SUNDARMFINNSE6 February 2023

Sundaram Finance Limited has informed the Exchange about Investor Presentation

Sundaram Finance Limited

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PERFORMANCE HIGHLIGHTS

9M FY23

CONTENTS

Overview of Sundaram Finance

Financial results & performance

Key trends in financial performance

Consolidated results

More about Sundaram Finance

01 Overview of Sundaram Finance

OUR VISION, MISSION AND PHILOSOPHY

Service

Vision

To be the most respected NBFC in the country

Mission

To deliver the “Sundaram experience” to all our customers, big and small, in keeping with the ethos of the company

Growth Quality Profitability

THE SUNDARAM WAY

Service To be of service even when time is against you

Discipline To know that discipline is your ally in all situations

Prudence To be the voice of prudence in the midst of chaos

Fair play To stand for fair play when the odds are stacked against you

Humility To realise that humility is the greatest virtue

Honesty To believe that honesty is the only policy

Openness To be open to scrutiny, anywhere, anytime

Integrity To put integrity about all else

Relationships To know that we are not merely the holders of people’s money; but more importantly the custodians of their trust

THE SF GROUP

AUM

33,558

7,744

10,564

56,791

Branches

Employees

Customer count

652

161

114

4,656

2,424

1028

377

5,30,338

33,77,529

40,605

14,19,082

Joint Venture with Ageas Insurance International NV

100% subsidiary

Group

1,08,657

1,012

8,485

53,67,554

STRATEGIC SOURCES OF DISTINCTIVENESS

68-year heritage of trust and prudence

Pioneer of hire-purchase finance in India

Diversified financial services group across lending, general insurance, home finance and asset management with total AUM of over Rs. 1,00,000 cr.

Lending business focused on the underserved but aspiring Indian entrepreneur (road transport operator, infrastructure contractor, small farmer, MSME owner)

Legacy of deep customer connect and loyalty with 80% renewal rate across offerings

Technology-enabled and data-powered approach to a high-touch customer approach

Consistent best-in-class asset quality performance over decades

PRODUCT OFFERINGS

Asset Finance

Commercial lending

Working capital finance

Distribution

• Cars

• Commercial vehicles

• Construction equipment

• Leasing

• NBFC

• SME

• Diesel

•

Insurance

• Tyre

• Tractors and farm equipment

• Supply chain financing

• Sundaram Credit Line

• Used vehicles

• General insurance

• Home loans

•

Investment services

• Life insurance

• Mutual funds

SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS

Receivables Under Management

₹ in Crore

35,088 35,736

33,774

33,447

28,648

24,036

20,699

17,645 18,158 18,734

15,540

12,354

7,327

4,488

5,452

2,670

3,093

8,925

9,204 10,219

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 Mar-22

SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS

PAT

171

100

213

151

443

410

454 26

477 41

563

495

436

495

295

355

227 26

256

355

₹ in Crore

1,126

522

809

903

724 53

671

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 Mar-22

Exceptional item

SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS

Market Capitalization

28,560

₹ in Crore

21,560

17,940 18,634

17,318

16,859

14,450

13,366

256

533

782

1,078 1,099 1,602

917

2,096 2,722

7,359

5,265

3,645

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 Mar-22

SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS

22.8

22.1

18.4

13.7

12.6

11.9

11.0

9.9

Return on Equity %

20.7

21.4

21.2

19.7

17.6

24.5

15.2

14.0

14.3

13.7

13.8

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 Mar-22

02 Financial results & performance

OVERALL HIGHLIGHTS OF FINANCIAL PERFORMANCE

As of 31st December 2022

AUM

Gross Stage 3

Cost-to-income

₹33,558 Crores

2.43%

32.23%

ROA

2.8%

ROE

14.2%*

12.6% up from Dec 21

3.39% in Dec 21

29.96% in 9MFY22

2.3% in 9MFY22

12.5% in 9MFY22

*Core ROE (excluding investments in subsidiaries) at 17.0% vs. 16.2%

120% interim dividend (₹ 12 per share) declared

14 14

HIGHLIGHTS – GROWTH OF 66% IN CORE BUSINESS

Economic activity continued to improve across all segments during 9M FY23 despite global geo-political tensions and consequent inflation and monetary policy actions. Growth in disbursements was driven by sharp focus on ensuring rightful market share in all asset classes and geographies of operations. 9M FY23 disbursements are highest-ever 9M levels and grew 64% over 9M FY22.

Disbursements for 9M FY23 recorded a growth of 64% to ₹15,587 crores as compared to ₹9,524 crores registered in the corresponding period of the previous year. Adjusting for the pandemic- induced ECLGS scheme, core business disbursements grew by 66% in 9M FY23 compared to 9M FY22

Commercial vehicles, especially medium and heavy commercial vehicles, recovery continued through 9M FY23. Prospects for growth segments of Construction Equipment, Tractor & Farm Equipment as well as Commercial Lending continue to remain bright. Demand for passenger vehicles remains strong.

The assets under the management stood at ₹33,558 crores as on 31st December 2022 as against ₹ 29,796 crores as on 31st December 2021, registering a 13% increase year-on-year.

The total restructured assets under Covid package were ₹ 765 crores, about 2.3% of outstanding loans as on 31st December 2022.

HIGHLIGHTS – QUALITY CONTINUES TO REMAIN INDUSTRY BEST

Our asset quality continued to remain best-in-class with continuing improvement in collections & recovery activity. Current collections are back to pre-Covid levels and Gross Stage 3 assets continued to improve. During Q2 FY23, we have adopted, effective April 1, 2022, the tighter norms imposed by the RBI on asset classification ahead of the October 1, 2022 regulatory deadline.

Gross stage 3 assets as on 31st December 2022 stood at 2.43% with provision cover of 45% when compared to 3.39% with 39% provision cover as of 31st December 2021.

Net stage 3 assets as on 31st December 2022 closed at 1.35% as against 2.09% as on 31st December 2021.

RBI vide its circulars dated 12th November 2021 & 15th February 2022 has tightened the norms for asset classification for NBFCs. During Q2 FY 23, the Company has adopted the new norms effective 1st April 2022, ahead of the regulatory deadline of 1st October 2022. The company has prepared the financial results in accordance with the applicable Ind AS guidelines / IRACP norms and, as a matter of prudence, suitably amended its ECL model to reflect the new norms.

With the improvement in the asset quality, the impairment cost for 9M FY23 was Rs. 117 crores as against Rs. 347 crores in 9M FY22.

The Gross and Net NPA, per RBI’s tighter norms on asset classification, are 3.97% and 2.78% respectively as against 7.71% and 6.17% as of 31st December 2021.

HIGHLIGHTS – PROFITABILITY IMPROVED CONSISTENTLY

Profits after tax grew 28% over 9M FY22 due to continuing improvements in asset quality, tight control on costs, meticulous management of our cost of borrowing in a rising interest rate regime consistent with our “AAA” rating and ensuring prudent focus on asset class mix as well as customer segment mix to optimize our margin while ensuring growth and profitability

Cost to income closed at 32.23% in 9M FY23 as against 29.96% in 9M FY22.

Return on assets (ROA) for 9M FY23 closed at 2.8% as against 2.3% for 9M FY22.

Profit after tax at ₹ 772 crores in 9M FY23 crores as against ₹605 crores in 9M FY22, up by 28%; Profit after tax for Q3 FY23 up by 20% to Rs. 243 crores from Rs. 202 crores in Q3 FY22

Return of equity (ROE) was at 14.2% for 9M FY23 as against 12.5% for 9M FY22. If we exclude investments in subsidiaries and group companies, core ROE was at 17.0% for 9M FY23 as against 16.2% for 9M FY22

PROFIT & LOSS STATEMENT

₹ in Crore

FY22

Particulars

Q3 FY23

Q2 FY23

Q3 FY22

9M FY23

9M FY22

3,827.64 Revenue From Operations*

20.43 Other Income

3,848.07

Total Revenue

1,700.11

Finance cost

652.54 Operating expenses

318.52

Impairment

2,671.17

Total Expenses

1,176.90

Profit Before Tax

903.41

Profit After Tax

*Revenue from operations is net of depreciation on operating lease.

991.70

2.28

993.98

457.26

180.31

37.29

674.86

319.12

242.68

1,034.23

3.77

1,038.00

425.57

186.13

27.18

638.88

399.12

303.53

947.14

2.94

950.08

417.28

168.98

96.42

682.68

267.40

202.38

2,949.53

12.78

2,962.31

1,286.88

542.96

117.46

1,947.30

1,015.01

771.95

2,900.25

11.78

2,912.03

1,289.22

476.93

346.89

2,113.04

798.99

604.61

BALANCE SHEET

31-Mar-22

Particulars

31-Dec-22 30-Sep-22 31-Dec-21

Equity and Liabilities

28,323.23

Financial Liabilities

71.20

Non-Financial Liabilities

6,893.09

Equity

35,287.52

Total – Equity and Liabilities

Assets

34,413.89

Financial Assets

873.63

Non-Financial Assets

35,287.52

Total – Assets

30,734.62

28,758.35

27,514.49

63.68

59.24

63.41

7,557.94

7,315.24

6,709.46

38,356.24

36,132.83

34,287.36

37,314.91

35,161.74

33,429.07

1,041.33

971.09

858.29

38,356.24

36,132.83

34,287.36

₹ in Crore

03 Key trends in financial performance

FINANCIAL SUMMARY

₹ in Crore

Year

Paid-up Capital

Networth

Disbursements

Receivables Under Management

PAT

Dividend %

Market Capitalisation

Mar-12

Mar-13

Mar-14

Mar-15

Mar-16

Mar-17

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Dec-21

Dec-22

55.55

*111.10

111.10

1,789

2,087

2,405

2,978

3,313

3,746

4,134

5,044

5,547

6,179

6,893

6,709

7,558

9,433

9,991

9,719

10,012

11,444

13,218

15,712

17,170

15,175

11,742

13,275

9,524

15,587

* 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. & Interim Dividend

15,540

17,645

18,158

18,734

20,699

24,036

28,648

33,447

35,088

35,736

33,774

34,106

38,680

355.45

410.11

442.51

454.14

477.28

**495.35

563.44

@604.04

723.95

809.05

903.41

604.61

771.95

155

100

105

110

115

120

#175

130

180

200

&100

&120

3,645

5,265

7,359

16,859

14,450

17,940

18,634

17,318

13,366

28,560

21,560

25,415

25,611

DISBURSEMENTS AND AUM

Disbursements

17,170

15,712

15,175

13,275

11,742

AUM

29,936 4.6%

30,882 2.7%

29,532

1.2%

28,984 4.8%

₹ in Crore

33,558 0.4%

29,796

1.5%

95.2%

95.4%

97.3%

98.8%

98.5%

99.6%

24,964

10.6%

89.4%

15,587

5,553

9,524

3,843

5,139

3,621

2,060

4,895

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Dec-21 Dec-22

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Dec-21

Dec-22

Growth 18.9%

9.3%

-11.6%

-22.6%

13.1% 12.9% 63.7% Q3

Growth 20.4%

16.1%

3.3%

3.2%

-4.4%

-4.6%

12.6%

On Books

Assigned / Securitised

DISBURSEMENTS

Asset wise

Dec-21

4.3%

9.7%

11.4%

25.3%

₹ 9,524 Cr.

29.8%

19.5%

Used Assets – 22.8%

4.3%

14.1%

Region wise

31.5%

₹ 9,524 Cr.

50.1%

ICV, LCV and SCV as Retail CV

Dec-22

5.6%

8.0%

10.9%

30.3%

₹15,587 Cr.

26.8%

18.4%

Used Assets – 23.0%

4.6%

12.0%

₹ 15,587 Cr.

56.1%

27.3%

MHCV

Retail CV

Cars

Construction Equipment

Tractors

Others

South

North

West

East

AUM

Asset wise

Dec-21

9.3%

8.1%

28.5%

11.1%

₹ 29,796 Cr.

25.8%

17.2%

Dec-22

8.6%

8.0%

10.8%

₹33,558 Cr.

28.6%

26.3%

17.7%

Used Assets – 17.7%

Used Assets – 18.2%

4.2%

12.8%

4.5%

12.8%

Region wise

₹ 29,796 Cr.

24.4%

58.6%

₹ 33,558 Cr.

56.2%

26.5%

ICV, LCV and SCV as Retail CV

MHCV

Retail CV

Cars

Construction Equipment

Tractors

Others

South

North

West

East

PORTFOLIO QUALITY

Gross Stage 3%

Net Stage 3%

3.39%

2.43%

2.47%

2.19%

1.84%

1.27%

1.33%

1.65%

1.01%

1.07%

2.09%

1.35%

0.66%

0.83%

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Dec-21 Dec-22

FUNDING MIX

₹ 24,085 Cr.

₹ 26,673 Cr.

₹ 29,007 Cr.

₹ 29,251 Cr.

8.3%

10.9%

24.2%

19.9%

36.7%

3.4%

11.6%

20.4%

25.4%

39.2%

7.7%

13.2%

16.7%

45.7%

2.5%

14.3%

11.3%

19.9%

₹ 28,297 Cr.

0.0%

15.1%

11.0%

19.9%

52.0%

54.0%

₹ 27,635 Cr.

₹ 30,389 Cr.

3.1%

15.5%

9.8%

15.5%

56.1%

9.0%

15.2%

8.3%

22.1%

45.4%

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Dec-21

Dec-22

Debentures

Bank Borrowings*

Securitisation

Deposits

Commercial Paper

* Includes a) Term loans b) Commercial Papers and demand loans availed against the sanctioned limits.

PAT & ROA

Profit after Tax

Return on Assets - %

1,126

522

563

904

809

724 53

671

604

772

243

303

226

605

202

211

192

2.5

2.3

2.2

2.0 #

₹ in Crore

2.8

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Dec-21

Dec-22

EPS (₹)

50.7

101.4

65.2

72.8

81.3

54.4

69.5

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Dec-21

Dec-22

Exceptional Item

# adjusted for exceptional item

NET WORTH

Net worth

6,893

6,709

6,179

7,558

5,547

5,044

4,134

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Dec-21

Dec-22

Book Value (₹)

372.1

454.0

499.3

556.2

620.4

603.9

680.3

₹ in Crore

LEVERAGE AND CAPITAL ADEQUACY

Leverage

Capital adequacy

5.1

5.0

4.9

4.6

19.4%

18.4%

18.0%

4.0

24.2%

23.6%

23.3%

22.1%

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Dec-21

Dec-22

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Dec-21

Dec-22

04 Consolidated results

CONSOLIDATED RESULTS

Profit after Tax

1,161

1,165

1,173

730

792

833

289

259

285

885

333

306

246

₹ in Crore

Net Worth

7,730

8,795

8,574

9,612

6,677

6,259

5,649

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Dec-21

Dec-22

EPS (₹) 66.3

105.4

71.9

105.7

106.5

75.6

80.3

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Dec-21 Dec-22

Book Value (₹)

513.0

568.3

606.1

701.6

798.2

778.1

872.2

CONSOLIDATED RESULTS

Particulars

Sundaram Finance Ltd. Subsidiaries:

Sundaram Finance Holdings Ltd. (Consolidated)

Sundaram Asset Management Company Ltd. (Consolidated)

Sundaram Home Finance Ltd. Sundaram Fund Services Ltd. Sundaram Trustee Company Ltd. LGF Services Ltd. Sundaram Finance Employees Welfare Trust

Joint Control Entities Royal Sundaram General Insurance Co. Ltd.

Adjustment arising out of Consolidation Total

₹ in Crore

Share of Net Worth

Share in Profit

31-Dec-22

31-Dec-21

9M FY23

9M FY22

7,557.94

6,709.46

771.95

604.61

824.25

384.86 1,738.97 40.72 3.28 3.45 19.12

687.11

362.21 1,617.50 38.42 2.33 3.48 17.64

32.64

54.29 150.13 1.66 0.96 0.01 0.99

19.32

72.91 114.64 1.58 0.69 0.03 0.69

701.92

794.45

2.97

94.52

(1,662.86) 9,611.65

(1,658.76) 8,573.84

(130.97) 884.63

(75.64) 833.35

SUNDARAM HOME FINANCE

FY22

Particulars

Q3 FY23

Q2 FY23

Q3 FY22

9M FY23

9M FY22

2,311

66.3%

33.7%

9,495

69.6%

30.4%

167.70

16.56

1,655

163.45

3.0%

1.6%

25.7%

105 822 40,237

Disbursements (₹ in Crore)

Housing

Non-Housing

AUM (₹ in Crore)

Housing

Non-Housing

PAT (₹ in Crore)

EPS (₹) (annualized)

Net worth (₹ in Crore)

Book Value (₹)

Gross Stage 3%

Net Stage 3%

CAR

Branches Employees Customers

961

62.4%

37.6%

10,564

69.2%

30.8%

52.57

20.76

1,739

171.74

2.9%

1.6%

24.2%

114 1,028 40,605

940

66.4%

33.6%

10,177

69.7%

30.3%

50.30

19.87

1,687

166.56

2.8%

1.6%

24.4%

105 936 40,913

626

67.0%

33.0%

9,253

70.3%

29.7%

34.91

13.79

1,618

159.75

5.0%

3.1%

26.6%

105 808 39,906

2,697

66.6%

33.4%

10,564

69.2%

30.8%

150.13

19.77

1,739

171.74

2.9%

1.6%

24.2%

114 1,028 40,605

1,517

69.7%

30.3%

9,253

70.3%

29.7%

114.64

15.10

1,618

159.75

5.0%

3.1%

26.6%

105 808

39,906

The momentum on disbursements continued from Q4 of last year into 9M this year driven by an increasing demand for home loans in tier 2 and 3 towns in the southern markets, a priority focus for the company.

Particulars

Q3 FY23

Q2 FY23

Q3 FY22

9M FY23

9M FY22

ROYAL SUNDARAM

FY22

2,966

7,282

172

(54)

118

1,547

117%

Gross Written Premium (₹ in Crore)

AUM (₹ in Crore)

PAT (₹ in Crore)

Other Comprehensive Income (Net of Taxes)

Total Comprehensive Income

Net worth (₹ in Crore)

Combined Operating Ratio

158

Branches

2,413

Employees

29,69,390

Customers

934

7,744

1,404

115%

161

2,424

847

7,444

1,389

117%

159

2,421

727

7,299

(55)

(18)

1,589

117%

158

2,362

2,579

7,744

(122)

(116)

1,404

115%

161

2,424

2,147

7,299

189

(29)

160

1,589

117%

158

2,362

33,77,529

32,21,556

28,37,944

33,77,529

28,37,944

While the underlying operations of the insurance business remain profitable, the profits during 9M FY23 were affected due to net loss of Rs. 70 crores on Fair Value of Equity investments as against net gain of Rs. 82 crores accounted in 9M FY22.

SUNDARAM ASSET MANAGEMENT

FY22

Particulars

Q3 FY23

Q2 FY23

Q3 FY22

9M FY23

9M FY22

53,860

AUM (₹ in Crores)

56,791

52,561

46,355

56,791

46,355

46,073

Equity (₹ in Crores)

48,034

44,982

37,679

48,034

37,679

7,787

Debt (₹ in Crores)

8,757

7,579

8,676

8,757

8,676

364

346

PAT (₹ in Crores)

Net worth (₹ in Crores)

Employees

385

377

362

375

362

357

385

377

362

357

13,09,851

Retail Investors

14,19,082

15,68,549

10,38,211

14,19,082

10,38,211

Branches

The profits for 9M FY23 were lower due to amortization of ₹ 234 crores of Asset Management rights consequent to the acquisition of Principal Mutual Fund. The charge to the P&L for 9M FY23 was ₹ 18 crores.

05 More about Sundaram Finance

SHAREHOLDING PATTERN

31-Dec-21

31-Dec-22

Top institutional shareholders As of 31st December 2022

Name of Shareholder

Share %

35.6%

35.9%

32.3%

3.8%

8.0%

16.7%

12.4%

13.0%

Promoters

Mutual Funds & AIFs

FIIs/FPIs and NRIs

Banks, Financial Institutions & Insurance Companies

Public

Axis Mutual Fund

Nalanda India Equity Fund Limited

38.5%

ICICI Prudential Mutual Fund

Bright Star Investments Pvt Ltd.

HDFC Life Insurance Company Limited

Kotak Mutual Fund

United India Insurance Company Limited

Pari Washington India Master Fund Ltd.

Damani Estate and Finance Pvt Ltd.

Sundaram Finance Employees Welfare Trust

5.53

3.78

2.84

2.37

2.03

1.46

1.28

1.09

0.93

0.82

BRANCH NETWORK

31-Dec-21

179

327

31-Dec-22

334

203

No. of Branches: 612

No. of Employees: 4,228

No. of Branches: 652

No. of Employees: 4,656

South

North

West

East

CREDIT RATINGS

Instrument

Deposits

Debentures

ICRA

CRISIL

AAA (Stable)

Subordinated Debentures

AAA (Stable)

Long Term Loans

AAA (Stable)

Working Capital Facilities

AAA (Stable)

Commercial Paper

Short Term Loans

A1+

SHARE PRICE MOVEMENT

Indexed share price and Nifty from March 2017

7 1 - r a M

7 1 - n u J

7 1 - p e S

7 1 - c e D

8 1 - r a M

8 1 - n u J

8 1 - p e S

8 1 - c e D

9 1 - r a M

9 1 - n u J

9 1 - p e S

9 1 - c e D

0 2 - r a M

0 2 - n u J

0 2 - p e S

0 2 - c e D

1 2 - r a M

1 2 - n u J

1 2 - p e S

1 2 - c e D

2 2 - r a M

2 2 - n u J

2 2 - p e S

2 2 - c e D

Share price movement after 1st Feb 2018 is post demerger of Sundaram Finance Holdings Limited

SFL Closing Share Price

S & P CNX Nifty

197.36

142.75

SUBSIDIARIES, JOINT VENTURES & ASSOCIATES

Subsidiaries

• Sundaram Home Finance Limited

• Sundaram Finance Holdings Limited

• Sundaram Business Services Limited

• Sundaram Asset Management Company Limited

• SAMC Support Services Private Limited

• SAMC Trustee Private Limited

• SAMC Services Private Limited

• Sundaram Asset Management Singapore Pte. Limited

• Sundaram Trustee Company Limited

• Sundaram Alternate Assets Limited

• Sundaram Fund Services Limited

•

LGF Services Limited

Joint Venture

• Royal Sundaram General Insurance Co. Limited

Associates of a Subsidiary Company

• Axles India Limited

• The Dunes Oman LLC (FZC)

• Wheels India Limited

• Mind S.r.l.

• Turbo Energy Private Limited

• Sundaram Composite Structures

Private Limited

•

India Motor Parts & Accessories Limited

• Trans Energy Private Limited

• Sundaram Dynacast Private

Limited

• Sundaram Hydraulics Limited

• Brakes India Private Limited

BOARD OF DIRECTORS

Sri S Viji Chairman

Has over 5 decades of experience in Banking, Insurance and Automotive Component Finance, Manufacturing Industry. He is the Executive Vice Chairman of Brakes India Private Limited.

B.Com. ACA MBA (University of Michigan, USA)

Sri S Prasad Independent Director

Has more than a decade of experience in industry as finance professional and over 39 years as a practicing Chartered Accountant.

FCA

Sri P N Venkatachalam Independent Director

Sri S Mahalingam Independent Director

Has nearly 4 decades of experience in Banking, Finance and Capital Markets. Formerly Managing Director of State Bank of India.

4 decades of experience in Finance and Information Technology. Formerly Chief Financial Officer and Executive Director of Tata Consultancy Services.

MA (Economics), CAIIB

B.Com. (Honours) FCA

Sri Raghuttama Rao Raghavendra Independent Director

Has over 3 decades of work experience spanning Manufacturing, Financial Markets, Public Policy and Management Consulting. Currently CEO of GDC at IIT Madras. Formerly, MD of IMaCS and Joint Managing Director of ICRA.

B.Tech. (Mech. Engg.) – IIT Madras CMA – ICWAI P.G.D.M. – IIM Ahmedabad

Sri L Ganesh Independent Director

Has over 44 years of Industrial experience in and the companies. He is the overall management of Chairman the the Rane Group, of acknowledged leaders in the auto component industry since 2006.

one

MBA((Pennsylvania State University, USA) ACA

BOARD OF DIRECTORS

Ms Shobhana Ramachandhran Independent Director

Sri T T Srinivasaraghavan Non-executive Director

Sri Srivats Ram Non-executive Director

3 decades of

Has in General Management and automobile industry. She is the Managing Director of TVS Srichakra Limited.

experience

MA (English Literature)

Has over 4 decades of experience in Banking and Financial Services. He served as the Managing Director of the company for a period of 18 years.

Has more than 2 decades of rich experience in auto component manufacturing industry. He is the Managing Director of Wheels India Limited.

B.Com. MBA (Gannon University, Pennsylvania)

BA (Economics) MBA (Case Western Reserve University, USA)

Sri Harsha Viji Executive Vice Chairman

Sri Rajiv C. Lochan Managing Director

Sri A N Raju Deputy Managing Director

Has more than 2 decades of experience in areas of specialisation particularly, strategy formulation, joint venture negotiations, new business development. Formerly and PriceWaterhouse

with McKinsey

Company

B.Com. ACA MBA (Ann Arbor, Michigan)

Has nearly 3 decades of experience in the field of management especially in the areas of finance, social sector, and public health. Formerly MD & CEO of The Hindu Group and Partner at McKinsey & Company.

B.Tech. (IIT, Madras) MS (MIT) MBA (Columbia Business School)

Has nearly 4 decades of experience in the Automobile, Engineering, Finance and General Management. Formerly with GE Capital & SRF Group.

BSc (Engineering) MBA

KEY MANAGERIAL PERSONNEL

Sri M. Ramaswamy Chief Financial Officer

He has over 35 years of experience in the Company. He is the Chief Financial Officer of the Company from September 2011. He is responsible for the Treasury Management, Financial Planning & Accounting, Taxation and Regulatory Compliance. He is a member of the Risk Management Committee and Asset Liability Management of the Company.

B.Sc. (Statistics) ACA

Sri P N Srikant Company Secretary & Compliance Officer

He has over 27 years of experience in the Company/Group. He became the the Company from June 2022. He is Secretary and Compliance Officer of responsible for statutory compliance in respect of all laws and regulations applicable to the Company, including Company Law, SEBI and RBI. He liaises with the Board Members in connection with all Board related actions in the Company.

B.Com (H) ACS PGDFM

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.

Sri M Ramaswamy Chief Financial Officer Sundaram Finance Limited 21, Patullos Road Chennai – 600002

044 – 28881341 m.ramaswamy@sundaramfinance.in

Sri P N Srikant Secretary & Compliance Officer Sundaram Finance Limited 21, Patullos Road Chennai – 600002

044 – 28881207 pnsrik@sundaramfinance.in

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