“In the first phase, the company plans to set up 8–10 Emerging Business branches in smaller towns across Karnataka. In line with our intent of expanding the Emerging Business outside Tamil Nadu, we have forayed into Karnataka and are hopeful of establishing a good presence in Tier 2 and 3 towns over the next 12–18 months,” said D Lakshminarayanan, MD, Sundaram Home Finance.
Highlighting the opportunities, he added, “Karnataka has vast potential for affordable housing finance with the Government pushing this segment aggressively. We believe there will be high demand for credit in affordable housing and hope to tap into this growing opportunity. The industrial growth in smaller towns will also create demand for small business loans as entrepreneurs seek working capital to expand their businesses.”
Sundaram Home Finance has over 50 branches in Tamil Nadu and Andhra Pradesh in the Emerging Business segment and registered disbursements of over Rs.200 crore in this category last year.
The company reported a net profit of Rs.62 crore in Q1 FY26 on disbursements of Rs. 1,488 crore.
