Sundaram Home Finance forays into Karnataka in the Emerging Business Segment
Chennai
September 8, 2025: Sundaram Home Finance has made a foray into Karnataka in the
Emerging Business segment and is targeting disbursements of Rs. 60crores in the
first year of its operations in the state. The Emerging Business comprises of
small business loans of up to Rs. 20 lakhs and affordable housing finance of up
to Rs. 40 lakhs.
In
the first phase of its expansion, the company plans setting up 8-10 Emerging
Business branches in the smaller towns in Karnataka.
D. Lakshminarayanan, MD, Sundaram Home Finance
Commenting
on the foray, D. Lakshminarayanan, MD, Sundaram Home Finance said, “In line
with our stated intent of expanding the Emerging Business outside Tamil Nadu,
we have forayed into Karnataka and are hopeful of establishing a good presence
in the Tier 2 and 3 towns in this state over the next 12-18 months.”
On
the opportunities in the Emerging Business segment, Lakshminarayanan said, “Karnataka
has vast potential for affordable housing finance with the Government pushing
this segment aggressively. We believe there will be a high demand for credit in
the affordable housing segment and hope to tap into this growing opportunity.
Also, the industrial growth in smaller towns in the state will lead to opportunities
in the small business loans segment with entrepreneurs looking for working
capital finance to expand their businesses.”
Sundaram
Home Finance has over 50 branches in TN and Andhra in the Emerging Business
segment and registered disbursements of over Rs. 200crores in this segment last
year.
The
company registered a Net Profit of Rs. 62crores in the first quarter ended 30th
June 2025 on disbursements of Rs. 1488crores.
Sundaram
Home Finance, a wholly owned subsidiary of Sundaram Finance Ltd., provides home
loans, plot loans, home improvement & extension loans, loans against
property, affordable housing finance and small business loans to traders and
small shops. The company has over 150 branches across the country.
