DEG And Citi Cofinance USD 76 Mn For Shriram Finance

10 Mar 2026 CW Team

The cofinancing package will be deployed across MSME working capital and investment loans and for vehicle financing linked to electric mobility. The arrangement is intended to enhance Shriram Finance's ability to onlend to enterprises and to authorised dealers and fleet operators investing in electric vehicles. Resources are expected to be channelled to support both cyclical cash needs and capital expenditure required for fleet electrification.

DEG and Citi structured the facility to mobilise additional private capital and to provide longer tenors suited to asset-backed lending. The cofinancing avoids speculative exposure and seeks to strengthen the lender's balance sheet while improving credit availability for underserved segments. Risk management measures and due diligence frameworks have been embedded to ensure credit quality and to align the facility with sustainable lending principles.

Shriram Finance is a non-banking financial company specialising in retail, small business and vehicle finance across urban and rural markets. The company will use proceeds to broaden product offerings, invest in digital origination channels and train credit teams to assess new electric vehicle business models. Its existing distribution network is expected to facilitate rapid uptake of tailored loan products among local dealers and small enterprises.

Market participants expect the transaction to catalyse further investments into the MSME and electric vehicle ecosystems and to support job creation and supply chain resilience. The partners said the move aligns with wider development objectives to boost sustainable growth and financial inclusion. Observers anticipate that similar structures may attract other lenders and help standardise financing approaches for the sector.

DEG (a German development finance institution) and Citi (Citigroup) have cofinanced USD 76 mn for Shriram Finance to expand lending to micro, small and medium enterprises (MSME) and to scale electric vehicle lending in India. The funding forms part of a targeted effort to increase credit access for small firms and to support the transition to cleaner transport. The transaction underlines a strategic focus on broadening affordable finance for enterprise operators and on promoting the commercial rollout of electric mobility. The cofinancing package will be deployed across MSME working capital and investment loans and for vehicle financing linked to electric mobility. The arrangement is intended to enhance Shriram Finance's ability to onlend to enterprises and to authorised dealers and fleet operators investing in electric vehicles. Resources are expected to be channelled to support both cyclical cash needs and capital expenditure required for fleet electrification. DEG and Citi structured the facility to mobilise additional private capital and to provide longer tenors suited to asset-backed lending. The cofinancing avoids speculative exposure and seeks to strengthen the lender's balance sheet while improving credit availability for underserved segments. Risk management measures and due diligence frameworks have been embedded to ensure credit quality and to align the facility with sustainable lending principles. Shriram Finance is a non-banking financial company specialising in retail, small business and vehicle finance across urban and rural markets. The company will use proceeds to broaden product offerings, invest in digital origination channels and train credit teams to assess new electric vehicle business models. Its existing distribution network is expected to facilitate rapid uptake of tailored loan products among local dealers and small enterprises. Market participants expect the transaction to catalyse further investments into the MSME and electric vehicle ecosystems and to support job creation and supply chain resilience. The partners said the move aligns with wider development objectives to boost sustainable growth and financial inclusion. Observers anticipate that similar structures may attract other lenders and help standardise financing approaches for the sector.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..