The Shriram group has drawn up plans to foray into supply chain lending and trade financing in India. And it will also scale up its loans against property (LAP) under the combined entity named Shriram Finance. Revealing that there are some short-term lending opportunities on the radar, Umesh Rewankar, CEO of Shriram Transport, said one of them is that of discounting invoices on the technology platform as the Shriram group is already into SME financing through Shriram City Union. Though funding is for short durations in these areas, the margins are relatively better, Rewankar added.
