Sundaram Finance Limited, founded in 1954 and part of the TVS Group, is a prominent Non-Banking Finance Company in India, primarily engaged in financing commercial vehicles, cars, and construction equipment. It has evolved through significant mergers and acquisitions, expanding its portfolio to include mutual funds, housing finance, general insurance, IT, and business process outsourcing. Notable subsidiaries include Sundaram Home Finance Ltd, Sundaram Asset Management Company Ltd, and Royal Sundaram General Insurance Co. Ltd. The company has undergone several strategic collaborations, notably with Newton Management, UK, and International Finance Corporation, enhancing its offerings in asset management and housing finance.
The company has seen extensive restructuring, including the amalgamation of various subsidiaries and a focus on core financial services. Key milestones include increasing its stake in Royal Sundaram to 75.90% and acquiring full ownership of Sundaram Fund Services and Sundaram Home Finance. With a deep-rooted presence in the financial sector, Sundaram Finance continues to leverage its diversified offerings to maintain a robust market position.
