Sundaram Home Finance Targets Rs 3 Bn Disbursal in Madhya Pradesh
ECONOMY & POLICY

Sundaram Home Finance Targets Rs 3 Bn Disbursal in Madhya Pradesh

Sundaram Home Finance, a wholly-owned subsidiary of Sundaram Finance, has expanded its presence in Madhya Pradesh by opening two new branches in Pithampur and Ratlam. With this move, the total number of its branches in the state has increased to five, including existing locations in Indore and Bhopal.

The company has set a disbursement target of Rs 3 billion in Madhya Pradesh for the current financial year. This expansion aligns with its strategy of exploring growth opportunities in Tier II and III towns outside South India, while strengthening its base in states where it already operates.

Madhya Pradesh has been identified as a key market for the company beyond South India due to rapid industrial growth, which is contributing to increased affordability among customers. Over the past year, Sundaram Home Finance has observed strong demand for mid-segment home loans—particularly in Indore and Bhopal—with an average ticket size of Rs 4 million. Similar demand is anticipated in the newly added locations of Pithampur and Ratlam.

Last year, the company crossed Rs 10 billion in disbursements outside South India. It currently operates over 150 branches across the country.

News source: The Week

Sundaram Home Finance, a wholly-owned subsidiary of Sundaram Finance, has expanded its presence in Madhya Pradesh by opening two new branches in Pithampur and Ratlam. With this move, the total number of its branches in the state has increased to five, including existing locations in Indore and Bhopal.The company has set a disbursement target of Rs 3 billion in Madhya Pradesh for the current financial year. This expansion aligns with its strategy of exploring growth opportunities in Tier II and III towns outside South India, while strengthening its base in states where it already operates.Madhya Pradesh has been identified as a key market for the company beyond South India due to rapid industrial growth, which is contributing to increased affordability among customers. Over the past year, Sundaram Home Finance has observed strong demand for mid-segment home loans—particularly in Indore and Bhopal—with an average ticket size of Rs 4 million. Similar demand is anticipated in the newly added locations of Pithampur and Ratlam.Last year, the company crossed Rs 10 billion in disbursements outside South India. It currently operates over 150 branches across the country.News source: The Week

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?