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SHRIRAM AUTOMALL INDIA LIMITED RESULTS FY2021-22

SAMIL sets a New Milestone with Annual Business Transactions Crossing INR 5,800 Crores in Financial Year 2021-22

Topics: NBFCs | vehicles | auction
April 25, 2022
Press Release

Over 2.35+ lakh pre-owned vehicles and equipment were transacted in the year through Physical, Phygital and Online auctions

Key Highlights:

  • INR 5,800+ Crores worth of transactions recorded
  • 10.9+ lakh inventories tagged for auctions
  • 2.35+ lakh inventory sold
  • 1.9+ lakh customers registered with 63,000+ new customers added
  • 7,900+ Physical auctions organised
  • 38,000+ Online auctions organised
  • 6,35,000+ Inspections & Valuations performed by Adroit Auto\

New Delhi/Chennai, 25th April 2022: Shriram Automall India Limited (SAMIL), India’s leading marketplace of pre-owned vehicles and equipment achieved a new benchmark with net business transactions reaching INR 5,800 Crores in the financial year 2021-22 that ended on March 31st, 2022. This was well over and above the projected target of INR 5,000 Crores for the year & INR 3,000 Crores was achieved last financial year.

The company achieved this milestone due to strong months of November and December 2021 with a Gross Auction proceeds (GAP) recorded at INR 1000+ Crore and INR 1200+ Crore respectively. Further, the grand success of SAMIL Utsav 2022 delivered fantabulous results of INR 215+ Crores of GAP in a single day; over 7,900 vehicles were sold from 14,500+ listed vehicles and equipment. SAMIL Utsav was a grand success as 30,000+ customers attended 100+ auctions at 100+ locations in a single day.

The final month of FY22 turned out to be the greatest March of all times with the business transactions crossing over INR 600 Crores. To add to the fiery run of SAMIL, Diwali Utsav in the fall of October 2021 and Kisan Mahotsav in December 2021, both garnered INR 100+ Crore GAP in single-day India-wide auctions.

On the company’s stellar performance, Mr Sameer Malhotra, Director and CEO, SAMIL said, “SAMIL is undoubtedly leading the pack through innovation & transformation in the pre-owned vehicle & equipment exchange industry. We are determined to sustain this momentum in the future as well. The numbers we have achieved were made possible due to the robust growth in the pre-owned vehicle market in India, across all segments, with ever increasing demand and price realisation. Every Samilian had worked tirelessly to contribute to this remarkable achievement that we feel so proud of.”

BUSINESS HIGHLIGHTS

  • 41,065 commercial vehicles sold out of 2,12,925 tagged
  • 6,997 construction equipment sold out of 28,536 tagged
  • 9,871 farm equipment sold out of 72,843 tagged
  • 46,573 cars sold out of 2,95,320 tagged
  • 6,739 three-wheelers sold out of 41,116 tagged
  • 96,281 two-wheelers sold out of 3,92,285 tagged

Speaking about the numbers, over 10.9+ lakh vehicles & equipment were tagged in the financial year 2021-22 and 2.35+ lakh vehicles & equipment were sold. On an average over 91,000 vehicles were tagged and 19,500+ vehicles and equipment were sold per month throughout the financial year

Speaking about the numbers, over 10.9+ lakh vehicles & equipment were tagged in the financial year 2021-22 and 2.35+ lakh vehicles & equipment were sold. On an average over 91,000 vehicles were tagged and 19,500+ vehicles and equipment were sold per month throughout the financial year.

All the registered customers comprised of buyers and sellers from a wide-spectrum of industries including banks, non-banking financial companies, insurance companies, original equipment manufacturers and their dealerships, vehicle aggregators, rental and leasing companies, transporters, contractors, dealers and even individuals. The company proved its strategic expansion plans to be of great success as about 80% of the business generated from non-metro cities.

AWARDS AND ACCOLADES

  • SAMIL is Great Place to Work® - Second time in a row
  • SAMIL gets Most Trusted Marketplace for Pre-owned Vehicles & Equipment by Business Tycoon Awards 2022
  • Adroit Auto gets Best Innovation Award for Adroit 2.0 by 9th WAF Awards 2022
  • CarTradeExchange gets Best Online Marketplace by International Service Pride Awards 2022

ABOUT SHRIRAM AUTOMALL INDIA LIMITED (SAMIL):

Shriram Automall India Limited (SAMIL), an ISO 9001:2015 certified company, is India’s leading Marketplace connecting pre-owned vehicles and equipment buyers and sellers. SAMIL began its journey in 2011 by setting up India's first professionally managed and organized Auction Platform for buying and selling pre-owned cars, commercial vehicles, construction equipment, farm equipment, three-wheelers, two-wheelers, etc.

Backed by CarTrade Tech Limited and Shriram Transport Finance Company Limited, SAMIL has over 1,500 employees and more than 100 Automalls across India. SAMIL conducts thousands of auction events every month through its online platforms cartradeexchange.com and bids.samil.in and its Phygital platform (Automall). SAMIL also provides vehicle inspection and valuation services through Adroit Auto, innovative car buying and selling experience through BlueJack, and industrial auction of properties, plant and machinery, commodities, and scrap, salvage and surplus assets through 123done.in.

For more information, please contact:

Mrs Vibha Sarin Prabhakar
Chief Experience Office – Marketing, Customer Experience and Physical Demand
Shriram Automall India Limited (SAMIL), Delhi | India
7th Floor, Best Business Park, Netaji Subhash Place,
Pitampura, Delhi – 110034
Tel: +91.11.42414422,
Mob: +91.9811234243,
Fax: +91.11.42414444
E-Mail: vibha@samil.in
Website: www.samil.in