Shriram Transport Finance Company Limited is India's largest player in commercial vehicle finance that was established in the

year 1979.The company has a network of 488 branches and service centers.We are one of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs). We are a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology. Our Company was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India under Section 45IA of the Reserve Bank of India Act, 1934.

STFC decided to finance the much neglected Small Truck Owner. Shriram understood the power of 'Aspiration' much before marketing based on 'Aspiration' became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But we found a mismatch between the Aspiration and Ability. The Truck Operator was honest but the Equity at his command was not sufficient to support the credit levels required to buy a new truck.

We did not have the heart to send the Truck Operator back empty handed; we decided to fund Pre-owned Trucks. This was the most momentous decision that we made. What followed was Sheer magic. From Driver to Owner, even if only of a Pre-owned Truck and from Pre-owned Truck to the New Truck, we have been with him in his journey of Prosperity as he has been our partner in our road to success and leadership. For us at Shriram, credit-worthiness of the Small Truck Owner has always been an article of faith. This faith has guided our journey from our pioneering days in financing Small Truck Owners to the present day leadership. Today we are not only the leader in Truck Finance; we are also India's largest Asset Based Non-Banking Finance Company.

The inability of the economists to capture data relating to the economic activity of the informal sector has resulted in its neglect at the policy-making levels in the government. The distribution of Truck Ownership being scattered among a large number of individuals has resulted in this very important group being missed by the institutional radar. It is estimated that 80% of trucks in the country are in the hands of individuals.

O in FY 2010 at a CAGR of 49.17% and 57.57%, respectively. Our journey has seen us making several innovations while we stood at the very edge of Organized Finance. The Banks and Institutions were guided by the Economists' vision; the Small Truck Owner who always fell on their blind side was given the miss. With a track record of about 30 years in this business, we are among the leading organized finance provider for the commercial vehicle industry with a focus to provide various credit facilities to STOs. We have also added passenger commercial vehicles, multi-utility vehicles, three wheelers, tractors and construction equipment to our portfolio, making us a diversified, end to end provider of finance solutions to the domestic road logistics industry. Besides financing commercial vehicles (both new and pre-owned) we also extend finance for tyres, engine replacement and working capital. We also provide ancillary services such as freight bill discounting besides offering co-branded credit cards. Our pan-India presence through our widespread network of branches has helped in our overall growth over the years. As on March 31, 2011 we had 488 branches and tie up over 500 private financiers across the country. As on March 31, 2011 our total employee strength was 16919, including more than 9,830 product executives and credit executives who are colloquially referred to as our field force. We have demonstrated consistent growth in our business and profitability. Our assets under management have grown by a compounded annual growth rate (CAGR) of 40.68% from Rs. 7,436.51 crores in FY 2006 to Rs. 36,086 crores in FY 2011. Our total income and profit after tax increased from Rs. 908.67 crores and Rs. 141.64 crores in FY 2006 to Rs. 4,499.64 crores and Rs. 873.12 crores in FY 2010 at a CAGR of 49.17% and 57.57%, respectively.

STFC was set up with the objective of offering the common man a host of products and services that would be helpful to him on his path to prosperity. Over the decades, the company has achieved significant success in reaching this objective, and has created a tremendous sense of loyalty amongst its customers.

Operational efficiency, integrity and a strong focus on catering to the needs of the common man by offering him high quality and cost-effective products & services are the values driving STFC. These core values are deep-rooted within the organisation and have been strongly adhered to over the decades. STFC prides itself on a perfect understanding of the customer. Each product or service is tailor-made to perfectly suit customer needs. It is this guiding philosophy of putting people first that has brought the company closer to the grassroots, and made it the preferred choice for all the truck financing requirements amongst customers.

STFC helps meet a customers needs in the transportation life cycle from end-toend from end-to-end.

Our products (pre-owned and new) for Small truck Owners (STOs) and First time user (FTUs) includes: MAIN PRODUCTS:

Commercial Vehicle Finance Passenger Commercial Vehicle Finance Multi Utility Vehicle Finance Three wheeler Finance Tractor Finance Construction Equipment Finance

OTHER PRODUCTS:

Tyre Loan Engine Replacement Loan Working Capital Loan Co-Branded Credit Card Freight bill discounting

BOARD OF DIRECTORS Arun Duggal (Chairman) Hide

Mr. Arun Duggal is the non-executive Chairman of our Board.

Mr. Duggal holds a Bachelors degree in Mechanical Engineering from the Indian Institute of Technology, Delhi and a Masters degree in Business Administration from the Indian Institute of Management, Ahmedabad. Mr. Duggal is an experienced international banker and has an experience of approximately 33 years in the banking and finance industry. He has advised companies on financial strategy, mergers and acquisitions and on various means of capital raising He is on the Board of Directors of Jubiliant Energy. Netherlands (Chairman of Audit Committee), Patni Computers (Chairman of Audit Committee), Fidelity Fund Management, Ecron Acunova, Zuari Industries, Info Edge (Chairman of Audit Committee), Dish TV, Mundra Port, Motrice Limited (Singapore) (Chairman of Audit Committee), Shriram City Union Finance Limited, Shriram Capital Limited and others. He is also a member of the Investment Committee of Axis Private Equity. He had a distinguished career with Bank of America for 26 years in the US, Hong Kong, Japan, Philippines, etc. He was the Chief Executive of Bank of America in India from 1998 to 2001.Currently, He is a visiting faculty at the Indian Institute of Management, Ahmedabad and teaching Venture Capital.

R.Sridhar (Managing Director) View

Mr. R. Sridhar is a fellow member of the Institute of Chartered Accountants of India. He joined Shriram in 1985 and was later promoted as President of the company in 1994. He was co-opted as an Additional Director and appointed as the Managing Director of the company in September 2000 and was re-appointed as the Managing Director in 2005 and 2010. Mr. Sridhar has over two decades of experience in the financial service sector, especially in commercial vehicle financing. He holds the directorships of Shriram Holdings (Madras) Private Limited and Shriram Chits (Maharashtra) Ltd. He is the General Secretary of the Western India Hire Purchase Association and Vice President of Federation of Indian Hire Purchase Association. He is the Chairman of Finance Industry Development Council (FIDC), a self-regulatory organization for NBFC-AFCs. He is a member of Corporate Bonds & Securitization Advisory Committee of SEBI and a member of Advisory Group on NBFCs constituted by Ministry of Finance, Govt. of India. He is the recipient of Ernst & Youngs entrepreneur of the year Manager Award 2011 and Business Achiever Award from Institute of Chartered Accountants of India (ICAI) for the year 2010-2011.

Mr.Sridhar participates in social activities and is a member of Managing Committee, Shri Shanmukhananda Fine Arts & Sangeetha Sabha, Mumbai and Joint Secretary, Sri Krishna Gana Sabha, Chennai. Adit Jain View

Mr. Adit Jain is the Chairman of IMA India. Previously, Mr. Jain worked with Lazard India, an investment bank as Vice President and Head of Mergers & Acquisitions. He has advised several multinational corporations towards the development of their India strategy and has deposed as an expert witness at commercial litigations in the United States and in Parliamentary proceedings in India and Australia. He provides briefings to boards of major international corporations and is a frequent speaker at emerging market seminars. Mr. Jain has over the years authored over five hundred articles and papers in the domain of politics, international affairs, foreign policy, the environment and business practices and is a leading commentator on the economic role of governments. He is the Editor of IMAs Quarterly India Update, CFO Connect magazine and the firms principal economic commentator. Mr. Adit Jain chairs IMA Indias CEO Forum which has over 750 corporations on a retainer relationship and Chairman of IMAs service for senior finance professionals the CFO Forum which has over 650 member firms. He is a non-executive director is a non-executive Director on the Corporate Board of the Sanmar Group; Shriram Transport Finance Company Limited; Mahanagar Telephone Nigam Ltd; Engineers India Ltd, Indosolar Limited, PR Pundit Public Relations Limited and BMR Associates. He is a member of the Board of Trustees of the Centre for Civil Society and the Adit Jain Foundation. Previously, he worked in the United Kingdom with Wild Barnsley Engineering and Stag Holdings Plc. Mr. Jain has a bachelors degree in mechanical engineering from the Birla Institute of Technology, India and a masters degree in business administration from the Henley Management College, UK. S.Venkatakrishnan View

Mr. S. Venkatakrishnan &is a non-executive Director on our Board. Mr. Venkatakrishnan is a post graduate in Mathematics from Madras University. Mr. Venkatakrishnan is a member of the Indian Audit and Accounts Service, Government of India, where he has held senior positions in the Finance, Audit & Accounts department of the Government and other Public Undertakings. He also functioned as BIFR Director in several companies for a period of five years. He has been an advisor to our Company for over ten years. Maya Shanker Verma View

Mr. Maya Shanker Verma,Verma is a non-executive Director on our Board. A career banker, with over fifty years of experience in banking and finance, Mr. Verma retired as the Chairman of Indias largest commercial bank, State Bank of India in 1998 and has since then served as advisor to the RBI, non-executive Chairman, IDBI Bank and Chairman of the Countrys Telecommunication Regulatory Body, the Telecom Regulatory Authority of India (TRAI). Currently, he is on the Board of Directors of several public and private limited companies and is a member of governing Board/Council/Committees of educational and research institutions of national and international importance like the National Council of Applied Economic Research (NCAER) and Jawaharlal Nehru University (JNU). Mukund Manohar Chitale View

Mr. M. M. Chitale is a non-executive Director on our Board. Mr. Chitale holds a bachelors degree in Commerce and is a qualified chartered accountant and a fellow member of the Institute of Chartered Accountants of India. Mr. Chitale has over 35 years of experience as a practicing chartered accountant. He was the president of the Institute of Chartered Accountants of India during 1997-98 and a member of International Auditing Practices Committee of the International Federation of Accountants from January 1998 to June 2000. He was nominated by SEBI as a public representative director on the BSE from October 1998 to July 2000. Currently, Mr. Chitale is a partner in Mukund M. Chitale & Co. Puneet Bhatia View

Mr. Puneet Bhatia is Managing Director and Country Head - India for TPG Asia.Prior to joining TPG Asia in April 2002, Mr. Bhatia was Chief Executive, Private Equity Group for GE Capital India (GE Capital), where he was responsible for conceptualizing and creating its direct and strategic private equity investment group. As Chief Executive, he handled a portfolio of almost a dozen companies including TCS, Patni Computers, BirlaSoft, Sierra Atlantic, iGate, Indus Software and Rediff. He was also responsible for consummating some of GE Capitals joint ventures in India. Prior to this, Mr. Bhatia was with ICICI Bank Limited from 1990 to 1995 in the Project and Corporate Finance group and thereafter worked as Senior Analyst with Crosby Securities from 1995 to 1996 covering the automobiles and consumer sectors. Mr. Bhatia is a native of and is based in India and currently serves as Director on the Board of Shriram Transport Finance. Mr. Bhatia has a B.Com Honors degree from the Shriram College of Commerce, Delhi and an M.B.A. from the Indian Institute of Management, Calcutta. Ranvir Dewan View

Mr. Ranvir Dewan is a Non-Executive Director on our Board. Mr. Dewan holds a B.Com (Hons) degree from Shriram College of Commerce, Delhi University, India. He is a fellow member of the Institute of Chartered Accountants in England & Wales (FCA) and a member of the Canadian Institute of Chartered Accountants (CA). Mr. Dewan represents Newbridge India Investments II Limited on our Board. He has over 30 years of experience in the finance and investment sector. Mr. Dewan joined TPG-Newbridge Capital in July 2006 and is currently the Head of Financial Institutions Group Operations. Previously, he was Executive Vice President and Chief Financial Officer of Standard Chartered First Bank in Seoul, Korea. He has also spent over thirteen years at Citibank in various senior positions in its international businesses. In his previous assignment, he was Vice President and Regional Financial Controller of Citibanks Global Consumer Bank with responsibilities covering 11 countries in the Asia Pacific region. He has also held senior positions with KPMG in Canada and England where he specialized in the audits of financial institutions. Mr. Dewan serves on the Boards of Shriram City Union Finance Limited in Chennai, India and PT Bank Tabunean Pensiunan Nasional Tbp (BTPN) in Jakarta, Indonesia and is a

member of the Audit and Risk Committees of Bank BTPN. Mr. Dewan is an advisor of Taishin Financial Holdings. Sumatiprasad M. Bafna View

Mr. S. M. Bafna is a non-executive Director on our Board. Mr. Bafna is a science graduate from Bombay and began his career in the year 1984. Mr. Bafna has over 25 years of experience in the automobile industry. He thereafter started independent dealership of Tata Motors at Ratnagiri, Maharashtra in the year 1995 and Mumbai dealership in the year 2001. His company has been one of the leading dealers for Tata Motors Limited. He also holds dealerships of vehicles manufactured by Honda, Hyundai and Maruti Udyog Limited. S.Lakshminarayanan View

Mr. S. Lakshminarayanan is a non-executive Director on our Board. He holds masters degree in Science in Chemistry and post graduate diploma from University of Manchester (U.K.) in Advanced Social & Economic Studies. Mr. Lakshminarayanan is a member of the Indian Administrative Service (IAS-retired) and as such held several senior positions in the Ministry of Home Affairs, Ministry of Communications and Information Technology, Ministry of Information and Broadcasting of the Government of India and in the Department of Tourism, Culture and Public Relations, Department of Mines, Mineral Resources, Revenue and Relief and Rehabilitation of the Government of Madhya Pradesh. He has served as the Managing Director of the State Apex Cooperative Bank and Cooperative Oilseed Growers Federation Limited and has served as Director on the Board of Directors of several Public Sector Undertakings in the State of Madhya Pradesh. Currently, he is on the Board of Sun Group Enterprises Private Limited, Shriram Automall India Limited, Shriram Life Insurance Company Limited, and others.

BUSINESS OVERVIEW

Area of operation - all india Branch Offices - 488 Employees - 16919 Customers - 1.5million Agency Force - 15000 plus Resident Representives - 1300 Assets under Management (as at 31st March 11) - Rs. 36086 crores ($8.02 billion) Net worth (as at 31st March 10) Rs. 4161 crores ($924 million)