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
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
| 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 39th in the state and 89th 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
| >> More About Insurance |
About Insurance
