Sundaram Home Finance eyes Rs 1,300 cr AUM from emerging biz segment

CHENNAI: Sundaram Home Finance (HF) is targeting Rs 1,300 crore by expanding its footprint in the Emerging Business (EB) segment in Tamil Nadu.

After ending FY26 with an Assets Under Management (AUM) of over Rs 650 crore in the EB segment in TN, the wholly-owned subsidiary of Sundaram Finance is now looking to grow this to around Rs 1,300 cr by the end of the financial year.

The EB segment focuses on affordable housing financing and small ticket working capital loans. The company forayed into this segment in October 2022 with the launch in Madurai. Over the last four years, the company has opened around 70 EB branches in TN.

The company is now planning to open over 10 branches in small towns in TN in the EB segment. As part of this expansion, the company recently opened new EB branches in Ramanathapuram and Ottanchattiram in addition to expanding its EB presence to two temple towns, Tiruchendur and Tirukovilur.

Sundaram HF, which has over 500 employees in the EB segment in TN, plans to hire another 50 people in the state as part of its expansion plans.

D Lakshminarayanan, MD, Sundaram HF said, “our plan is to further strengthen our presence in TN by expanding our branch network into more Tier 3 and 4 towns and to grow this business faster in the coming years.”

Sundaram HF registered net profit of Rs 85 crore on disbursements of Rs 1,665 cr in the Q1 of this year. Assets under Management grew 11% in Q1 and stood at Rs 20,325 crore as on June 30, 2026.