Chennai, March 25 Sundaram Home Finance aims to set up five branches under its emerging business segment in South Tamil Nadu, as it aims to generate Rs 200 crore in disbursements in the region next year.
The Chennai-based company recently inaugurated two new branches in the emerging business segment in Sankaran Koil and Ambasamudram as part of its expansion plans.
In a company statement on Wednesday, Sundaram Home Finance MD D Lakshminarayanan said, "We diversified into the Emerging Business segment in October 2022, starting with a presence in South Tamil Nadu by setting up new branches around Madurai. Over the past 3.5 years, we have established a strong presence in South Tamil Nadu with 15 emerging business branches."
He added that under the next phase of expansion, the company aims to strengthen its presence in the southern parts of the state by penetrating into Tier 4 and 5 towns.
"The company aims to generate Rs 200 crore in disbursements in South Tamil Nadu in the EB segment next year," the statement said.
Sundaram Home Finance has over 100 Emerging Business branches spread across Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka. The statement added that the company had registered a net profit of Rs 212 crore on disbursements of Rs 4,911 crore for the April-December 2025 period.
