Shriram Finance Executive Vice Chairman Umesh Revankar has said Shriram Unnati Fixed Deposits have secured AAA ratings from all leading credit rating agencies, positioning the programme among the safest fixed deposit offerings in the country.
The ratings upgrade comes even as the company effected a marginal reduction in interest rates on Shriram Unnati Deposits from May 6, 2026. Revankar, however, stressed that the bigger development was the formal validation of the institution’s financial strength, resilience and credibility, he noted in his X-post.
MUFG investment seen as key endorsement
According to Revankar, the upgrade is closely linked to the investment by MUFG in Shriram Finance, which he described as a strong endorsement of the NBFC’s governance standards, business model and long-term vision.
He noted that the milestone was not achieved overnight, but was the result of decades of discipline, consistency and conviction, despite operating with relatively higher borrowing costs for years.
Five decades of serving underserved borrowers
Revankar said public deposits have remained the cornerstone of Shriram Finance’s business for nearly five decades, helping the company finance small truck operators, self-employed individuals and customers without formal credit histories or collateral.
Through multiple economic cycles and disruptions, the company continued focusing on underserved segments that often remained outside the reach of traditional banking channels.
He credited the company’s field teams and its long-standing belief in the resilience of small entrepreneurs for helping build the franchise to its current scale.
Lower cost of funds to benefit customers
Revankar described the AAA ratings as more than symbolic recognition, saying the development marks a structural shift in the company’s ability to expand at scale.
According to him, stronger ratings and improved access to capital could help reduce borrowing costs for customers, especially truck operators and self-employed entrepreneurs looking to expand their businesses.
With stronger balance sheet credentials and deeper investor confidence, Shriram Finance now appears poised to accelerate growth while continuing to stay focused on grassroots lending.