Shriram Group was founded in 1974 when R. Thyagarajan started a chit fund business to help his friend A.V.S Raja leave his job with the railways. In 1979, Shriram Transport Finance Ltd was started to help musician L. Jayaraman. The three founders - Thyagarajan, Raja, and Jayaraman - are considered the "Three Musketeers" who ventured into these businesses. The group's vision is to support people who are entrepreneurial and help them start their own businesses. They follow a unique management philosophy of empowering employees and decentralizing decision making. The group is not involved in any businesses directly but supports entrepreneurs through companies
2. Name
• 1974 – Chit fund business
• Applied for the name Lakshmi
• Unavailable
• Authorities offered Shriram
3. Reasons behind Startup
• R. Thyagarajan set up business
• Reason to help his friend
• A.V.S Raja wanted to leave railways
• Led to start of chit fund
4. Reasons behind Startup
• 1979 : Shriram Transport Finance ltd.
• To help L. Jayaraman(musician)
• Contribution by him and his friend
5. Founders
• Mr. R. Thyagarajan
• Mr. A.V.S Raja
• Mr. L Jayaraman
Three Musketeers who ventured into
these businesses
10. Facts about the group
• “People First” is their mantra
• Unique Management Philosophy:
i. Total empowerment of employees
ii. Decentralized decision-making process
iii. Freedom of action
iv. Views employees as potential partners
11. Facts about the group
• Not into any business on its own
• Support people who are entrepreneurial
• Not much expenditure on uniforms
• Staff are taught to keep eye on cost
26. Future Scenerio
• Strengthen not merely the financial
services business, but also sacrifice
some of its wealth to support non-
financial business particularly in
manufacturing and innovation.
• Allocate 25 per cent of group’s wealth in
building new businesses
