Latest news with #DLakshminarayanan
News18
26-07-2025
- Business
- News18
Sundaram Home Finance sets Rs 180 cr disbursal target in Gujarat
Chennai, Jul 26 (PTI) Sundaram Home Finance, which is expanding its presence beyond South India, has set a target of disbursing Rs 180 crore in Gujarat this year, a top official said. During the April-June 2025 quarter, the company inaugurated four branches in the western state, including one in Surat. 'This year, the company is targeting disbursements of around Rs 180 crore in Gujarat, up from Rs 129 crore disbursed in the state last year," the Chennai-based lender said in a press release on Saturday. Commenting on the development, managing director D Lakshminarayanan said, 'While we continue to play to our strengths in Southern markets, we are also exploring growth opportunities in select geographies outside the South in the prime home finance segment." On the company's strategic focus on smaller towns, he added, 'We are continuing to expand in tier II and III towns. We believe there is strong potential in these markets to establish and grow our 'emerging business segment', which will lay the foundation for future growth." Announcing its financial results, Sundaram Home Finance reported a marginal dip in net profit for the April-June 2025 quarter at Rs 62 crore, compared to Rs 66 crore in the same period last year. The company disbursed Rs 1,488 crore worth of loans during the quarter, up from Rs 1,353 crore in the corresponding quarter of the previous year. Traditionally strong in South India, Sundaram Home Finance has expanded its footprint into Maharashtra, Rajasthan, Madhya Pradesh, and Chhattisgarh. PTI VIJ SSK VIJ SSK ADB view comments First Published: July 26, 2025, 14:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
26-06-2025
- Business
- The Hindu
Sundaram Home Finance aims to disburse ₹300 cr. in Madhya Pradesh
Sundaram Home Finance, the wholly-owned subsidiary of Sundaram Finance Ltd, has strengthened its footprint in Madhya Pradesh with the opening of two new branches, a top official said on Thursday. The city-headquartered company inaugurated a branch in Pithampur and Ratlam and has targeted disbursements of ₹300 crore in Madhya Pradesh this financial year. "This expansion in Madhya Pradesh is in line with our stated intent of identifying select growth opportunities in Tier II and III towns outside South India and building a stronger base in states where we already present in," Sundaram Home Finance MD D Lakshminarayanan said in a company statement here. The company currently operates two branches in Indore and one in Bhopal. With the current expansion in Pithampur and Ratlam, the total number of branches operated by Sundaram Home Finance in Madhya Pradesh increases to five. On the reasons behind expanding presence in Madhya Pradesh, Lakshminarayanan said the Central state is an important market for Sundaram Home Finance outside South India. "Rapid industrial growth is leading to increased affordability among the customers in that state. Over the last 12 months, we have seen a strong demand for home finance in larger towns like Indore and Bhopal in the mid-segment with a typical ticket size of about Rs 40 lakh", he said. He expected similar demand to continue for residential properties in Pithampur and Ratlam and expressed confidence of leveraging the increasing growth opportunities in Madhya Pradesh. The company crossed the milestone by disbursing ₹1,000 crore outside South India operations last year. The company has over 150 branches across the country.
Time of India
26-06-2025
- Business
- Time of India
Sundaram Home Finance aims to disburse Rs 300 crore in Madhya Pradesh
Sundaram Home Finance , the wholly-owned subsidiary of Sundaram Finance Ltd , has strengthened its footprint in Madhya Pradesh with the opening of two new branches, a top official said on Thursday. The city-headquartered company inaugurated a branch in Pithampur and Ratlam and has targeted disbursements of Rs 300 crore in Madhya Pradesh this financial year. "This expansion in Madhya Pradesh is in line with our stated intent of identifying select growth opportunities in Tier II and III towns outside South India and building a stronger base in states where we already present in," Sundaram Home Finance MD D Lakshminarayanan said in a company statement here. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Bejaia (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo The company currently operates two branches in Indore and one in Bhopal. With the current expansion in Pithampur and Ratlam, the total number of branches operated by Sundaram Home Finance in Madhya Pradesh increases to five. On the reasons behind expanding presence in Madhya Pradesh, Lakshminarayanan said the Central state is an important market for Sundaram Home Finance outside South India. Live Events "Rapid industrial growth is leading to increased affordability among the customers in that state. Over the last 12 months, we have seen a strong demand for home finance in larger towns like Indore and Bhopal in the mid-segment with a typical ticket size of about Rs 40 lakh", he said. He expected similar demand to continue for residential properties in Pithampur and Ratlam and expressed confidence of leveraging the increasing growth opportunities in Madhya Pradesh. The company crossed the milestone by disbursing Rs 1,000 crore outside South India operations last year. The company has over 150 branches across the country.
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Business Standard
26-06-2025
- Business
- Business Standard
Sundaram Home Finance aims to disburse ₹300 crore in Madhya Pradesh
Sundaram Home Finance, the wholly-owned subsidiary of Sundaram Finance Ltd, has strengthened its footprint in Madhya Pradesh with the opening of two new branches, a top official said on Thursday. The city-headquartered company inaugurated a branch in Pithampur and Ratlam and has targeted disbursements of Rs 300 crore in Madhya Pradesh this financial year. "This expansion in Madhya Pradesh is in line with our stated intent of identifying select growth opportunities in Tier II and III towns outside South India and building a stronger base in states where we already present in," Sundaram Home Finance MD D Lakshminarayanan said in a company statement here. The company currently operates two branches in Indore and one in Bhopal. With the current expansion in Pithampur and Ratlam, the total number of branches operated by Sundaram Home Finance in Madhya Pradesh increases to five. On the reasons behind expanding presence in Madhya Pradesh, Lakshminarayanan said the Central state is an important market for Sundaram Home Finance outside South India. "Rapid industrial growth is leading to increased affordability among the customers in that state. Over the last 12 months, we have seen a strong demand for home finance in larger towns like Indore and Bhopal in the mid-segment with a typical ticket size of about Rs 40 lakh", he said. He expected similar demand to continue for residential properties in Pithampur and Ratlam and expressed confidence of leveraging the increasing growth opportunities in Madhya Pradesh. The company crossed the milestone by disbursing Rs 1,000 crore outside South India operations last year. The company has over 150 branches across the country. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
07-06-2025
- Business
- Business Standard
Sundaram Home crosses ₹1,000 cr in disbursements from non-south markets
Sundaram Home Finance which has been expanding its presence beyond Southern markets has reached a milestone of breaching Rs 1,000 crore mark in its disbursements made in non-south markets in FY 2024-25, a top official said. Sundaram Home Finance is a wholly-owned subsidiary of Sundaram Finance Ltd. It provides home loans, plot loans, loans against property and business loans to traders and retailers. The city-headquartered company, a traditional player in south India, has expanded its presence in Maharashtra, Rajasthan and Madhya Pradesh. It also entered into the Chhattisgarh market. For the financial year ending March 31, 2025, Sundaram Home Finance made disbursements of Rs 6,517 crore (including south and non-south markets) which was up by 29 per cent from Rs 5,039 crore disbursements made in the same period of previous financial year (FY2023-24). With the growing presence in the country, the contribution from non-south geographies has doubled in the last couple of years to about 20 per cent of the overall disbursements made by the company, a statement from the company said on Saturday. "We have identified specific pockets of growth opportunities in markets outside South India and this served well for us. Disbursements in the prime home finance segment crossing Rs 1,000 crore last (financial) year in the non-southern market is an important milestone in our growth journey and is a testament to our strategic focus of spreading our wings across the country," the company's MD D Lakshminarayanan said. The opening of new branches and strengthening presence in existing locations including adding people have contributed to the over 50 per cent year-on-year growth in disbursements in the non-south geographies, he said. For the current financial year, the company expects to make disbursements of Rs 1,500 crore from the non-south market. "The focus this year will be on strengthening our presence in locations where we had expanded in the last couple of years while at the same time looking for select growth opportunities in new Tier II and III towns outside South India," he said. Sundaram Home Finance currently has over 150 branches across the country.
