Sanlam Limited (Sanlam) is a financial services company. It operates in five business segments: Sanlam Personal Finance; Sanlam Emerging Markets; Sanlam Institutional Cluster; Santam and Corporate and other. The Sanlam Personal Finance cluster is responsible for Sanlam�s retail business in South Africa. It provides clients across all market segments a range of financial solutions. The Sanlam Emerging Markets cluster is responsible for Sanlam�s financial business services in emerging markets outside South Africa. Sanlam Institutional Cluster includes Sanlam Investments, Sanlam Employee Benefits, Capital Management and Sanlam UK. Santam provides short-term insurance products for a diversified market in South Africa and India, in collaboration with Sanlam Emerging Markets. In April 2013, Sanlam Emerging Markets Ppty Ltd, a unit of Sanlam Ltds Sanlam Life Insurance Ltd, raised its stake to 10% by acquiring a 3.7% stake in Shriram Transport Finance Company, Ltd.