Sundaram Home Finance Limited is a non-banking financial company that provides housing finance and related services in India. The company operates in the financial services industry, which is a key sector of the Indian economy.
Sundaram Home Finance provides home loans, loan against property, and construction finance to individuals and businesses. The company also offers other financial services, such as insurance, fixed deposits, and savings accounts.
The future of Sundaram Home Finance depends on its ability to grow its loan portfolio while maintaining a healthy credit quality, managing interest rate risks, and adapting to changing market conditions. The Indian housing finance market is expected to grow in the coming years, driven by increasing demand for affordable housing and government initiatives to support the sector.
In terms of revenue and profit, Sundaram Home Finance reported a revenue of INR 1.38 billion (approximately USD 18.5 million) and a net income of INR 185.8 million (approximately USD 2.5 million) for the fiscal year 2020-21. The company has a strong asset base and capital adequacy, which provides a solid foundation for future growth.