Sundaram Finance Group

Sundaram Finance Group- Overview

Sundaram Finance Group was set up in 1954 by TS Santhanam and in its earlier years it was promoted by Madras Motor Insurance Company, which is a part of the well known TVS Group.

Sundaram Finance started off as a financer for purchasing passenger cars and commercial vehicles but is presently one of the top financial services providers in the country in terms of trust.

At present the organization deals into the following:

• Commercial vehicle finance
• Fleet card
• Car finance
• Infotech solutions
• Insurance
• Business process outsourcing
• Asset management
• Tyre finance
• Home loans
• Logistics services
• Equipment finance

As of now the organization has almost 1 lakh clients for the car finance and commercial vehicle finance business and at least 2 lakh depositors.

The various constituent entities of Sundaram Finance may be mentioned as below:

• Sundaram Finance
• Sundaram Business Services
• Sundaram Asset Management Company
• Sundaram BNP Paribas Fund Services
• Sundaram BNP Paribas Home Finance
• Sundaram Finance Distribution Limited
• Royal Sundaram Alliance Insurance
• LGF Services Limited
• Sundaram Infotech Solutions

Following are some of the awards received by the organization:

Award	Provider
Sarige Ratna Award for TS Santhanam	Bangalore City Lorry Transporting Agents' Association
Most Valued Customer Award for TS Santhanam	State Bank of India
The Best Financier of the New Millennium 2000 to GK Raman, the then Managing Director	All India Motor Transport Congress

Since its inception Sundaram Finance has been able to become a name to reckon with in the domain of financial services thanks to its emphasis on providing high quality service for customers, good business practices and by offering financial products that are effective, secure, and trustworthy.

Sundaram Finance Group Management

The board of directors at Sundaram Finance is made up of the following dignitaries:

Name	Designation
S Viji	Chairman
Srinivas Acharya	Director
S Ram	Director
Aroon Raman	Director
N Venkataramani	Director
TT Srinivasaraghavan	Managing Director
PN Venkatachalam	Director
Harsha Viji	Director (Strategy & Planning)
S Prasad	Director
M Ramaswamy	Chief Financial Officer
S Ravindran	Director
P Viswanathan	Secretary & Compliance Officer

Sundaram Finance Group Financial Details

The following table highlights the performance of Sundaram Finance Ltd in the 2011-12 fiscal:

Domain	Figures in INR crores
Revenue from operations	1701.43
Other Income	60.45
Total revenue	1761.88
Profit before tax	512.15
Profit after tax	355.45
Surplus brought forward	60.14
Amount available for appropriation	415.59
Transfers to statutory reserve	71.10
Transfers to general reserve	179.45
Interim dividend	41.67
Dividend tax	11.37
Surplus balance carried to balance sheet	67.56

Sundaram Finance Group Products and Services

The products and services of Sundaram Finance may be mentioned as below:

Retail Business

• Car Finance
• Home Finance - Home Loans, Land Loans, Home Extension Loans, LAMP, and Home Improvement Loans

Business Finance

• Commercial Vehicle - New Commercial Vehicles, and Used Commercial Vehicles
• Fleet Card
• Construction Equipment Finance
• Tyre Finance
• Tractor Finance
• Mortgage Loans - Home Loans, Land Loans, Home Extension Loans, LAMP, and Home Improvement Loans

Services

• Infotech Solutions - Network Management, Facility Management Services, Data Centre Operations, Consultancy Services, Database Management, Remote Infrastructure Management, Security Management, and IT Infrastructure Management Services

• Insurance - Car Shield Online, Home Content Online, Hospital Cash Online, Family Health Insurance Online, Travel Shield Online, Home Shield Online, Accident Shield Online, and Health Shield Online

• Business Process Outsourcing

Sundaram Finance Group News

Srinivas Acharya, the Managing Director of Sundaram BNP Paribas Home Finance Ltd, Chennai, has stated that the organization will be looking to explore the reverse mortgage space in the near future, even though they are not in the business right now. He has also stated that the organization will be looking at every customer interaction in this respect with a positive viewpoint.

The organization opened its second branch in Coimbatore during September 2012 and while speaking on the sidelines of the event, Acharya stated that the loan business was performing well enough. He expects that by the end of the first couple of quarters of the 2012-13 fiscal the company will be able to pay out INR 1200 crores, an amount that had been disbursed throughout the whole of 2010-11.

In 2011-12 the organization had provided loans worth INR 1950 crores. The real estate prices in the Chennai and Coimbatore markets have become stable of late and the prices are not going up too often. This, Acharya states, is a good development as it will encourage more people to buy houses.

Experts feel that the present situation in Coimbatore and Chennai may have happened owing to the resistance being put up by buyers but an important factor was the time being taken by the bigger projects. The fact that their prices were not going up was also having some effect on the smaller projects.

Acharya states that between 2007 and 2012 the real estate market in Chennai had seen the highest growth among its kind in India. As per data from NHB Residex, the base price index of the Chennai real estate market was 100 in 2007 but had gone up to 309 in the first quarter of 2012. The index lists 20 cities across India and this was the best performance.

The Vice President and Head-Operations of SBNPP Home Finance, S Rajagopalan, has stated that the OMR area in the Tamil Nadu capital was going to see a big mall pretty soon. Acharya has also stated that home loan rates in Chennai are fairly stable since the last couple of months. He has opined that only if the interest rates decreased will the housing rates fall.

He pointed out that home loan providers were now more aware of social realities and this was evident from the term periods of the same. The branch opened at RS Puram area of Coimbatore was the organization's 39^th in the state and 89^th overall. Till now the organization has inaugurated 13 branches and 12 more are expected to be opened by the time the year comes to an end.

Sundaram Finance Group Office Network

Sundaram Finance is headquartered at Chennai but also has 545 other branches across the country.

Sundaram Finance Group Contact Details

The contact details of Sundaram Finance may be enumerated as below:

Sundaram Finance Limited
21, Patullos Road
Chennai - 600 002

Telephone number: 91 44 2852 1181
Fax: 91 44 2852 0456

Last Updated on 09/17/2012

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