The company crossed the milestone of 100 Emerging Business (EB) branches last year.
The new branches will come up in Tier 3 and 4 towns in Tamil Nadu, Karnataka, Andhra and Telangana.
The company, which had registered disbursements of Rs. 590crores in the Emerging Business segment last year, is targeting disbursements of around Rs. 1000 crores in this segment this year.
As part of its expansion, the company that currently has around 800 employees in the
Emerging Business segment plans to hire around 300 people in this segment this year.
“We have established a strong foundation in the Emerging Business segment in South India. We believe there are a number of opportunities in the affordable housing segment in smaller towns in South India on the back of a resilient rural market. Our plan is to leverage the growing demand for affordable housing by setting up new branches in Tier 3 and 4 towns. We have grown steadily in the Emerging Business segment since the launch in October 2022 and believe that our current expansion will take this segment into its next phase of growth,” D. Lakshminarayanan, Managing Director, Sundaram Home Finance said.
Sundaram Home Finance registered net profit of Rs. 282 crores on disbursements of Rs.6, 842 crore in FY26. Assets under Management grew 14 per cent last year and stood at Rs. 19909 crores as on 31 st March 2026.
Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance, provides home loans, plot loans, home improvement and extension loans, affordable housing finance, loans against property and small ticket loans to entrepreneurs.
