Shriram Automall Platforms transacted Business worth over Rs. 3000 crore in FY 2017-18

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By Vivek K.

Shriram Automall India Limited (SAMIL), India’s Largest Physical & Online Bidding Platform for transactions of pre-owned vehicles & equipment grew by 30% in FY 2017-18. SAMIL achieved this milestone by transacting over 1,20,000 pre-owned vehicles & equipment worth Rs. 2300 Cr. through its physical platforms, acquiring 100000+ unique bidders while assisting already existing 6,50,000+ bidders through its 75 well structured Automall facilities across India. After the partnership with CarTrade Exchange & Adroit, in the month of March 2018 the company transacted Rs. 354 Cr. worth of business through its physical & online platforms & grew 71% when compared to Feb 2018.

In FY 2017-18 CarTrade Exchange transacted 55,000+ pre-owned cars through its online bidding platform registering sales of over Rs.732+ Cr. Adroit which services sectors like public & private insurance companies, Banks & NBFCs conducted over 7,00,000+ Inspections and Valuations across the country in FY 2017-18.

Commenting on the achievement, Mr. Sameer Malhotra, Founder & CEO, Shriram Automall India Limited (SAMIL) said: ‘Shriram Automall has achieved record business in FY2017-18. Also CarTrade Exchange and Adroit posted very good growth and revenue which is clear sign of what future of pre-owned automotive market will be like. In FY 2018-19 we aim to double the transaction numbers and aim for 100% growth in our top line thereby achieving the business worth Rs.5,000 Cr. in the current fiscal.’

SHRIRAM AUTOMALL KEY ACHIEVEMENTS FY 2017-18

30% Business Growth

Transaction over Rs. 3000 Cr.

Acquired 1,00,000 new bidders

Inaugurated 7 new Automalls

Won 5 nationally recognized awards

Partnered with MXC solutions

Conducted 10,500+ Physical & Online Bidding Events

1,75,000+ used vehicles & equipment transacted

Highest single day business transaction of Rs. 65 Cr.

 

KEY HIGHLIGHTS OF 7 YEARS from FY 2011 – FY 2018

75 Automalls across India

Over Rs. 10,000 Crs of Business Transacted on SAMIL Platform

7,50,000+ Unique Bidders

7,00,000+ Transactions

20 Nationally Recognized Awards

50,000+ Bidding Events

700+ Employees

 

As a part of our vision & mission, Shriram Automall aims to become the OneStop Solution for every used vehicles and equipment demand in the country helping manufacturers, banks & NBFCs, leasing & insurance companies, individuals, transporters & others to acquire and dispose pre-owned vehicles & equipment in a structured process. Its time trusted bidding platforms, including Physical Bidding, Online Bidding, Private Treaty, MySAMIL Mobile App and OneStop Classified, will define high standards of comfort for its customers.

 

Going forward in FY2018-19 Shriram Automall aims to achieve 100% growth in its business. On the combined entity it aims to conduct transactions worth Rs. 5000 Cr., occupying a market share of over 50% in organized pre-owned automobile market. As a part of its expansion plan the company aims to inaugurate 10 new Automalls this year taking its reach to 85 locations across India.

About Shriram Automall India Limited

Shriram Automall India Limited (SAMIL), an ISO 9001:2015 certified company and is India’s first-ever service provider to offer a well-organized and transparent platform for the exchange of pre-owned commercial vehicles, passenger vehicles, construction & industrial equipment, tractors & agricultural equipment, three wheelers and two wheelers. SAMIL is a part of Shriram Transport Finance Company Ltd. (stfc.in), India’s largest SBFC and MXC Solutions India Pvt. Ltd which runs both CarTrade.com and CarWale.com, India’s leading online auto marketplace. Every month, SAMIL conducts over 1000 events through its well-structured physical and online bidding platforms, making it India’s Largest Offline and Online Used Vehicles & Equipment Transaction Platform. The company provides online used vehicle transaction services through CarTradeExchange.com and vehicles inspection & valuation facility through its 100% subsidiary Adroit Inspection Services Pvt. Ltd. SAMIL has been confronted with over 20 nationally recognized awards in a brief span of seven years. SAMIL has acquired over 7,50,000+ unique bidders by conducting over 50,000+ bidding events at 150+ bidding locations.

For more information, please contact:

Jyoti Jain (National Head – Marketing)

SHRIRAM AUTOMALL INDIA LIMITED

2nd Floor, Best Sky Tower, Netaji Subhash Place, Pitampura, Delhi-110034

Tel: 011-41414444, Fax: 011-42414444 | E-Mail: contact@samil.in | Website: www.samil.in

Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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