My Account
Follow us on:
Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Invest as low as 10,000 and earn better returns than FD
Invest Now
Powered By
Find safe & high-yielding bonds for your buck. Discover the right bonds meeting your investment amount & investment horizon
Invest Now
AMBAREESH BALIGA
Fundamental, Stock Ideas, Multibaggers & Insights
Subscribe
CK NARAYAN
Stock & Index F&O Trading Calls & Market Analysis
Subscribe
SUDARSHAN SUKHANI
Technical Call, Trading Calls & Insights
Subscribe
T GNANASEKAR
Commodity Trading Calls & Market Analysis
Subscribe
MECKLAI FINANCIALS
Currency Derivatives Trading Calls & Insights
Subscribe
SHUBHAM AGARWAL
Options Trading Advice and Market Analysis
Subscribe
MARKET SMITH INDIA
Model portfolios, Investment Ideas, Guru Screens and Much More
Subscribe
TraderSmith
Proprietary system driven Rule Based Trading calls
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Explore
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Subscribe
POWER YOUR TRADE
Technical and Commodity Calls
Subscribe
INVESTMENT WATCH
Set price, volume and news alerts
Subscribe
STOCKAXIS EMERGING MARKET LEADERS
15-20 High Growth Stocks primed for price jumps
Subscribe
Sundaram Home Finance, which forayed into the small business loans segment in 2022, has drawn up plans to double its footprint in Tamil Nadu, the company said on Monday.
The wholly-owned subsidiary of non-banking finance company Sundaram Finance also planned to hire over 100 people under the small business loans segment in the first six months of the current fiscal.
Sundaram Home Finance is planning to double its small business loans branch count to over 20 in the first half of the new financial year, the city-based company said in a statement here.
“We have had positive feedback from small businesses across the locations and are excited about the prospects of this opportunity,” Sundaram Home Finance Managing Director Lakshminarayanan Duraiswamy said.
In October 2022, the firm had forayed into the small business loans space offering loans up to Rs 20 lakh to entities in Tier-III and Tier-IV towns to meet their expansion and working capital requirements.
The company has over 10 exclusive small business loans branches.
“…we are now planning to expand into more than 10 locations in Tier-III and -IV towns in Tamil Nadu over the next six months…this will double our branch count to over 20 in the small business loans segment,” Duraiswamy said.
On increasing the headcount, the company stated that it recruited around 100 people under the vertical in the last six months and plans to double it in the first six months of the current financial year.
Sundaram Home Finance reported October-December 2022 net profit at Rs 53 crore on disbursements of Rs 986 crore, the statement added.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
You are already a Moneycontrol Pro user.