Had found an article on google search
https://www.valueresearchonline.com/stories/23232/shriram-amc-gears-up-for-a-second-innings
This time they are taking steps in right direction:
- Meeting distributors (Earlier major distributor was Shriram Insight Share Brokers Ltd which contributed 83crs of AUM for March23 (Around 30% of total AUM). (Source – Distributors data which they publish)
- Imp management level changes as mentioned abov.
- Hiring employees as mentioned above.
- Sharing office space with Shriram Finance’s branches. Also taken a office space in Mumbai for a capacity of 200 ppl (MD mentioned in the 1st video link i provided).
- New website launced in Nov/Dec23.
- Alteration in MOA for venturing into different biz as per SEBI act. (could be just a resolution)
- Parent’s focus is seen from the interviews (since its now their step down subsidiary).
- New fund offering.
Scaling up will take a lot of time. Its a highly competetive industry with squeezing margins.
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