PERFORMANCE HIGHLIGHTS Q1FY22 CONTENTS
01 02 03 04 05 Overview of Financial results & Key trends in financial Consolidated results More about Sundaram Finance performance performance Sundaram Finance
2 01 Overview of Sundaram Finance
3 OUR VISION, MISSION AND PHILOSOPHY
Service
Vision P G Mission To be the most respected NBFC To deliver the “Sundaram in the country experience” to all our customers, Q big and small, in keeping with the ethos of the company
Growth Quality Profitability
4 THE SUNDARAM WAY
Service Fair play Humility To be of service even when To stand for fair play when the To realise that humility is the time is against you odds are stacked against you greatest virtue
Discipline Honesty Openness To know that discipline is To believe that honesty is the To be open to scrutiny, anywhere, your ally in all situations only policy anytime
Prudence Integrity Relationships To be the voice of prudence To put integrity about To know that we are not merely the in the midst of chaos all else holders of people’s money; but more importantly the custodians of their trust
5 THE SF GROUP
AUM Branches Employees Customer count
29,823 597 4,191 530,847
6,971 158 2,320 27,13,325 Joint Venture with Ageas Insurance International NV
9,038 107 760 39,894 100% subsidiary
42,621 85 359 10,20,766 100% subsidiary
Group 88,453 947 7,630 43,04,832
6 STRATEGIC SOURCES OF DISTINCTIVENESS
67-year heritage of trust Pioneer of hire-purchase Diversified financial services Lending business focused on the and prudence finance in India group across lending, general underserved but aspiring Indian insurance, home finance and entrepreneur (road transport asset management with total operator, infrastructure contractor, AUM of nearly Rs.90,000 cr. small farmer, MSME owner)
Legacy of deep customer Technology-enabled and Consistent best-in-class connect and loyalty with data-powered approach to asset quality performance over 85% renewal rate a high-touch customer over decades across offerings approach
7 PRODUCT OFFERINGS
Asset Finance Commercial lending Working capital finance Distribution
• Cars • Leasing • Diesel • General insurance • Commercial vehicles • NBFC • Insurance • Home loans • Construction equipment • SME • Tyre • Investment services • Tractors and farm equipment • Supply chain financing • Life insurance • Used vehicles • Mutual funds
8 SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS
₹ in Crore Receivables Under Management
35,088 35,736 33,447
28,648
24,036 20,699 18,734 17,645 18,158 15,540 12,354 10,219 8,925 9,204 7,327 4,488 5,452 2,259 2,670 3,093
Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
9 SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS
₹ in Crore PAT 1126
522 809 724 53 563 477 495 443 454 410 355 295 671 227 604 213 39 171 151 26 77 76 89 100 256 40 46 56 201 82 136 Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Exceptional item
10 SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS
₹ in Crore Market Capitalization
28,560
17,940 18,634 16,859 17,318 14,450 13,366
7,359 5,265 3,645 2,096 2,722 1,078 1,099 1,602 240 256 533 782 917
Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
11 SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS
Return on Equity % 24.5 22.8 22.1 21.4 20.7 21.2 19.7 18.4 17.6
15.2 14.3 13.7 14.0 13.7 13.8 12.6 11.9 11.0 9.9 8.6
Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
12 02 Financial results & performance
13 OVERALL HIGHLIGHTS OF FINANCIAL PERFORMANCE
As of 30th June 2021
AUM Gross Stage 3 Cost-to-income ROA ROE ₹29,823 Crores 4.25% 31.5% 2.2% 12.2%*
1% growth 2.44% 31.6% 1.9% 11.7% over Jun 20 in Jun 20 in Q1FY21 in Q1FY21 in Q1FY21
*Core ROE (excluding investments in subsidiaries) at 16.7% vs. 16.4%
14 HIGHLIGHTS – GROWTH
Growth in disbursements was strong as economic activity continued on account of staggered lockdowns in Q1 FY22 compared to a national lockdown in Q1 FY21
Disbursements for Q1FY22 recorded a growth of 122% to Pursuant to RBI’s notification on Resolution Framework 2.0 related of ₹2,060 crores as compared to ₹929 crores registered in the advances to customers, assets totaling ₹88 crores, about 0.31% of corresponding quarter of the previous year. principal outstanding, were restructured in June 2021. The total restructured assets were ₹1,395 crores, about 4.87% of principal outstanding as on 30th June 21.
The assets under the management stood at ₹29,823 crores as on The restructuring has been targeted at sectors and segments severely 30th June 2021 as against ₹29,580 crores as on 30th June 2020. impacted by the Covid-19 pandemic: Education (school bus operators), transportation (staff and route bus operators), travel/tourism (tour operators, taxi operators) and market-load operators amongst commercial vehicles who have been hit by lack of demand for their services as well as rising fuel prices
15 HIGHLIGHTS – QUALITY
Our asset quality remained best-in-class in the industry on account of our traditionally tight credit filters, strong customer relationships and our thrust enabling collections through digital payment modes.
Gross stage III assets as on 30th June 2021 stood at 4.25% with Gross NPA as on 30th June 2021 stood at 4.59% when compared 27% provision cover as against 2.44% with provision cover of 40% to 2.78% as on 30th June 2020 as on 30th June 2020, primarily due to the Wave 2-related lockdowns impacting economic activity, increased financial burden faced by customers due to Covid-driven healthcare expenditures and the restrictions placed by the company on staff to work from home through much of the quarter.
Net stage III assets as of 30th June 2021 closed at 3.12% as against Net NPA as on 30th June 2021 stood at 3.38% when compared to 1.48% as on 30th June 2020 1.79% as on 30th June 2020
16 HIGHLIGHTS – PROFITABILITY
Profit growth was robust, enabled by growth in disbursements, our asset quality and tight control of costs
Cost to income closed at 31.5% in Q1FY22 as against 31.6% in Return on assets (ROA) for Q1FY22 closed at 2.2% as against 1.9% for Q1FY21. Q1FY21. For FY21, ROA was at 2.3%.
Profit after tax registered a 16% rise in Q1FY22, with net profit at Return of equity (ROE) was at 12.2% for Q1FY22 as against 11.7% for ₹192 crores as against ₹166 crores in Q1FY21 Q1FY21. If we exclude investments in subsidiaries and group companies, core ROE was at 16.7% for Q1FY22 as against 16.4% for Q1FY21
17 PROFIT & LOSS STATEMENT
₹ in Crore
FY21 Particulars Q1FY21 Q1FY22
3,917.00 Revenue From Operations* 940.64 941.35 60.46 Other Income 3.26 5.49 3,977.46 Total Revenue 943.90 946.84
2,030.73 Finance cost 523.46 458.53 574.37 Operating expenses 140.73 149.97 316.06 Impairment 60.71 85.20 2,921.16 Total Expenses 724.90 693.70 1,056.30 Profit Before Tax 219.00 253.14 809.05 Profit After Tax 165.68 191.58
*Revenue from operations is net of depreciation on operating lease.
18 BALANCE SHEET
₹ in Crore
31-Mar-21 Particulars 30-Jun-20 30-Jun-21
Equity and Liabilities
28,724.24 Financial Liabilities 28,781.88 27,403.81 48.77 Non-Financial Liabilities 42.57 43.99
6,179.45 Equity 5,742.63 6,372.46 34,952.46 Total – Equity and Liabilities 34,567.08 33,820.26 Assets
34,182.51 Financial Assets 33,880.41 33,056.69
769.95 Non-Financial Assets 686.67 763.57
34,952.46 Total – Assets 34,567.08 33,820.26
19 03 Key trends in financial performance
20 FINANCIAL SUMMARY
₹ in Crore Receivables Market Year Paid-up Capital Networth Disbursements PAT Dividend % Under Management Capitalisation
Mar-11 55.55 1,530 7,592 12,354 295.23 140 2,722 Mar-12 55.55 1,789 9,433 15,540 355.45 155 3,645 Mar-13 *111.10 2,087 9,991 17,645 410.11 90 5,265 Mar-14 111.10 2,405 9,719 18,158 442.51 100 7,359 Mar-15 111.10 2,978 10,012 18,734 454.14 105 16,859 Mar-16 111.10 3,313 11,444 20,699 477.28 110 14,450 Mar-17 111.10 3,746 13,218 24,036 **495.35 115 17,940 Mar-18 111.10 4,134 15,712 28,648 563.44 120 18,634 Mar-19 111.10 5,044 17,170 33,447 @604.04 #175 17,318 Mar-20 111.10 5,547 15,175 35,088 723.95 130 13,366 Mar-21 111.10 6,179 11,742 35,736 809.05 180 28,560
Jun-20 111.10 5,743 929 34,651 165.68 - 16,132 Jun-21 111.10 6,372 2060 34,268 191.58 - 29,716
*Increase in Capital by way of 1:1 bonus issue, **Adjusted for demerger ₹460.57 Cr, #Includes special dividend of 50%. @Excludes exceptional item, Market Capitalisation is on the last day of respective period ends. 21 DISBURSEMENTS AND AUM
₹ in Crore
Disbursements AUM 17,170 15,712 30,882 15,175 29,936 29,823 28,984 2.7% 29,580 4.6% 2.4% 13,218 4.8% 4.4% 11,742 24,964 10.6% 20,735
24.8% 97.3% 97.6% 95.2% 95.4% 95.6% 89.4%
2,060 75.2% 929
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21
Growth 15.5% 18.9% 9.3% -11.6% -22.6% -78.9% 121.7% Growth 15.9% 20.4% 16.1% 3.3% 3.2% -1.3% 0.8%
On Books Assigned / Securitised
22 DISBURSEMENTS
Q1FY21 Q1FY22
2.5% 3.0% CVs 11.6% 24.0% 26.0% Cars
12.7% 43.0% ₹929 Cr. ₹2,060 Cr. Construction Equipment Asset wise Tractors 22.4% 25.1% 29.7% Others
8.8% 5.2%
South 8.6% 14.1% North 47.4% ₹929 Cr. 52.2% ₹2,060 Cr. West Region wise 30.4% 33.3% East
23 AUM
Jun-20 Jun-21
5.6% 9.2% 6.4% 7.7% CVs
10.8% Cars 11.3% ₹29,823 Cr. 46.9% ₹29,580 Cr. 52.7% Construction Equipment Asset wise 24.5% 24.9% Tractors
Others Used Vehicles – 16.3% Used Vehicles – 14.8%
3.9% 4.2%
South 12.8% 12.3% North
20.0% ₹29,580 Cr. ₹29,823 Cr. 22.2% West Region wise 63.3% 61.3% East
24 PORTFOLIO QUALITY
Stage III % Stage III % (Net of ECL)
4.25% 3.12%
2.47% 2.44% 1.65% 1.84% 1.48% 1.54% 1.27% 1.33% 1.01% 0.83% 0.66% 0.55%
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21
Stage III % - is as per IGAAP as on 31st Mar 17
25 FUNDING MIX
₹ 19,373 Cr. ₹ 24,085 Cr. ₹ 26,673 Cr. ₹ 29,007 Cr. ₹ 29,251 Cr. ₹ 29,887 Cr. ₹ 27,836 Cr. 3.4% 2.5% 8.3% 7.7% 7.4% 4.9% 18.3% 11.6% 14.3% 10.9% 13.2% 13.0% 15.3% 11.3% 12.4% 20.4% 9.8% 15.1% 24.2% 16.7% 19.9% 18.4% 28.2% 14.9% 25.4% 16.7% 19.9% 7.0%
52.0% 51.6% 45.7% 49.6% 39.2% 34.1% 36.7%
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21
Debentures Bank Borrowings* Securitisation Deposits Commercial Paper
* Includes a) Term loans b) Commercial Papers and demand loans availed against the sanctioned limits.
26 PAT & ROA
₹ in Crore
Profit after Tax Return on Assets - %
1,126
522 809 2.3 724 2.2 2.2 2.2 53 2.0 # 2.0 # 563 1.9 495
604 671 166 192
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21 EPS (₹) 44.6 50.7 101.4 65.2 72.8 14.9 17.2
Exceptional Item # adjusted for exceptional item
27 NET WORTH
Net worth
6,372 6,179 5,743 5,547 5,044
4,134 3,746
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21
Book Value 337.1 372.1 454.0 499.3 556.2 516.9 573.6 (₹)
28 LEVERAGE AND CAPITAL ADEQUACY
Leverage Capital adequacy
23.5% 5.1 22.1% 5.0 4.9 4.9
4.6 19.4% 18.4% 17.9% 18.0% 4.2 17.7%
3.7
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21
29 04 Consolidated results
30 CONSOLIDATED RESULTS
₹ in Crore
Profit after Tax Net Worth
1,161 1,165 8,082 7,730 7,021 6,677 792 6,259 730 683 5,649 4,809
269 285
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-20 Jun-21
Book EPS (₹) 61.5 66.3 105.4 71.9 105.7 24.4 25.9 Value 432.9 513.0 568.3 606.1 701.6 637.3 733.5 (₹)
31 CONSOLIDATED RESULTS
₹ in Crore
Particulars Share of Net Worth Share in Profit
30-Jun-20 30-Jun-21 Q1FY21 Q1FY22 Sundaram Finance Ltd. 5,742.63 6,372.46 165.68 191.58 Subsidiaries: Sundaram Finance Holdings Ltd. (Consolidated) 395.87 647.07 (2.14) 6.82 Sundaram Asset Management Company Ltd. (Consolidated) 205.14 258.58 7.12 19.33 Sundaram Home Finance Ltd. 1,462.10 1,598.67 33.94 40.04 Sundaram Fund Services Ltd. 36.93 37.09 0.20 0.25 Sundaram Trustee Company Ltd. 1.34 1.86 0.16 0.22 LGF Services Ltd. 3.50 3.53 0.04 0.02 Sundaram Finance Employees Welfare Trust 16.15 17.48 (0.01) 0.53 Joint Control Entities Royal Sundaram General Insurance Co. Ltd. 665.02 751.69 78.72 41.63
Adjustment arising out of Consolidation (1,507.34) (1,606.83) (14.45) (14.94) Total 7,021.34 8,081.60 269.26 285.48
32 SUNDARAM HOME FINANCE
31-Mar-21 Particulars 30-Jun-20 30-Jun-21
1,254 Disbursements (₹ in Crore) 100 249 76.1% Housing 93.0% 84.7% 23.9% Non-Housing 7.0% 15.3% 9,173 AUM (₹ in Crore) 9,653 9,038 70.0% Housing 69.5% 70.4% 30.0% Non-Housing 30.5% 29.6% 192 PAT (₹ in Crore)* 34 40 18.93 EPS (₹) 13.41 15.82 1,559 Net worth (₹ in Crore) 1,462 1,599 153.94 Book Value (₹) 144.40 157.89 4.48% Stage III assets % 5.05% 7.60% 1.09% Stage III assets % (net of ECL) 1.67% 4.79% 24.9% CAR – As per Regulation 23.5% 26.3% 108 Branches 115 107 784 Employees 825 760
*PAT for FY 20-21 includes a onetime exceptional item of ₹60.25 Cr on account of write back of deferred tax liability on special reserve.
33 ROYAL SUNDARAM
31-Mar-21 Particulars 30-Jun-20 30-Jun-21
2,883 Gross Written Premium (₹ in Crores) 610 665
313 PAT (₹ in Crores) 157 83
26 Other Comprehensive Income (Net of Taxes) 83 (8)
339 Total Comprehensive Income 240 75
1,429 Net worth (₹ in Crores) 1,330 1,503
110% Combined Operating Ratio 102% 118%
2,323 Employees 2,389 2,320
34 SUNDARAM ASSET MANAGEMENT
31-Mar-21 Particulars 30-Jun-20 30-Jun-21
41,196 AUM (₹ in Crores) 33,531 42,621
31,709 Equity (₹ in Crores) 24,315 34,214
9,487 Debt (₹ in Crores) 9,216 8,407
55 PAT (₹ in Crores) 9 26
254 Net worth (₹ in Crores) 205 258
359 Employees 386 359
10,24,674 Retail Investors 10,86,976 10,20,766
35 05 More about Sundaram Finance
36 SHAREHOLDING PATTERN
30-Jun-20 30-Jun-21 Top institutional shareholders As of 30th June 2021
Name of Shareholder Share %
Axis Mutual Fund Trustee Ltd. 4.31 Nalanda India Equity Fund Ltd. 3.78 35.6% 35.9% 37.6% 35.9% IMPAL 2.61 Bright Star Investments Pvt. Ltd. 2.37 HDFC Life Insurance Company Ltd. 1.82 United India Insurance Company Ltd. 1.41 Pari Washington India Master Fund Ltd. 1.35 3.7% 4.3% 6.7% 7.2% Damani Estate and Finance Pvt. Ltd. 0.93 15.5% 17.6% Sundaram Finance Employees Welfare Trust 0.83 Vanguard Emerging Markets 0.78
Promoters Mutual Funds & AIFs FIIs/FPIs and NRIs
Banks, Financial Institutions & Insurance Companies Public
37 BRANCH NETWORK
30-Jun-20 30-Jun-21
41 40 64 64
337 323 168 170
No. of Branches: 610 No. of Employees: 4,208 No. of Branches: 597 No. of Employees: 4,191
South North West East
38 CREDIT RATINGS
Instrument ICRA CRISIL
Deposits AAA (Stable) AAA (Stable)
Debentures AAA (Stable) AAA (Stable)
Subordinated Debentures AAA (Stable) AAA (Stable)
Long Term Loans AAA (Stable) AAA (Stable)
Working Capital Facilities AAA (Stable)
Commercial Paper A1+ A1+
Short Term Loans A1+
39 SHARE PRICE MOVEMENT
Indexed share price and Nifty from March 2017
171.37
165.64
Jun-21 Jun-17 Jun-18 Jun-19 Jun-20
Mar-21 Mar-17 Mar-18 Mar-19 Mar-20
Dec-17 Dec-18 Dec-19 Dec-20
Sep-17 Sep-18 Sep-19 Sep-20
SFL Closing Share Price S & P CNX Nifty
Share price movement after 1st Feb 2018 is post demerger of Sundaram Finance Holdings Limited
40 SUBSIDIARIES, JOINT VENTURES & ASSOCIATES
Subsidiaries Joint Venture
• Sundaram Home Finance Limited • Royal Sundaram General Insurance Co. Limited • Sundaram Finance Holdings Limited • Sundaram Business Services Limited • Sundaram Asset Management Company Limited Associates of a Subsidiary Company • Sundaram Asset Management Singapore Pte. Limited • Axles India Limited • Sundaram Hydraulics Limited • Sundaram Trustee Company Limited • Wheels India Limited • Flometallic India Private Limited • Sundaram Alternate Assets Limited • Turbo Energy Private Limited • Dunes Oman LLC (FZC) • Sundaram Fund Services Limited • Transenergy Limited • Mind S.r.l. • LGF Services Limited • Sundaram Dynacast Private Limited
41 BOARD OF DIRECTORS
Sri S Viji Sri S Ram Sri Raghuttama Rao Raghavendra Chairman Non-executive Director Independent Director
Has over 5 decades of experience in Banking, Has over 5 decades of work experience in Vehicle Has over 3 decades of work experience spanning Finance, Insurance and Automotive Component and Component Industry . He is the Chairman of Manufacturing, Financial Markets, Public Policy and Manufacturing Industry. He is the Managing Director Wheels India Ltd, Axles India Ltd. and India Motor Management Consulting. Currently CEO of GDC at of Brakes India Private Limited. Parts & Accessories Ltd. IIT Madras. Formerly, MD of IMaCS and Joint Managing Director of ICRA. B.Com. BE (Mechanical) ACA MS (Production Engineering) B.Tech. (Mech. Engg.) – IIT Madras MBA (University of Michigan, USA) (Birmingham University, UK) CMA – ICWAI P.G.D.M. – IIM Ahmedabad
Sri P N Venkatachalam Sri S Mahalingam Sri S Prasad Independent Director Independent Director Independent Director
Has nearly 4 decades of experience in Banking, 4 decades of experience in Finance and Information Has more than a decade of experience in industry as Finance and Capital Markets. Formerly Managing Technology. Formerly Chief Financial Officer and finance professional and 38 years as a practicing Director of State Bank of India. Executive Director of Tata Consultancy Services. Chartered Accountant.
MA (Economics), CAIIB B.Com. (Honours) FCA FCA
42 BOARD OF DIRECTORS
Sri L Ganesh Ms Shobhana Ramachandhran Sri T T Srinivasaraghavan Independent Director Independent Director Non-executive Director
Has over 44 years of Industrial experience in and 3 decades of experience in General Management Has over 4 decades of experience in Banking and overall management of the companies. He is the and automobile industry. She is the Managing Director Financial Services. He was the Managing Director of Chairman of the Rane Group, one of the of TVS Srichakra Limited. the company for 18 years and laid down his office acknowledged leaders in the auto component industry recently in Mar 21. since 2006. MA (English Literature) B.Com. MBA((Pennsylvania State University, USA) MBA (Gannon University, Pennsylvania) ACA
Sri Harsha Viji Sri Rajiv C. Lochan Sri A N Raju Executive Vice Chairman Managing Director Deputy Managing Director
Has more than 2 decades of experience in areas of Has 2.5 decades of experience in the field of 3 decades of experience in the Automobile, specialisation particularly, strategy formulation, joint management especially in the areas of finance, Engineering, Finance and General Management. venture negotiations, new business development. social sector, and public health. Formerly MD & CEO Formerly with GE Capital & SRF Group. Formerly with McKinsey & Company and of The Hindu Group and Partner at McKinsey & PriceWaterhouse Company. BSc (Engineering) MBA B.Com. B.Tech. (IIT) ACA MS (MIT) MBA (Ann Arbor, Michigan) MBA (Columbia Business School)
43 KEY MANAGERIAL PERSONNEL
Sri M. Ramaswamy Sri P. Viswanathan Chief Financial Officer Company Secretary & Compliance Officer
He has over 35 years of experience in the Company. He is the Chief He has over 45 years of experience in the Company/Group. He became the Financial Officer of the Company from Sep 2011. He is responsible for the Company Secretary and Compliance Officer of the Company from Sep 2011. He Treasury Management, Financial Planning & Accounting, Taxation and is responsible for statutory compliance in respect of all laws and regulations Regulatory Compliance. He is a member of the Risk Management applicable to the Company, including Company Law, SEBI and RBI. He liaisons Committee and Asset Liability Management of the Company. with the Board Members in connection with all Board related actions in the Company. He was Chairman of the Expert Committee on Company law of B.Sc. (Statistics) Madras Chamber of Commerce and Industry and is a Committee Member of ACA Finance Companies Association of India.
B.Com FCS
44 This document is for information purposes only and is not and does not form part of an invitation/ offer/advertisement/advise to purchase or sell any securities of the Company. The materials and information contained in the document are prepared by the Company and are correct and accurate, to the best of our knowledge. No information contained herein has been independently verified by anyone else or approved by any regulatory authorities. No warranty is given as to their accuracy and the company does not accept any responsibility and shall not be liable for any direct or indirect loss caused, arising from and/or use of this document. Forward-looking statements, if any, are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant statement. The contents of the website are subject to changes and reviews from time to time without notice. By accessing the site, you are deemed to accept the disclaimer clause.
Shri M Ramaswamy Shri P Viswanathan Chief Financial Officer Secretary & Compliance Officer Sundaram Finance Limited Sundaram Finance Limited 21, Patullos Road 21, Patullos Road Chennai – 600002 Chennai – 600002
044 – 28881341 044 – 28881207 [email protected] [email protected]
45