CHENNAI: Sundaram Home Finance which is on an expansion drive is looking at Rs 500 crore disbursements by the year end.
The inauguration of its 100th emerging business (EB) branch in Coimbatore on Friday signalled its ability to double its network in under 12 months, while this segment focuses on affordable housing financing and small ticket working capital loans.
The EB segment launched in October 2022, took close to 3 years to set up the first 50 branches. As part of the doubling of the network to 100 branches, the company has expanded its presence outside Tamil Nadu to Andhra, Telangana and Karnataka over the last 12 months.
In west TN, it as a network of over 15 EB branches including in small towns such as Pollachi, Dharapuram and Tirupur.
The company registered disbursements of over Rs 70 crore in the EB segment in west TN at the end of December 2025. It is targeting to double it in this region over the next 12 months.
D Lakshminarayanan, MD, Sundaram Home Finance said, “While we took time to expand in the initial phase understanding the market and the new segment, the strong foundation laid in that phase in TN is now helping us expand rapidly into geographies outside the state. A good part of our expansion this year in this segment has taken place outside TN - in Karnataka, Telangana and Andhra Pradesh.”
In the first nine months of the year, it clocked disbursements of over Rs 400 crore in the EB segment even while targeting disbursements of Rs 500 crore by the end of the year.
Lakshminarayanan said, “We believe we are well positioned for fast-paced growth in the EB segment. Subsidies announced in the budget will boost demand in the affordable housing space, serving as a key growth driver for us. We see untapped potential in the TN market and will expand into new tier 4-5 locations within the state.”
The company registered net profit of Rs 212 crore on disbursements of Rs 4,911 crore for the first nine months ended 31st December 2025.