
Cricket Association, Mr. Sarwate proudly shows off a
cricket bat signed by the former Australian captain Steve
Waugh, his prized possession.
Mr. Sarwate, is also fond of wild life and has visited
almost all National Parks of our country and has spent
quality time there. He has a good collection of photographs
of endangered species. It could be said that he is a perfect
combination of diligence, intelligence pace and passion!
Mr. Siddhartha Krishnamurti, Shriram Business
Associate, Tiruchirapalli (Trichy)
Mr. Siddhartha Krishnamurti, a
commerce graduate from Trichy in
Tamil Nadu has been serving the
Financial Services Industry as a
Postal Agent and Shriram Business
Associate since 1993. He has been
winning awards regularly for the past
six years by taking Shriram to over
1500 customers and offering them quality service.
He believes that Shriram has played a very vital role in
his personal, professional and financial development. He
proudly acknowledges that the two houses he has built is
to dedicate his association with the Shriram Group.
Mr. Krishnamurthy says that he was inspired by his
father, Mr. N.S. Krishnamurthy who retired as a Post Master
and has been an agent With Shriram since 1985, following
his retirement. His son Mr. Abhisekh says that he too
would like to follow his father and prefers to be a Business
Associate with Shriram. That is something to speak about
an association with Shriram over three generations.
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SHRIRAM PROPERTIES OFFER A GOOD INVESTMENT OPPORTUNITY
IN CHENNAI
Shriram Properties, which has been in the real estate
business for over 15 years, is a premier property
developer with a pan India presence. The Company has
so far completed 4.23 million square feet of residential
space and 1.03 million square feet of commercial space.
Currently, 67 million square feet of built-up area is under
various stages of development. Driven by a team of
committed and experienced professionals, Shriram
Properties is poised to become an admired and preferred
brand in the property development domain.
Absolute transparency, trust, credibility, quality and
professional ethics coupled with service excellence
distinguish Shriram Properties as a premier property
developer. Shriram Properties now offers a very good
investment opportunity in Chennai, through a residential
township - Shriram Shankari.
Shriram Shankari is a residential township coming
up in Perumatunallur, situated near Guduvancheri near
Chennai. Constructed on 36.1 acres of lush green
area with 1716 units, the one, two and three bedroom
apartments offer a combination of cosmopolitan and
contemporary lifestyles.
Shriram Shankari, in close proximity to the GST
Road ( NH 45 ) and Chennai International Airport,
Siruseri IT Park, hospitals, malls, banks, educational
institutions, industrial hub and rail connectivity is a
promising real estate location. The apartments vary from
703 square feet to 1634 square feet and offer facilities
such as sports grounds, swimming pools, jogging tracks
and other elements that contribute to a luxurious and
holistic lifestyle at a cost of Rs. 2350 per square foot.
By employing rain water harvesting and solar lighting
system for street lights, this apartment project in Chennai
has taken a step forward in contributing towards
conserving the environment.
SHRIRAM HOUSING FINANCE DISBURSES ITS FIRST LOAN
Shriram Housing Finance Limited disbursed its first
loan to Mr. G Surya Rao, following a proposal sourced
through the Karimnagar unit in Andhra Pradesh on 23rd
November 2011. The formal sanction letter signed by
Mr. Y.S. Chakravarti, Executive Director, Shriram City
Union Finance Ltd., was received by Mr. Rao and his
family members at the Shriram Chits office in Himayat
Nagar, Hyderabad.
Mr. Sujan Sinha, M.D., & CEO, Shriram Housing Finance Ltd., handing over the
loan sanction letter to Mr. G. Surya Rao. Also seen in the picture Mr Y.S. Chakravar ti, ED,
Shriram City and Ms. Valli Sekar, VP (Business Development), Shriram Housing Finance Ltd.
SHRIRAM LIFE KEEPS PACE AT HYDERABAD MARATHON
The first Hyderabad Marathon was held at
Hyderabad, Andhra Pradesh on the morning of 28th
August 2011 with approximately 1300 runners
participating in the event.
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Shriram Life Insurance Company Limited was an
active participant in the marathon. Mr. Karra Nagesh,
Chief Technology Officer, Mr. K.R.C. Sekhar,
Executive Director, Mr. J. Bhaskar, Chief Executive,
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Mr. G. Narasimha, Deputy General Manager,
Mr. Cassie Kromhout and Mr. Nelius Bezuidenhout
from Sanlam of South Africa participated in the
42 km relay marathon. They were joined by staff
members of Shriram Life, Shriram Chits and Shriram
City Union Finance. All the four teams from Shriram
completed the relay marathon for which each team
received a finisher’s medal.
Mr.B.R.Hariharan, Chief Investment Officer,
Shriram Life, participated in the half-marathon and
finished third in the category for senior veterans (above
55 years of age). He was awarded a memento by
Sri. E.S.L. Narasimhan, Hon’ble Governor of Andhra
Pradesh. This was Mr. Hariharan’s 27th marathon and
18th half-marathon. The last full marathon in which he
participated was in San Francisco, USA, in July 2011.
Par ticipants at the Hyderabad Marathon
Recognized as a loyal supporter of marathon events,
Mr. R. Duruvasan, Managing Director of Shriram Life
also received a memento from the governor.
SHRIRAM LIFE SIGNS A MOU WITH TNSC BANK
Shriram Life Insurance Company Limited (SLIC)
and TNSC Apex Bank Limited signed a Memorandum
of Understanding for a Corporate Agency Arrangement.
with this relationship SLIC will be able to reach 7,00,000
customer base of TNSC Bank in Chennai and adjacent
urban areas.
The MOU was signed by Mr. G. Ravikumar, General
Manager, TNSC Bank Ltd., and Mr. S. K. Choudhury,
E.D. SLIC, in the presence of Mr. G. S. Sundara Rajan,
MD, Shriram Capital Ltd, Mr. M.P.Sivan Arul, Special
Officer, TNSC Bank Ltd.,and Mr. T. Baskaran,
Designated CIE,TNSC Bank Ltd.
Mr A. Sudarshan, AGM, SLIC and Mr. Vijesh,
Manager, SLIC and other senior officials from both the
organizations were present at the event.
MOU being exchanged in the presence of dignitaries.
A REQUEST
Dear Friend,
You must be receiving Shriram News regularly and
enjoy reading its contents as well.
However, it is likely that some among you may be
receiving multiple copies of this newsletter, caused by
differences in name spellings and address details for each
investment made by the same customer/investor. Our best
efforts to reconcile these differences cannot be successful
without your valuable co-operation.
If you or your family members are receiving more
than one copy of Shriram News, kindly contact us with
JANUARY 2012
your full name,address and investment details at the
following address:The Manager,
Shriram Group Companies,
No. 8, Third Cross Street,
CIT Colony, Mylapore, Chennai - 600 004
You can also email us at [email protected]
A prompt reply from you in this regard would be of
great help to us in updating our reader database and
prevent wasteful duplication of valuable resources.
SHRIRAM NEWS
7
SHRIRAM LIFE NEWS IN PICTURES
SHRIRAM EXPORTS RECEIVES EXPORT AWARD
FOR THE THIRD YEAR IN SUCCESSION
Chief Operating Officer, Mr.Cassie Kromhout felicitating the best per forming branch
in renewals, on his visit to Vijayawada
Mr.G.Sundaresan, Director receives the award from Mr.Jyotiraditya Scindia,
Hon'ble Minister of State for Commerce & Industry, Govt.of India at a function held in Mumbai.
Mr.Cassie on his visit to one of the best renewal performing Branches In Tamilnadu, Trichy II.
wish you
a very happy
and prosperous
new year
Participants at the Agents’ meeting of AP Tied Agents channel in Hyderabad
engaged in an exercise
Editor :
Akhila Srinivasan
BOOK POST
Published by :
Shriram Ownership Trust
Mookambika Complex, II Floor, 4, Lady Desika Road,
Mylapore, Chennai - 600 004. India.
Printed at : Sai Shriram Printers, Chennai - 600 097.
JANUARY 2012
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