Finance &
Insurance
In financial services, the TSF Group promoted Sundaram Finance (founded 1954), one of the most respected names in the NBFC sector, with interests in automotive lending, general insurance, housing loans, and asset management. The financial services business has more than Rs. 50,000 crores in assets and a further Rs. 56,000 crores in assets managed.
Sundaram Finance
Sri T. S. Santhanam, the Founder, envisioned the future of hire-purchase finance in India. The company was started with a paid-up capital of Rs. 2 Lakhs and promoted by Madras Motor & General Insurance Company which was then one of the leading insurance companies in India prior to nationalization in 1971.
Sundaram Finance was established in 1954 when Sri T. S. Santhanam, the Founder, envisioned the future of hire-purchase finance in India. The company was started with a paid-up capital of Rs. 2 Lakhs and promoted by Madras Motor & General Insurance Company which was then one of the leading insurance companies in India prior to nationalization in 1971.
Started with the primary objective of financing the purchase of commercial vehicles, the company, has today grown into one of the most trusted financial services groups in India. It has a nationwide presence of nearly 640 branches, over two lakh depositors and three lakh commercial vehicle and car finance customers.
Today, Sundaram Finance Limited 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.
The company’s Diamond Jubilee in August 2014 was preceded by the birth centenary of its Founder in November 2012.
In FY24, the company achieved a revenue of INR 7,286 crore.
Royal Sundaram General Insurance
Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram Alliance Insurance Company Limited), is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. The company was initially promoted as a joint venture by Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India.
In FY24, the company achieved a revenue of INR 3,801 crore.
Sundaram Home Finance
Sundaram Home Finance Limited is a wholly owned subsidiary of Sundaram Finance Limited and was incorporated on July 2, 1999. We have more than 1.3 lakh satisfied customers and a portfolio of 9700 crores across 100+ branches. The company has the following offerings: Housing Loan, Plot Loan, Takeover and Top-up Loan, Home Extension & Improvement Loan, Loan Against Mortgage of Property, Non-residential Property Loan and Fixed Deposits.
In FY24, the company achieved a revenue of INR 1,318 crore.
Sundaram Asset Management
A fully owned subsidiary of one of India’s oldest and most respected NBFCs – Sundaram Finance Limited (SFL). Established in 1996, Sundaram Asset Management Company manages funds that cater to the investment needs of investors with different risk, reward and liquidity preferences.
In FY24, the company achieved a revenue of INR 308 crore.
Sundaram Finance Holdings
Sundaram Finance Holdings Limited (SF Holdings), promoted by the TSF group, originated from the demerged investment arm of Sundaram Finance Ltd.
SF Holdings is an exempted core investment company listed on the National Stock Exchange of India and is involved in making investments, primarily in automotive companies. 90% of its investments must be in group companies. Significant investments include Brakes India, Wheels India, IMPAL, Turbo Energy, Axles India, TVS Holdings and Sundaram Clayton – leaders in their respective markets. Through its 100% subsidiary, Sundaram Business Services Limited, SF Holdings also provides outsourced business processing and support services.
In FY24, the company achieved a revenue of INR 390.32 crore.
