Sundaram Finance

Sundaram Finance Limited is a financial and investment service provider in India. It is based in Chennai and has more than 640 branches across the country.[3] The company offers Vehicle loan, construction equipment loan, consumer loans, wealth management, commercial finance, and infrastructure finance, among others.[4]

Sundram Finance Limited
TypePublic
IndustryFinancial Services
Founded1954 (1954)
FounderT.S.Santhanam
Headquarters
Chennai, Tamil Nadu
,
India
Key people
T. T. Srinivasaraghavan, (Managing Director & CEO)[1]
ProductsMutual funds, Mortgage loans, Insurance, SME finance
Revenue₹4,722 crore (US$660 million) (2020)[2]
₹3,443 crore (US$480 million) (2020)[2]
₹805 crore (US$110 million) (2020)[2]
Total assets₹44,720 crore (US$6.3 billion) (2020)[2]
ParentSundaram Finance Group
Websitewww.sundaramfinance.in

Overview

Sundaram Finance Limited, a subsidiary of Sundaram Finance Group, was established in the year 1954. It is the financial services arm of the USD 5 billion Sundaram Finance Group.[5] The company is registered with the Reserve Bank of India (RBI) as a Systematically Important Deposit Accepting Non-Banking Financial Company. Sundaram finance offers services like commercial finance, investment banking, consumer loans, private equity, treasury advisory, and credit cards. It serves corporate, retail, and institutional customers through its Investment Arm.[6]

Business developments and initiatives

It is one among the fastest growing Investment and Finance company in India, growing at an annual rate of 26% for the past three years.[7] The company has been moving to a fifth generation tech-driven business platform that has helped it access international markets, driving the business using consumer analytics technology initiatives.[8] As of 2017, December the group has a revenue of 26,000 Crores.[9]

Sundaram Finance Group
Sundaram Finance Group
TypePublic company
Founded1954 (1954)
Headquarters
Chennai
,
India
Area served
India
Key people
T.T. Srinivasaraghavan
(Chairman)
ProductsFinancial Services
Revenue₹25.01 billion (US$350 million) (2017)
₹29.8 billion (US$420 million) (2017)
Total assets ₹69 billion (US$970 million) (2017)
Websitewww.sundaramfinance.in/group-entities

Sundaram Finance Group is the holding company for all financial service businesses of the group and is a Non-Banking Financial Institution (NBFC).[10]

The company has six subsidiaries and manages assets worth ₹69 billion (US$970 million) and has over 4,000 employees as of March, 2017.[11] Through various subsidiaries, the group is in the business of life insurance, asset management, private equity, corporate finance, structured finance, insurance broking, wealth management, equity broking, currency broking, commodity broking, financial advisory services, housing finance, pension fund management and health insurance.[12]

Subsidiaries

The six subsidiaries of the group are as follows,

References
  1. "About CEO"
  2. "Sundram Finance Ltd. Financial Statements". moneycontrol.com.
  3. "Company Overview of Sundaram Finance Limited". bloomberg.com.
  4. "Sundaram Finance spurts 8% post Q1 numbers". The Economic Times. 27 August 2018. Retrieved 6 November 2018.
  5. "NBFC in India | Home Equity Loans | Vehicle Loans | Chola". Retrieved 6 November 2018.
  6. Dave, Neha (18 September 2018). "Sundaram Finance: A steady performer, buy". Moneycontrol. Retrieved 15 July 2020.
  7. "Sundaram Finance Q1 net up by 25.9%". @businessline. Retrieved 6 November 2018.
  8. "Baby steps for a 63-year-old lender, a stride for start-ups". @businessline. Retrieved 6 November 2018.
  9. "Sundaram Finance prefers to be circumspect even as truck sales soar". @businessline. Retrieved 6 November 2018.
  10. Sundaram Finance Limited: Private Company Information - Bloomberg
  11. "A steady performer"
  12. "Sundaram Finance Holdings Ltd Q1 Net Profit at Rs. 20.01crores". The Hindu. 28 August 2018. Retrieved 15 July 2020. SFHL is the holding company for all non-financial services investments of the Sundaram Finance Group


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