SUNDARMFIN

In 1954, Sundaram Finance, which is a Sundram Group company, was being incorporated, with the object of financing the purchase of both commercial vehicles and passenger cars. Soon after, it was started with a paid-up capital of INR 2 Lakhs and later went public in the year 1972. Its shares were also listed on the Madras Stock Exchange in 1972 and the National Stock Exchange as on January 1998. Consequently, the company's equity shares have been delisted from Madras Stock Exchange Limited (or MSE) with effect from January 27, 2004, following SEBI (the delisting of Securities) Guidelines, in 2003, for the voluntary delisting. The Company has also grown today into one of the most trusted financial services groups in the country. Currently, the activities of the group span savings products such as insurance, deposits and mutual funds, car and commercial vehicle finance, home loans, tyre finance, software solutions, business process outsourcing, fleet cards, and other logistics services. The Group's strength also lies in the quick completion of transactions, and the long association with transporters for generations, and the intimate market knowledge as well as its nuances. Also, it has a substantial network of more than 400 branches to cater to the financing needs of the consumers. It is one of the most reliable, oldest, and largest providers of finance for the acquisition of commercial vehicles in all the formats. The commercial vehicle finance offered by it helps the small operators to acquire vehicles with the minimum hassle and documentation. It also provides customized financing options to suit the requirements. Also, the large fleet operators find it quite easy to expand their fleet via the finance being provided by the company. It also offers special schemes that are being supported by the manufacturers, where the rates are also highly competitive. Moreover, such finance schemes are elementary to understand and without any hidden costs.

Some of the Group Companies:

Lakshmi General Finance (since merged with SFL on 1/4/2005).
Sundaram BNP Paribas Asset Management.
Sundaram BNP Paribas Home Finance.
Royal Sundaram Alliance Insurance.
Sundaram Infotech Solutions.
Sundaram Business Services.
Sundaram Finance Distribution Limited.
LGF Services Limited.
Infreight Logistics Solutions Limited.

Some of the Milestones:

2008: Union de Credit pour le Batiment SA (UCB), a wholly-owned subsidiary of BNP Paribas SA, France acquires a 49.90% stake in Sundaram Home Finance Ltd from SFL.
2006: BNP Paribas Asset Management Group, France acquires a 49.90 % stake in Sundaram Asset Management Company Ltd from SFL.
2005: Merger with LGF making SF Billion dollar Balance sheet NBFC.
2001: Promoted Sundaram Business Services – BPO arm of Sundaram Finance.
2000: Promoted Sundaram Infotech Solutions – Infotech division of Sundaram Finance.
1999: Promoted Sundaram Home Finance Limited with equity participation from International Finance Corporation (IFC), Washington, and FMO Netherlands.
1998: Promoted Fiat Sundaram Auto Finance Limited, a joint venture with Fidis S.p.A., Italy.

Some of the Achievements:

The Certificate of Commendation award by the Government of India under the scheme of Good Tax Payers.
The Company Second Best Tax Payer in the section of Private Sector Company for Assessment Year 1994-95 in the region of Tamil Nadu, from the Income Tax Department, Tamil Nadu.
Also, rolling a trophy by Rotary Club of Madras South West for the Best Employer-Employee Relationship in 1995–96.
The best Tax Payer in the section of Private Sector Company for Assessment Year 1995–96 in the region of Tamil Nadu, from the Income Tax Department, Tamil Nadu.
In 1998, Automan Award was received by Shri T S Santhanam, Chairman, from Motor India.
Also, the pioneering Service Award was received by Shri T S Santhanam Chairman, from Chennai Good Transport Association.
Sarige Ratna Award was received by Shri T S Santhanam, Chairman, from the Bangalore City Lorry Transporting Agents Association (Regd).
The Most Valued Customer Award was being received by Shri T S Santhanam Chairman, from the State Bank of India.
ALSO, the Best Financier of the New Millennium 2000 was received by Shri. G K Raman, Managing Director, from the All India Motor Transport Congress.

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