SUNDARMFINNSE26 May 2023

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Sundaram Finance Limited

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PERFORMANCE HIGHLIGHTS

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

34,552

7,673

11,181

54,804

Branches

Staffs *

Customer count

671

164

117

7,371

2,910

1,127

506

5,32,533

32,53,364

41,431

13,19,288

Joint Venture with Ageas Insurance International NV

100% subsidiary

Group

1,08,210

1,037

11,914

51,46,616

* Includes off roll employees

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 nearly Rs. 1,10,000 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

• Fixed Deposits

• General insurance

• Home loans

• Tractors and farm equipment

• Supply chain financing

• Sundaram Credit Line

•

Investment services

• Used vehicles

• Life insurance

• Mutual funds

SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS

Receivables Under Management

₹ in Crore

39,950

35,088 35,736

33,774

33,447

28,648

24,036

20,699

17,645 18,158 18,734

15,540

12,354

8,925

9,204 10,219

7,327

4,488

5,452

3,093

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 Mar-23

SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS

PAT

₹ in Crore

1,088

1,126

903

522

809

724 53

171

89 82

100

213

136

151

295 39

256

227 26

201

355

410

443

454 26

477 41

563

495

428

436

495

563

604

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 Mar-23

Exceptional item

SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS

Market Capitalization

₹ in Crore

28,560

25,548

21,560

17,940 18,634

17,318

16,859

14,450

13,366

533

782

1,078 1,099 1,602

917

2,096 2,722

7,359

5,265

3,645

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 Mar-23

SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS

Core Return on Equity %*

28.3

26.8

23.5

18.8

19.5

17.0

15.5

18.0

15.3

19.9

16.5

16.3

19.3

18.2

18.5

14.4

14.9

13.0

12.6

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 Mar-23

ROE% 11.0

12.6

22.8

11.9

22.1

13.7

18.4

20.7

21.4

21.2

19.7

17.6

15.2

14.0

14.3

24.5

13.7

13.8

14.9

* Core ROE (excluding investments in subsidiaries)

02 Financial results & performance

OVERALL HIGHLIGHTS OF FINANCIAL PERFORMANCE

As of 31st March 2023

AUM

Gross Stage 3

Cost-to-income

₹34,552 Crores

1.66%

34.36%

ROA

2.8%

ROE

14.9%*

17.0% up from Mar 22

2.19% in Mar 22

32.36% in FY22

2.5% in FY22

13.8% in FY22

*Core ROE (excluding investments in subsidiaries) at 18.5% vs. 18.2%

150% final dividend (₹ 15 per share) declared. Total dividend for FY23 270% (₹ 27 per share)

14 14

HIGHLIGHTS – GROWTH OF 58% IN CORE BUSINESS

Economic activity continued to improve across all segments during 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. FY23 disbursements are highest-ever and grew 58% over FY22.

for

FY23

Disbursements 58% to recorded ₹20,966 crores as compared to ₹13,275 crores registered in the corresponding period of the previous year. Adjusting for the pandemic- induced ECLGS scheme, core business disbursements grew by 60% in FY23 compared to FY22

growth

Commercial vehicles, especially medium and heavy commercial vehicles, recovery continued through 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 ₹34,552 crores as on 31st March 2023 as against ₹ 29,532 crores as on 31st March 2022, registering a 17% increase year-on-year.

The total restructured assets under Covid package were ₹ 628 crores, about 1.8% of outstanding loans as on 31st March 2023.

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 March 2023 stood at 1.66% with provision cover of 49% when compared to 2.19% with 52% provision cover as of 31st March 2022.

Net stage 3 assets as on 31st March 2023 closed at 0.86% as against 1.07% as on 31st March 2022.

RBI vide its circulars dated 12th November 2021 & 15th February 2022 has modified the upgradation norms for Non-Performing Assets 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. As a matter of prudence, the ECL model was suitably amended to provide higher provisions to reflect the underlying risk for those loan assets under new norms.

With the improvement in the asset quality, the impairment cost for FY23 was Rs. 134 crores as against Rs. 319 crores in FY22.

The Gross and Net NPA, per RBI’s tighter norms on asset classification, are 3.00% and 2.10% respectively as against 2.42% and 1.26% as of 31st March 2022 (based on old norms).

HIGHLIGHTS – PROFITABILITY IMPROVED CONSISTENTLY

Profits after tax grew 20% over 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 34.36% in FY23 as against 32.36% in FY22.

Return on assets (ROA) for FY23 closed at 2.8% as against 2.5% for FY22.

Profit after tax at ₹ 1088 crores in FY23 crores as against ₹ 903 crores in FY22, up by 20%; Profit after tax for Q4 FY23 up by 6% to Rs. 316 crores from Rs. 299 crores in Q4 FY22

Return of equity (ROE) was at 14.9% for FY23 as against 13.8% for FY22. If we exclude investments in subsidiaries and group companies, core ROE was at 18.5% for FY23 as against 18.2% for FY22

PROFIT & LOSS STATEMENT

₹ in Crore

Particulars

Q4 FY23

Q3 FY23

Q4 FY22

FY23

FY22

Revenue From Operations*

Other Income

Total Revenue

Finance cost

Operating expenses

Impairment

Total Expenses

Profit Before Tax

Profit After Tax

1,034.93

50.96

1,085.89

490.21

173.94

16.79

680.94

404.95

316.36

991.70

2.28

993.98

457.26

180.31

37.29

674.86

319.12

242.68

927.40

8.65

936.05

410.89

175.62

(28.37)

558.14

377.91

298.80

3,984.46

63.74

4,048.20

1,777.09

716.90

134.25

2,628.24

1,419.96

1,088.31

3,827.64

20.43

3,848.07

1,700.11

652.54

318.52

2,671.17

1,176.90

903.41

*Revenue from operations is net of depreciation on operating lease. During Q4 FY 23, as a matter of prudence, the ECL model was tweaked to provide higher provisions of Rs 29 Cr for Stage 1 & 2 assets.

BALANCE SHEET

Particulars

Equity and Liabilities

Financial Liabilities

Non-Financial Liabilities

Equity

Total – Equity and Liabilities

Assets

Financial Assets

Non-Financial Assets

Total – Assets

₹ in Crore

31-Mar-23

31-Dec-22

31-Mar-22

33,254.03

30,734.62

28,323.23

67.27

63.68

71.20

7,737.40

7,557.94

6,893.09

41,058.70

38,356.24

35,287.52

39,937.75

37,314.91

34,413.89

1,120.95

1,041.33

873.63

41,058.70

38,356.24

35,287.52

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

Mar-23

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

7,737

9,433

9,991

9,719

10,012

11,444

13,218

15,712

17,170

15,175

11,742

13,275

20,966

* 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.

15,540

17,645

18,158

18,734

20,699

24,036

28,648

33,447

35,088

35,736

33,774

39,950

355.45

410.11

442.51

454.14

477.28

**495.35

563.44

@604.04

723.95

809.05

903.41

1,088.31

155

100

105

110

115

120

#175

130

180

200

270

3,645

5,265

7,359

16,859

14,450

17,940

18,634

17,318

13,366

28,560

21,560

25,548

DISBURSEMENTS AND AUM

Disbursements

AUM

17,170

15,175

11,742

Mar-19

Growth

9.3%

Mar-20

-11.6%

Mar-21

-22.6%

20,966

5,259

5,653

5,139

4,915

Mar-23

57.9%

13,275

3,751

3,843

3,621

2,060

Mar-22

13.1%

₹ in Crore

34,552 0.2%

99.8%

28,984 4.8%

29,936 4.6%

30,882 2.7%

29,532

1.2%

95.2%

95.4%

97.3%

98.8%

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Growth

16.1%

3.3%

3.2%

-4.4%

17.0%

On Books

Assigned / Securitised

DISBURSEMENTS

Asset wise

Mar-22

3.8% 2.4%

8.9%

11.5%

27.6%

₹ 13,275 Cr.

27.0%

18.8%

Used Assets – 22.3%

4.7%

14.1%

Region wise

29.9%

₹ 13,275 Cr.

51.3%

₹ 20,966 Cr.

57.8%

26.1%

ICV, LCV and SCV as Retail CV

MHCV

Retail CV

Cars

31.1%

₹20,966 Cr.

Construction Equipment

Mar-23

6.9% 1.6%

7.7%

10.8%

24.2%

17.7%

Used Assets – 22.4%

4.4%

11.7%

Tractors

Commercial Lending

Others

South

North

West

East

AUM

Asset wise

Mar-22

7.0%

3.1%

8.1%

28.5%

11.1%

₹ 29,532 Cr.

25.1%

17.1%

Mar-23

5.4%

4.1%

8.0%

29.3%

10.7%

₹34,552 Cr.

25.0%

17.5%

Used Assets – 17.4%

Used Assets – 18.1%

4.4%

13.0%

4.4%

12.6%

Region wise

₹ 29,532 Cr.

57.5%

25.1%

₹ 34,552 Cr.

56.5%

26.5%

ICV, LCV and SCV as Retail CV

MHCV

Retail CV

Cars

Construction Equipment

Tractors

Commercial Lending

Others

South

North

West

East

PORTFOLIO QUALITY

Gross Stage 3%

Net Stage 3%

2.47%

2.19%

1.84%

1.33%

1.66%

1.65%

0.83%

1.01%

1.07%

0.86%

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

FUNDING MIX

₹ 26,673 Cr. 3.4% 11.6%

20.4%

25.4%

39.2%

Mar-19

₹ 29,007 Cr.

7.7%

13.2%

16.7%

45.7%

₹ 29,251 Cr. 2.5% 14.3%

11.3%

19.9%

52.0%

₹ 28,297 Cr. 0.0%

₹ 32,915 Cr.

15.1%

11.0%

19.9%

54.0%

6.8%

14.8%

11.4%

25.9%

41.1%

Mar-20

Mar-21

Mar-22

Mar-23

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

604

809

724 53

671

1,088

316

243

303

226

903

299

202

211

191

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

2.5

2.3

2.0 #

₹ in Crore

2.8

EPS (₹)

101.4

65.2

72.8

81.3

98.0

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Exceptional Item

# adjusted for exceptional item

NET WORTH

Net worth

7,737

6,893

6,179

5,044

5,547

Mar-19

Book Value (₹)

454.0

Mar-20

499.3

Mar-21

556.2

Mar-22

620.4

Mar-23

696.4

₹ in Crore

LEVERAGE AND CAPITAL ADEQUACY

Leverage

Capital adequacy

5.0

4.9

4.6

24.4%

22.8%

22.1%

4.0

4.2

19.4%

18.4%

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

04 Consolidated results

CONSOLIDATED RESULTS

Profit after Tax

1,161

1,165

1,173

792

340 289 259 285

1,318

433

333 306 246

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

EPS (₹) 105.4

71.9

105.7

106.5

119.6

₹ in Crore

9,910

8,795

Net Worth

7,730

6,259

6,677

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Book Value (₹)

568.3

606.1

701.6

798.2

899.3

CONSOLIDATED RESULTS

Particulars

Share of Net Worth

Share in Profit

₹ in Crore

Sundaram Finance Ltd. Subsidiaries:

Sundaram Home Finance Ltd.

31-Mar-22 6,893.09

31-Mar-23 7,737.40

FY22 903.41

FY23 1,088.31

1,654.98

1,805.03

167.70

215.41

Sundaram Finance Holdings Ltd. (Consolidated) Sundaram Asset Management Company Ltd. (Consolidated) Sundaram Fund Services Ltd. Sundaram Finance Employees Welfare Trust Sundaram Trustee Company Ltd. LGF Services Ltd. Joint Control Entities: Royal Sundaram General Insurance Co. Ltd.

705.24 364.08 39.06 18.12 2.62 3.57

773.49

838.67 404.15 41.11 19.87 3.58 3.48

721.38

37.80 71.63 2.27 1.17 0.97 0.12

86.21

55.80 73.11 2.03 1.74 1.26 0.03

21.77

Adjustment arising out of Consolidation

(1,659.42)

(1,664.82)

(97.94)

(141.67)

Total

8,794.83

9,909.85

1,173.34

1,317.81

SUNDARAM HOME FINANCE

Particulars

Disbursements (₹ in Crore)

Housing

Non-Housing

AUM (₹ in Crore)

Housing

Non-Housing

PAT (₹ in Crore)

EPS (₹)

Net worth (₹ in Crore)

Book Value (₹)

Gross Stage 3%

Net Stage 3%

CAR

Branches Staffs Customers

Q4 FY23

Q3 FY23

Q4 FY22

1,204

54.6%

45.4%

11,181

64.9%

35.1%

65.3

6.45

1,805

178.27

2.3%

1.1%*

23.5%

117 1,127 41,431

961

54.8%

45.2%

10,564

69.2%

30.8%

52.6

5.19

1,739

171.74

2.9%

1.6%

24.2%

111 1,047 40,605

794

56.1%

43.9%

9,495

69.6%

30.4%

53.1

5.24

1,655

163.45

3.0%

1.6%

25.7%

105 861 40,237

FY23

3,901

56.9%

43.1%

11,181

64.9%

35.1%

215.4

21.27

1,805

178.27

2.3%

1.1%*

23.5%

117 1,127 41,431

FY22

2,311

66.3%

33.7%

9,495

69.6%

30.4%

167.7

16.56

1,655

163.45

3.0%

1.6%

25.7%

105 861 40,237

The momentum on disbursements continued from Q4 of last year into 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. * Net Stage 3 excluding restructured accounts is 0.85%.

ROYAL SUNDARAM

Particulars

Q4 FY23

Q3 FY23

Q4 FY22

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

Branches

Staffs

Customers

938

7,673

1,443

101%

164

2,910

934

7,744

1,404

112%

161

2,938

819

7,282

(17)

(25)

(42)

1,547

114%

158

2,916

FY23

3,517

7,673

(121)

(77)

1,443

111%

164

2,910

FY22

2,966

7,282

172

(54)

118

1,547

117%

158

2,916

32,53,364

33,77,529

29,69,390

32,53,364

29,69,390

The current year’s profit was lower than previous year majorly due to Mark to Market loss ₹ 78 cr. (net of tax) on equity investments compared to (a) Mark to Market gain ₹ 33 cr. (net of tax) and (b) impairment reversal on certain bonds of ₹ 37 cr. (net of tax) in the previous year.

SUNDARAM ASSET MANAGEMENT

Particulars

AUM (₹ in Crores)

Q4 FY23

Q3 FY23

Q4 FY22

FY23

FY22

54,804

56,787

54,901

54,804

54,901

Equity (₹ in Crores)

45,742

48,023

46,069

45,742

46,069

Debt (₹ in Crores)

9,062

8,764

8,832

9,062

8,832

PAT (₹ in Crores)

Net worth (₹ in Crores)

Staffs

Retail Investors

Branches

404

506

385

501

(1)

364

478

404

506

364

478

13,19,288

14,19,082

13,09,851

13,19,288

13,09,851

The profits for FY23 is lower by ₹ 23 crores due to amortization of ₹ 234 crores of Asset Management rights consequent to the acquisition of Principal Mutual Fund in FY 22.

05 More about Sundaram Finance

SHAREHOLDING PATTERN

31-Mar-22

31-Mar-23

Top institutional shareholders As of 31st March 2023

Name of Shareholder

Share %

33.0%

3.9%

38.5%

32.1%

3.7%

14.2%

10.4%

12.5%

13.2%

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

5.51

3.78

2.83

2.37

1.98

1.56

1.25

1.09

0.93

0.82

BRANCH NETWORK

31-Mar-22

31-Mar-23

324

344

182

211

No. of Branches: 618

No. of Staffs: 6,567

No. of Branches: 671

No. of Staffs: 7,371

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 2018

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

3 2 - r a M

SFL Closing Share Price

S & P CNX Nifty

171.64

137.10

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 42 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 47 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

Ms Bhavani Balasubramanian Independent Director

Sri T T Srinivasaraghavan Non-executive Director

Sri Srivats Ram Non-executive Director

Has 3 decades of experience in General Management and automobile industry. She is the Managing Director of TVS Srichakra Limited.

MA (English Literature)

Has over 4 decades of audit experience including overseas experience. Formerly a partner of Fraser & Ross and Deloitte Haskins & Sells, with extensive experience in auditing a including listed companies variety of clients, industries in and multinationals in different India and abroad.

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)

FCA ACS

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 joint venture negotiations, new formulation, business with development. McKinsey & Company and PriceWaterhouse

Formerly

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

social

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

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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