Sundaram Finance’s wholly-owned subsidiary -- Sundaram Home Finance is planning to expand its presence in tier-III towns in western Tamil Nadu under its 'Emerging Business' (EB) segment, citing strong growth potential. The company currently operates over 15 branches in the region, including six under the vertical. As part of its expansion strategy, the company aims to disburse over Rs 500 crore in the next 12-18 months, with Rs 50 crore targeted specifically at the EB vertical.
Sundaram Finance has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.
