Sundaram's Karnataka Dream: A ₹900 Crore Vision

Sundaram Home Finance is continuing to strengthen its presence in Karnataka with the opening of a new branch in Tumkur. The company is targeting disbursements of approximately ₹900 crore in the State during the current financial year.

This marks Sundaram’s second recent foray into tier 2 cities in Karnataka, following the launch of its Belagavi branch in September 2023. With the addition of the Tumkur branch, the company now operates 18 branches across the State, including in major cities like Mysore, Mangalore, and Hubli.

"Tumkur is rapidly developing as an industrial hub along the Chennai-Bengaluru Industrial Corridor. Its expanding base of MSMEs and large industrial units presents a strong growth opportunity, particularly among salaried and self-employed segments," said D. Lakshminarayanan, Managing Director of Sundaram Home Finance.

News by Rahul Yelligetti.