1 hr ago
Sundaram Home Finance expands emerging business segment across Tamil Nadu
Sundaram Home Finance lends money for affordable homes and small business needs.
It wants to make this business bigger in Tamil Nadu.
The company had more than ₹650 crore in such loans and investments in FY26.
It hopes to increase that amount to about ₹1,300 crore.
To do this, it plans to open more than 10 branches in smaller towns.
Branches have already opened in Ramanathapuram and Ottanchattiram.
The company started this business in Madurai in October 2022.
It also plans to hire 50 more people in Tamil Nadu.
Sundaram Home Finance plans to expand its Emerging Business segment in Tamil Nadu.
The segment provides affordable housing finance and small-ticket working capital loans.
Assets under management exceeded ₹650 crore in FY26, with a target of ₹1,300 crore by year-end.
The company plans to open more than 10 branches in small towns across Tamil Nadu.
It has around 70 EB branches and over 500 employees in Tamil Nadu, with plans to hire 50 more.
- Who
- Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance.
- What
- Expansion of its Emerging Business segment, covering affordable housing finance and small-ticket working capital loans.
- Where
- Tamil Nadu, including planned expansion in small towns and existing branches in Madurai, Ramanathapuram and Ottanchattiram.
- When
- The plans were reported on September 4, 2026; the segment began in October 2022 and FY26 ended with assets under management above ₹650 crore.
- Why
- To grow Emerging Business assets under management to around ₹1,300 crore by the end of the financial year.
Key facts
- Current EB assets under management
- More than ₹650 crore in Tamil Nadu at the end of FY26
- Target assets under management
- Around ₹1,300 crore by the end of the financial year
- Planned branches
- More than 10 new branches in small towns across Tamil Nadu
- Existing EB branches
- Around 70 branches in Tamil Nadu over the last four years
- Current EB workforce
- More than 500 employees in Tamil Nadu
- Planned hiring
- 50 additional employees in Tamil Nadu
- Recently opened branches
- Ramanathapuram and Ottanchattiram
Sources
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