Business EconomyPosted at: Feb 25 2025 1:13PM


SHF aims to double EB disbursements in 12 months

Chennai, Feb 25 (UNI) After witnessing a steady growth in the initial phase in the Emerging Business (EB) segment, Sundaram Home Finance (SHF) is now looking to enter the next phase of growth and is targetting to double its disbursements in this segment to over Rs. 400 crores over the next 12 months.
The EB comprises of small business loans of up to Rs. 20 lakhs to small shops and businesses and affordable housing finance where the company provides loans of up to Rs. 35 lakhs.
Having established over 40 branches in TN in the EB segment, it recently expanded into Andhra Pradesh with the opening of five new branches. As part of next phase of growth, the company has plans to foray into Telangana.
Company MD D. Lakshminarayanan said “We have been through three different phases in the EB segment. In the initial phase, we were in start-up mode trying to understand the new market segment and the customers in TN. In phase two, we expanded our branch network penetrating deep into
small towns in the state and now we are now moving into a growth phase expanding our presence outside TN.”
On the growth plans for the EB segment, he said, “Our immediate plan is to stabilise and strengthen the branch network in TN and AP and register good growth through the existing branches in these two states. After we consolidate our current branch network in TN and AP, we expect the next set of branches to come up faster. Into the next phase of growth in the EB segment, we will look to expand into Telangana.”
“We believe that the EB segment has solid potential to grow. We have crossed the Rs.200 crore mark in disbursements in the EB segment and are confident of doubling this in the next 12 months”, he said.
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