Sundaram Home Finance Expands Reach in Madhya Pradesh with Second Indore Branch

Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd., has opened its second branch in Indore, Madhya Pradesh, aiming to disburse Rs 225 crore this year. The company is expanding its presence beyond South India, targeting key markets and offering opportunities in home finance and working capital funding for SMEs.

Sundaram Home Finance has broadened its footprint in Madhya Pradesh with the launch of a second branch in Indore. The company aims to disburse Rs 225 crore in the state this year.

Headquartered in the city, Sundaram Home Finance has been incrementally increasing its reach beyond the southern market, debuting in Maharashtra last month and Rajasthan this April.

Currently, in addition to the new Indore outlet, Sundaram Home Finance operates a branch in Bhopal. Managing Director D Lakshminarayanan emphasized the importance of Madhya Pradesh as a key market, noting ample growth opportunities in residential properties and SME funding.

(With inputs from agencies.)