Sundaram Finance Ltd.
About the company
Sundaram Finance is a deposit-taking NBFC registered with RBI, established in 1954. The bulk of Sundaram’s advances are to finance asset purchases and made up of CV loans and car loans. By September 30, 2019, 53.4% of its outstanding loans were to commercial vehicles, 25.2% to cars, 9.9% to construction equipment with the balance made up of tractors and others. It has subsidiaries operating in home finance, mutual funds, fund services and a joint venture engaged in general insurance. The company had standalone deposits to the tune of Rs 3507 crore by September 30, 2019. For the half-year ended September 2019, it reported standalone revenues of Rs 1974 crore up by 25.7% and PBT of Rs 558 crore, up by 26% over the same period last year.