"We are targeting an AUM growth of 12 per cent this year in a normal economic environment. We expect a good pick-up in commercial vehicle segment," managing director and CEO Umesh Revankar said.
He made it conditional to the government starting to spend on infrastructure.
As of March-end, the company's total AUM stood at Rs 59,108 crore against Rs 53,116 crore last year.
In the March quarter, its stand-alone profit after tax rose marginally by 7.38 per cent to Rs 316.73 crore against Rs 294.96 crore in the previous year.
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"There were Rs 230 crore losses in our equipment finance business in the year," he said.
The company also has plans to raise Rs 500 crore through non-convertible debentures in the second quarter, he said.
It has a separate subsidiary -- Shriram Equipment Finance (SEFC) -- to fund capital requirements of large and medium contractors engaged in building of roads, bridges, dams and other infrastructure projects.
Its gross NPAs stood at 3.79 per cent and expects the number to remain the same for the first and second quarters of 2015-16.