Latest news with #SundaramHomeFinance
The Hindu
13 hours ago
- General
- The Hindu
Rotarian's effort brings hope in 14 tribal families in Kodaikanal
For Mallika, born in a Tribal family, she lived in a 'home' all these years covering the roof with a plastic sheet and four bamboo sticks acted as the 'pillars'. Today, June 22 is an unforgettable day for her as she has got a home, in the true sense - a concrete roof with a carpet area measuring 150 square feet consisting of a hall and an attached bathroom with electricity. Each unit cost Rs 5 lakh and the total project stood at ₹70 lakh. Mallika is not the lone beneficiary. Thirteen others too are lucky to have their own homes in their names. How it all happened About a few years ago, Rajkumar Raman, a Rotarian living in Kodaikanal got a spark to help these families after visiting the tribal habitation at Valaigiri, 30 km away from upper Kodaikanal. Living in extreme conditions under the plastic sheet with total exposure to the eco-system and frequent threats from wild animals, he explored the modalities since then. Contacting his friends and philanthropists, Mr Rajkumar, chairman of the 'Rama Vanam' - Rotary Model Tribal Village project - shared about his plans to build 14 concrete homes. As the response was positive and encouraging, he ventured upon the 'dream' project in June 2022 with a 'bhoomi puja'. Sharing his experience, he said it all started over a chance conversation with a past District Governor Jawaharilal Jain, which was the spark and opened his eyes to the struggles of the nomadic tribes. 'The living conditions were quite challenging for these tribal people. They lived in fragile, makeshift tents or under plastic sheets supported by wooden logs — without proper walls, doors, or safety, which they had to share with cattle. Many elderly persons, women, and children were compelled to endure the winters in these temporary shelters which provided little to no protection from the severe cold due to the region's high altitude. The harsh reality of men sleeping on rocks outdoors and women huddled in makeshift tents highlighted the urgent need for safe and dignified housing...' he added. The 14 families lived in a small space in Valaigiri and when Mr Rajkumar approached a landlord in the vicinity, he readily agreed to part with two cents of land each to the 14 tribal families out of his 30 acres of land. Once, he got it materialised, the then Revenue Divisional Officer S. Murugesan was instrumental in getting the documents finalised directly in the name of the 14 beneficiaries. Rotary District Governor R. Raja Govindasamy, who was the chief guest, handed over the keys to the beneficiaries at a function organised on Sunday. He lauded the role played by Mr. Rajkumar as a milestone achievement by a Rotarian. ' A first of its kind being done by an individual needs to be appreciated as it would motivate several others to follow Mr Rajkumar...' he added. Offering felicitation, Sundaram Home Finance MD Lakshminarayanan said that after having seen the dwellings of the tribal people earlier in Valaigiri, the initiative by Mr. Rajkumar has given a new meaning to the beneficiaries, who would really live in their homes. Sharing similar thoughts, K.S. Nagaraj Setty from Mumbai, who contributed for the project, said that he would be eager to help the children here for their higher education as well. Motivational speaker and former SP Kaliamoorthy inspired the members with his splendid talk on the need for philanthropy. Thanking the donors and Mr. Rajkumar, Mallika, spoke on behalf of the beneficiaries. She said it was an emotional moment to have our homes in our names. Many Rotary Club Kodaikanal president D. Rajkumar, secretary Leslie, treasurer Rohan Sam Babu and among others participated.
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Business Standard
07-06-2025
- Business
- Business Standard
Sundaram Home crosses ₹1,000 cr in disbursements from non-south markets
Sundaram Home Finance which has been expanding its presence beyond Southern markets has reached a milestone of breaching Rs 1,000 crore mark in its disbursements made in non-south markets in FY 2024-25, a top official said. Sundaram Home Finance is a wholly-owned subsidiary of Sundaram Finance Ltd. It provides home loans, plot loans, loans against property and business loans to traders and retailers. The city-headquartered company, a traditional player in south India, has expanded its presence in Maharashtra, Rajasthan and Madhya Pradesh. It also entered into the Chhattisgarh market. For the financial year ending March 31, 2025, Sundaram Home Finance made disbursements of Rs 6,517 crore (including south and non-south markets) which was up by 29 per cent from Rs 5,039 crore disbursements made in the same period of previous financial year (FY2023-24). With the growing presence in the country, the contribution from non-south geographies has doubled in the last couple of years to about 20 per cent of the overall disbursements made by the company, a statement from the company said on Saturday. "We have identified specific pockets of growth opportunities in markets outside South India and this served well for us. Disbursements in the prime home finance segment crossing Rs 1,000 crore last (financial) year in the non-southern market is an important milestone in our growth journey and is a testament to our strategic focus of spreading our wings across the country," the company's MD D Lakshminarayanan said. The opening of new branches and strengthening presence in existing locations including adding people have contributed to the over 50 per cent year-on-year growth in disbursements in the non-south geographies, he said. For the current financial year, the company expects to make disbursements of Rs 1,500 crore from the non-south market. "The focus this year will be on strengthening our presence in locations where we had expanded in the last couple of years while at the same time looking for select growth opportunities in new Tier II and III towns outside South India," he said. Sundaram Home Finance currently has over 150 branches across the country.
Hans India
07-05-2025
- Business
- Hans India
Sundaram Home Fin plan Rs 6K-cr fund raising this fiscal
Chennai: Sundaram Home Finance has unveiled plans to raise over Rs 6,000 crore to accelerate its growth during the current financial year. The funds proposed to be raised would be through a mix of refinance from NHB, bank debt, debentures and fixed deposits, an official said. Sundaram Home Finance reported a 26 per cent rise in its net profit for the January-March 2025 quarter to Rs 71.57 crore from Rs 56.80 crore registered in the corresponding quarter of last financial year. Disbursements made during the quarter under review stood at Rs 1,929 crore as against Rs 1,469 crore registered in the corresponding quarter of last financial year. The Assets Under Management during the financial year ending March 31, 2025 went up to Rs 17,470 crore from Rs 13,812 crore registered in the year ago period.
Business Standard
07-05-2025
- Business
- Business Standard
Sundaram Home Finance standalone net profit rises 26.00% in the March 2025 quarter
Sales rise 10.29% to Rs 423.60 crore Net profit of Sundaram Home Finance rose 26.00% to Rs 71.57 crore in the quarter ended March 2025 as against Rs 56.80 crore during the previous quarter ended March 2024. Sales rose 10.29% to Rs 423.60 crore in the quarter ended March 2025 as against Rs 384.09 crore during the previous quarter ended March 2024. For the full year,net profit rose 3.74% to Rs 244.66 crore in the year ended March 2025 as against Rs 235.83 crore during the previous year ended March 2024. Sales rose 13.52% to Rs 1585.21 crore in the year ended March 2025 as against Rs 1396.41 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 423.60384.09 10 1585.211396.41 14 OPM % 81.7877.82 - 81.9082.68 - PBDT 95.3278.58 21 334.03325.34 3 PBT 88.8673.82 20 311.32308.20 1 NP 71.5756.80 26 244.66235.83 4
United News of India
06-05-2025
- Business
- United News of India
SHF Q4 net profit up 26 pc
Chennai May 6 (UNI) Sundaram Home Finance (SHF) has registered a 26% rise in its Net Profit for the Q4 ended March 31, 2025 at Rs. 71.57 crores as compared to Rs. 56.80 crores registered in the corresponding quarter of the previous year. Driven by growth in small towns, disbursements for Q4 went up 31% to Rs.1929 crores compared to Rs. 1469 crores in the same period last year. For the full year ended March 31, it registered a 4% increase in its net profit at Rs. 244.66 crores compared to Rs. 235.82 crores registered in the corresponding period of the previous year. Disbursements for the full year went up 29% to Rs. 6517 crores as compared to Rs. 5039 crores, a company release said here today. Company MD D. Lakshminarayanan said, 'In line with our growth strategy of penetrating deep into smaller towns, we focused on Tier 2 and 3 towns for expansion last year. In our 25th year of operations, we have been able to register strong disbursements growth of around 30% driven by our push in small towns and expansion of our branch network across the country.' To fund its growth plans, the company plans to raise over Rs. 6000 crores this year through a mix of refinance from NHB, Bank Debt, Debentures and Fixed Deposits, he said. UNI GV 1745
