Sundaram Home Finance plans to enter home loan segment

11 Sep 2023 CW Team

Sundaram Home Finance, a subsidiary of Sundaram Finance, has outlined plans to venture into the burgeoning affordable home loan segment, aligning itself with the government's ambitious "housing for all" initiative. The company has set its sights on tier 2 and tier 3 towns as it diversifies into the affordable housing sector. Lakshminarayanan Duraiswamy, Managing Director of Sundaram Home Finance, emphasized that this strategic move is a natural extension of their core business and growth strategy.

Duraiswamy stated, "We believe that this segment holds the potential for significant long-term growth for us." Sundaram Home Finance commenced offering small business loans in October of the previous year, marking an expansion of its services. Regarding their plans for the affordable housing sector, Duraiswamy revealed that the company intends to establish approximately 10 branches in smaller towns across Tamil Nadu and Andhra Pradesh. Furthermore, they aim to recruit 50-75 individuals dedicated exclusively to serving the affordable housing segment in the initial phase, with the target completion date set for March 2024.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..