9 months ago
Sundaram Home Finance Expands in Central Tamil Nadu
Sundaram Home Finance is a company that gives loans for homes and businesses.
They are planning to open more branches in smaller towns in central Tamil Nadu.
Right now, they have 12 branches, but they want to have 25.
They give loans up to ₹20 lakh for small businesses and up to ₹40 lakh for affordable housing.
They think there are lots of new business chances in these smaller towns, so they want to be there to help.
They just opened a new branch in a town called Pattukottai and plan to lend ₹120 crore in the next year.
Sundaram Home Finance plans to more than double its 'Emerging Business' branches in central Tamil Nadu from 12 to 25.
The company aims to disburse ₹120 crore over the next 12 months in this segment.
New branches will focus on Tier-3 and -4 towns, with a recent opening in Pattukottai near Thanjavur.
The 'Emerging Business' segment includes small ticket loans up to ₹20 lakh and affordable housing finance up to ₹40 lakh.
The expansion is driven by the growing entrepreneurial climate in smaller towns in Tamil Nadu.
- Who
- Sundaram Home Finance, a subsidiary of Sundaram Finance
- What
- Expansion of 'Emerging Business' segment branches in central Tamil Nadu
- Where
- Tier-3 and -4 towns in central Tamil Nadu, including Pattukottai, Trichy, Thanjavur, Thiruvarur, and Kumbakonam
- When
- Over the next 12 months, with a new branch opened on November 24, 2025
- Why
- To tap into growing entrepreneurial opportunities in smaller towns
Key facts
- Company
- Sundaram Home Finance
- Current Branches
- 12
- Target Branches
- 25
- Target Disbursements
- ₹120 crore
- Loan Types
- Small ticket loans, affordable housing finance
- Loan Amounts
- Up to ₹20 lakh (small ticket), up to ₹40 lakh (affordable housing)
- Expansion Focus
- Tier-3 and -4 towns in central Tamil Nadu
- New Branch Location
- Pattukottai, near Thanjavur
Quotes
D Lakshminarayanan
Managing Director of Sundaram Home Finance
“We are now targeting Tier-3 and -4 towns in the State for our next phase of expansion in the ‘Emerging Business’ segment. Over the last year, we had opened branches in towns like Trichy, Thanjavur, Thiruvarur and Kumbakonam in central Tamil Nadu, and are now looking to penetrate deeper into smaller towns in this region.”
thehindubusinessline.com
“We believe the growing entrepreneurial climate is throwing open new opportunities to tap into in smaller towns in Tamil Nadu in the ‘Emerging Business’ segment.”
thehindubusinessline.com
Sources
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