Sundaram Finance Limited is an Indian financial and investment service provider, based in
Chennai. The company offers consumer loans,
wealth management,
commercial finance,
investment banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...
,
private equity, 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 (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 between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...
,
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
,
private equity,
corporate finance
Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and anal ...
,
structured finance
Structured finance is a sector of finance - specifically financial law - that manages leverage and risk. Strategies may involve legal and corporate restructuring, off balance sheet accounting, or the use of financial instruments.
Securitization ...
,
insurance broking
An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negoti ...
,
wealth management,
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 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 is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the grou ...
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 (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
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