Sundaram Finance
{{short description|Indian financial services company}}
{{Use dmy dates|date=July 2020}}
{{Use Indian English|date=July 2020}}
{{Infobox company
| name = Sundram Finance Limited
| type = Public
| logo = Sundaram Finance Limited Logo.jpg
| caption =
| foundation = {{start date and age|df=y|1954}}
| founder = T.S.Santhanam
| location_city = Chennai, Tamil Nadu
| location_country = India
| area_served =
| key_people = Rajiv C Lochan, (Managing Director)[https://www.bloomberg.com/research/stocks/people/person.asp?personId=8442524&privcapId=7985977 "About CEO"]
| num_employees =
| revenue = {{up}}{{INRConvert|4722|c}} (2020){{cite web|url=https://www.moneycontrol.com/india/stockpricequote/finance-leasinghire-purchase/sundaramfinance/SF20|title=Sundram Finance Ltd. Financial Statements |website=moneycontrol.com}}
| operating_income = {{up}}{{INRConvert|3443|c}} (2020)
| net_income = {{up}}{{INRConvert|805|c}} (2020)
| assets = {{up}}{{INRConvert|44720|c}} (2020)
| equity =
| industry = Financial services
| subsid =
| traded_as = {{NSE|SUNDARMFIN}}
{{BSE|590071}}
| products = Mutual funds, Mortgage loans, Insurance, SME Finance;
| homepage = {{URL|https://www.sundaramfinance.in/}}
}}
Sundaram Finance Limited is an Indian financial and investment service provider, based in Chennai. The company offers consumer loans, wealth management, commercial finance, investment banking, private equity, treasury advisory, credit cards and infrastructure finance, among others.{{Cite news|url=https://economictimes.indiatimes.com/markets/stocks/news/sundaram-finance-spurts-8-post-q1-numbers/articleshow/65557471.cms|title=Sundaram Finance spurts 8% post Q1 numbers|date=2018-08-27|work=The Economic Times|access-date=2018-11-06}}
Sundaram Finance Limited was established in 1954.{{Cite news|url=https://www.murugappa.com/cholamandalam-investments/|title=NBFC in India {{!}} Home Equity Loans {{!}} Vehicle Loans {{!}} Chola|access-date=2018-11-06|language=en-US}} The company is registered with the Reserve Bank of India (RBI), as a Systematically Important Deposit Accepting Non-Banking Financial Company.{{Cite web|url=https://www.moneycontrol.com/news/business/moneycontrol-research/sundaram-finance-a-steady-performer-buy-2960611.html|title=Sundaram Finance: A steady performer, buy|website=Moneycontrol|date=18 September 2018|first=Neha|last=Dave|language=en-US|access-date=15 July 2020}} As of December 2017, the company has a market capitalisation of {{INR}}26,000 crore{{Cite news|url=https://www.thehindubusinessline.com/specials/auto-focus/sundaram-finance-cautious-on-its-prospects-in-truck-industry/article24646522.ece|title=Sundaram Finance prefers to be circumspect even as truck sales soar|work=@businessline|access-date=2018-11-06|language=en}} and operates through more than 640 branches across the country.{{Cite web|url=https://www.bloomberg.com/research//stocks/private/snapshot.asp?privcapId=7985977|title=Company Overview of Sundaram Finance Limited|website=bloomberg.com}}
Subsidiaries and joint venture
The company has six subsidiaries and manages assets worth {{INRConvert|69|b}} and has over 4,000 employees as of March 2017.[https://www.moneycontrol.com/news/business/moneycontrol-research/sundaram-finance-a-steady-performer-buy-2960611.html "A steady performer"] 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.{{cite news | url=https://www.thehindu.com/todays-paper/tp-business/sundaram-finance-holdings-ltd-q1-net-profit-at-rs-2001crores/article24796248.ece | title=Sundaram Finance Holdings Ltd Q1 Net Profit at Rs. 20.01crores | date=28 August 2018 | quote=SFHL is the holding company for all non-financial services investments of the Sundaram Finance Group | newspaper=The Hindu | access-date=15 July 2020 }}
In 2017–18, Sundaram Finance demerged its non-financial investments in automotive and manufacturing businesses into a separate company called Sundaram Finance Holdings Limited (SFHL). SFHL holds minority stakes in a number of TVS Group companies including Sundaram Clayton, Turbo Energy, Wheels India, Brakes India and Axles India.{{cite news |title=Sundaram Finance to demerge non—financial service biz |url=https://www.thehindu.com/business/sundaram-finance-to-demerge-nonfinancial-service-biz/article17319543.ece |access-date=11 April 2021 |work=The Hindu |date=17 February 2017 |language=en-IN}}{{cite news |title=Sundaram Finance Holdings Limited - 26th Annual Report 2019-20 |url=http://www.sundaramholdings.in/app_documents/companyinfo/investorinfo/01.%20Annual%20Report/2019-2020/2.%20SFHL%20Annual%20Report%20%202019-20.pdf?v=1cff72dc-0836-4492-b809-09b896088453 |access-date=11 April 2021 |work=www.sundaramholdings.in}}
The six subsidiaries of Sundaram Finance are:{{cite news |title=Sundaram Finance Limited - 67th Annual Report 2019-20 |url=https://www.sundaramfinance.in/assets/app_docs/downloads/annual-reports/2019-2020/sflar1920.pdf?v=3.0 |access-date=11 April 2021 |work=sundaramfinance.in}}
- Sundaram Finance Holdings
- Sundaram Home Finance (formerly Sundaram BNP Paribas Home Finance){{cite news |title=Sundaram Finance to buy out BNP in JV |url=https://www.thehindu.com/business/Industry/sundaram-finance-to-buy-out-bnp-in-jv/article28089123.ece |access-date=11 April 2021 |work=The Hindu |date=20 June 2019 |language=en-IN}}
- Sundaram Asset Management Company
- Sundaram Fund Services
- Sundaram Trustee Company
- LGF Services
Sundaram Finance also has a 50% stake in Royal Sundaram General Insurance, a joint venture with Ageas (40% stake) and Indian investors (10% stake).{{cite news |last1=Jagannathan |first1=K. t |title=Royal Sundaram becomes a JV again |url=https://www.thehindu.com/business/royal-sundaram-becomes-a-jv-again/article26344185.ece |access-date=11 April 2021 |work=The Hindu |date=22 February 2019 |language=en-IN}}
References
{{Reflist}}
External links
- {{official|https://www.sundaramfinance.in}}
Category:Financial services companies based in Chennai
Category:Indian companies established in 1954
Category:Financial services companies established in 1954
Category:1954 establishments in Madras State
Category:Companies listed on the National Stock Exchange of India
Category:Companies listed on the Bombay Stock Exchange
Category:Asset management companies
{{Finance-company-stub}}