Sundaram Finance was established in 1954 when Sri T. S. Santhanam, the Founder, envisioned the future of hire-purchase finance in India. The company was started with a paid-up capital of Rs. 2 Lakhs and promoted by Madras Motor & General Insurance Company which was then one of the leading insurance companies in India prior to nationalisation in 1971.
Started with the primary objective of financing the purchase of commercial vehicles, the company, has today grown into one of the most trusted financial services groups in India. It has a nation-wide presence of nearly 640 branches, over two lakh depositors and three lakh commercial vehicle and car finance customers.
Today, Sundaram Finance Limited has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.
The company’s Diamond Jubilee in August 2014 was preceded by the birth centenary of its Founder in November 2012.
Sundaram Finance embraces a philosophy that combines Growth, Quality and Profitability and
remains rooted to its ideal of protecting and enhancing shareholder value. The founding philosophy
of the company is that everything begins with the customer and the very genesis of the company
was a response to a widely felt need among road transport operators for a fair and reasonable
dispensation of financial assistance. Our Founder, Late Sri T S Santhanam, enshrined in the company,
the core values which we call - The Sundaram Way - that have been our guiding light, through the
decades. While we are deeply rooted in our values and proud of our heritage, we are also constantly
innovating in terms of technology and processes to deliver the unique Sundaram Experience.
Market Capitalisation & Ratings
The Company’s shares were originally listed in the Madras Stock Exchange (MSE) in 1972, its first and
only ever public offering, making it the first NBFC to be listed in MSE and were subsequently listed in
the National Stock Exchange in 1998. The company has a market capitalization of Rs.18, 634 cr. on
the equity share capital of Rs.111.10 cr. as on 31st March 2018.
The company’s fixed deposits are currently rated “AAA” (Highest Credit Quality) by ICRA and CRISIL.
The long-term borrowings are currently rated “AAA” (Highest Degree of Safety), with a “Stable
outlook” by ICRA and CRISIL and AA+ (High Degree of Safety), with a “Stable outlook” by India
Ratings. The short-term borrowings (including commercial paper) are rated “A1+”/P1+ (very strong
degree of safety).
Awards & Honours
Amongst the many awards and accolades Sundaram Finance has received over the years, the most recent ones are:
‘Enablers of Social Change Award’ from Mahindra Transport Excellence Award, 2017
Listed in Forbes India Super 50 companies, 2016.
Featured in Dun & Bradstreet’s India’s top 500 companies in 2014
The MMA Award for Managerial Excellence in Services Sector Category in 2013
Our Managing Director Sri T.T. Srinivasaraghavan has been listed among top CEOs between 2013-2017 by Business Today & PwC and also by Entrepreneur, a monthly
business magazine from the CNBC Network 18 group
Sundaram Finance together with its subsidiaries is involved in a number of community focused
activities that exemplify its strong commitment to the society. Some of the major initiatives that the
company is involved in, are in the areas of health, education, environment and preservation &
promotion of the country's rich culture and heritage.
Sundaram Medical Foundation, a non-profit Trust that runs Dr. Rangarajan Memorial Hospital
exemplifies the commitment of the Sundaram Finance Group to the community and its citizens. It
occupies an eminent position in the healthcare sector of India as a model of cost-conscious,
affordable, healthcare delivery and corporate involvement in social projects. Foremost among the
many causes that the Group is involved with, in the field of education is Lakshmi Charities,
established 37 years ago. A charitable educational institution, it assists meritorious students from
the lower income groups pursue higher education. About 1500 students, predominantly college
students, are provided assistance each year.
All through the year the company is involved in other community activities such as maintenance of a
public park in Chennai, ecology awareness campaigns, children’s music programmes, and art and
craft workshops. We are also closely associated with the Sundaram Finance Mylapore Festival, that
showcases folk art, music and dance, again with emphasis on children.