Archive · 26 Jun 2025
Sundaram Home Finance Expands in Madhya Pradesh
Sundaram Home Finance, a company that helps people get home loans, is opening new offices in two cities in Madhya Pradesh called Pithampur and Ratlam.
They plan to lend out 300 crore rupees this year.
This is part of their plan to grow in smaller towns outside of South India.
They have already seen a lot of people in Madhya Pradesh wanting home loans, especially in bigger cities, and they are hoping the same happens in the new cities.
The company has also disbursed ₹1,000 crore outside South India.
Sundaram Home Finance opened branches in Pithampur and Ratlam, Madhya Pradesh.
The company aims to disburse ₹300 crore in Madhya Pradesh this financial year.
This expansion aligns with the company's strategy to grow in Tier II and III towns outside South India.
Sundaram Home Finance now operates five branches in Madhya Pradesh.
The company identified strong demand for home finance in larger towns of Madhya Pradesh.
- Who
- Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd, is the company involved.
- What
- Sundaram Home Finance is expanding its operations in Madhya Pradesh by opening two new branches and aiming to disburse ₹300 crore.
- When
- The expansion was announced on Thursday, June 26, 2025, with the financial year being the target for the disbursement.
- Where
- The expansion is taking place in Madhya Pradesh, with new branches in Pithampur and Ratlam.
- Why
- The expansion is due to the company identifying growth opportunities in Tier II and III towns outside South India and strong demand for home finance.
- Company
- Sundaram Home Finance
- Parent Company
- Sundaram Finance Ltd
- New Branches
- Pithampur and Ratlam
- Targeted Disbursement
- ₹300 crore in Madhya Pradesh
- Total Branches in MP
- 5
- Previous Milestone
- ₹1,000 crore disbursed outside South India