Sundaram Finance Limited is an Indian financial and investment service provider, based in

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

. The company offers consumer loans,

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-hi ...

commercial finance In the United States, commercial finance is the function of offering loans to businesses. Commercial financing is generally offered by a bank or other commercial lender. Most commercial banks offer commercial financing, and the loans are either s ...

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

, treasury advisory, credit cards and infrastructure finance, among others. Sundaram Finance Limited was established in 1954. The company is registered with the

Reserve Bank of India Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...

(RBI), as a Systematically Important Deposit Accepting Non-Banking Financial Company. As of December 2017, the company has a market capitalisation of 26,000 crore and operates through more than 640 branches across the country.

Subsidiaries and joint venture

The company has six subsidiaries and manages assets worth and has over 4,000 employees as of March 2017. Through various subsidiaries, the group is in the business of

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

corporate finance Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...

structured finance Structured finance is a sector of finance — specifically financial law — that manages Leverage (finance), leverage and Financial risk, risk. Strategies may involve legal and corporate restructuring, off balance sheet accounting, or the use of ...

, insurance broking,

, equity broking, currency broking, commodity broking, financial advisory services, housing finance, pension fund management and

health insurance Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among ma ...

. In 2017–18, Sundaram Finance demerged its non-financial investments in automotive and manufacturing businesses into a separate company called Sundaram Finance Holdings Limited (SFHL). SFHL holds minority stakes in a number of

TVS Group TVS Group is an Indian multinational conglomerate with its principal headquarters in Madurai and international headquarters in Chennai. It has more than 50 subsidiaries including the two-wheeler manufacturer TVS Motor Company and TVS Supply ...

companies including Sundaram Clayton, Turbo Energy, Wheels India, Brakes India and Axles India. The six subsidiaries of Sundaram Finance are: * Sundaram Finance Holdings * Sundaram Home Finance (formerly Sundaram

BNP Paribas BNP Paribas (; sometimes referred to as BNPP or BNP) is a French multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial instituti ...

Home Finance) * Sundaram Asset Management Company * Sundaram Fund Services * Sundaram Trustee Company * LGF Services Sundaram Finance also has a 50% stake in Royal Sundaram General Insurance, a joint venture with

Ageas Ageas is a Belgian multinational insurance company co-headquartered in Brussels. Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insuranc ...

(40% stake) and Indian investors (10% stake).

References

External links

* Financial services companies based in Chennai Indian companies established in 1954 Financial services companies established in 1954 TVS Group 1954 establishments in Madras State Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange Asset management companies {{Finance-company-stub