Sundaram Home Expands in Karnataka, Sets ₹900 Crore Disbursement Target.

Sundaram Home Finance is strengthening its footprint in Karnataka with the launch of a new branch in Tumkur, aiming for disbursements of around ₹900 crore in the State during the current financial year.

The Tumkur branch marks the company’s second expansion into tier 2 cities in Karnataka, following the opening of its Belagavi branch in September 2023. With this addition, the company now operates 18 branches across the State, including in key cities such as Mysore, Mangalore, and Hubli.

"Tumkur is emerging as an industrial hub along the Chennai-Bengaluru Industrial Corridor. Its growing base of MSMEs and large industrial units offers a strong opportunity, especially among salaried and self-employed segments," said D Lakshminarayanan, Managing Director, Sundaram Home Finance.

HBL