SUNDARMFINNSE6 November 2023

Sundaram Finance Limited has informed the Exchange about Investor Presentation

Sundaram Finance Limited

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PERFORMANCE HIGHLIGHTS

H1FY24

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

Vision

To be the most respected NBFC in the country

Fairplay

Service

Prudence

y t i r g e t n I

Openness

Discipline

Relationships

Growth Quality Profitability

H o n e s t y

H u

mility

Mission

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

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

40,106

8,140

12,332

61,883

Branches

Staffs *

Customer count

693

161

132

7,780

2,923

1,363

522

5,54,620

33,25,031

59,148

12,89,560

Joint Venture with Ageas Insurance International NV

100% subsidiary

Group

1,22,461

1,071

12,588

52,28,359

* Includes off roll employees

STRATEGIC SOURCES OF DISTINCTIVENESS

69-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. 1,20,000 cr.

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

Legacy of deep deposit 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 30th September 2023

AUM

Gross Stage 3

Cost-to-income

₹40,106 Crores

1.86%

35.27%

ROA

2.95%

ROE

16.2%*

25.4% up from Sep 22

2.54% in Sep 22

35.68% in H1FY23

2.94% in H1FY23

14.9% in H1FY23

*Core ROE (excluding investments in subsidiaries) at 16.2% vs. 16.4%

14 14

HIGHLIGHTS – GROWTH OF 34% IN CORE BUSINESS

Economic activity remained robust in H1FY24 across all regions. Automotive sector growth was strong in Q2 FY24 with commercial vehicles growing 20-25% across segments and passenger cars logging double digit growth. Tractor sales remained muted. Growth in disbursements was driven by sharp focus on ensuring rightful market share in all asset classes and geographies of operations. H1FY24 disbursements are highest-ever and grew 34% over H1FY23.

recorded

for H1FY24

Disbursements 34% to ₹13,430 crores as compared to ₹10,054 crores registered in the the previous year. The Company gained corresponding period of market share across nearly all asset classes and geographies of operations.

growth

Net interest income rose 16% in H1FY24 compared to H1FY23. For the quarter ending September 30, 2023, net interest income rose 19% over the corresponding quarter in FY23.

The assets under the management stood at ₹40,106 crores as on 30th September 2023 as against ₹ 31,980 crores as on 30th September 2022, registering a 25% increase year-on-year.

The total restructured assets under Covid package were ₹ 425 crores, about 1.1% of outstanding loans as on 30th September 2023.

Automotive industry performed strongly. Medium, Heavy & Intermediate Commercial vehicles grew by more than 20% in Q2 FY24 driven by robust tipper and bus sales. Light and Small Commercial Vehicles grew 13% for the period. Passenger vehicles, particularly Utility Vehicles and Construction Equipment grew strongly in this quarter. Tractor sales declined about 9% in this quarter over last year.

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.

Collections performance has reverted to pre-Covid levels with current collections of current demand at 92%.

Gross stage 3 assets as on 30th September 2023 stood at 1.86% with provision cover of 42% when compared to 2.54% with 47% provision cover as of 30th September 2022.

Net stage 3 assets as on 30th September 2023 closed at 1.08% as against 1.37% as on 30th September 2022.

The Gross and Net NPA, as per RBI’s new asset classification norms, are 2.89% and 2.06% respectively as against 4.29% and 2.97% as of 30th September 2022.

HIGHLIGHTS – PROFITABILITY IMPROVED CONSISTENTLY

Profits after tax grew 22% over H1FY23 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 35.27% in H1FY24 as against 35.68% in H1FY23.

Return on assets (ROA) for H1FY24 closed at 2.95% as against 2.94% for H1FY23.

Profit after tax at ₹ 648 crores in H1FY24 crores as against ₹ 529 crores in H1FY23, up by 22%; Profit after tax for Q2 FY24 up by 21% to Rs. 366 crores from Rs. 303 crores in Q2 FY23

Return of equity (ROE) was at 16.2% for H1FY24 as against 14.9% for H1FY23. If we exclude investments in subsidiaries and group companies, core ROE was at 16.2% for H1FY24 as against 16.4% for H1FY23.

PROFIT & LOSS STATEMENT

FY23

Particulars

Q2FY23

Q2FY24

Q1FY24

H1FY23

H1FY24

3,984

4,048

1,777

717

134

2,628

1,420

1,088

Revenue From Operations*

Other Income

Total Revenue

Finance cost

Operating expenses

Impairment

Total Expenses

Profit Before Tax

Profit After Tax

1,034

1,038

426

186

639

399

303

1,353

1,356

612

217

880

476

366

1,169

1,176

544

203

811

365

282

1,957

1,968

830

362

1,272

696

529

2,522

2,532

1,156

420

115

1,691

841

648

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

₹ in Crore

BALANCE SHEET

31-Mar-23

Particulars

Equity and Liabilities

33,255

Financial Liabilities

Non-Financial Liabilities

7,737

41,059

39,938

1,121

41,059

Equity

Total – Equity and Liabilities

Assets

Financial Assets

Non-Financial Assets

Total – Assets

₹ in Crore

30-Sep-22

30-Sep-23

28,759

38,405

7,315

8,219

36,133

46,684

35,162

45,586

971

1,098

36,133

46,684

03 Key trends in financial performance

FINANCIAL SUMMARY

Year

Paid-up Capital

Networth

Disbursements

Receivables Under Management

Mar-13

Mar-14

Mar-15

Mar-16

Mar-17

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Sep-22

Sep-23

*111

111

2,087

2,405

2,978

3,313

3,746

4,134

5,044

5,547

6,179

6,893

7,737

7,315

8,219

9,991

9,719

10,012

11,444

13,218

15,712

17,170

15,175

11,742

13,275

20,966

10,054

13,430

* 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.

17,645

18,158

18,734

20,699

24,036

28,648

33,447

35,088

35,736

33,774

39,950

36,700

46,734

PAT

410

443

454

477

**495

563

@604

724

809

903

1,088

529

648

₹ in Crore

Dividend %

Market Capitalisation

100

105

110

115

120

#175

130

180

200

270

5,265

7,359

16,859

14,450

17,940

18,634

17,318

13,366

28,560

21,560

25,548

25,132

34,119

DISBURSEMENTS AND AUM

Disbursements

20,966

17,170

15,175

13,275

11,742

13,430

6941

6489

10,054

5139

4915

AUM

₹ in Crore

40,106

28,984

29,936

30,882

29,532

34,552

31,980

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

Sep-22

Sep-23

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Sep-22

Sep-23

Growth

9.3%

-11.6%

-22.6%

13.1%

57.9%

77.0%

33.6%

Growth 16.1%

3.3%

3.2%

-4.4%

17.0%

7.3%

25.4%

Q2 Q1

DISBURSEMENTS

Asset wise

Sep-22

6.0% 1.7%

7.0%

10.6%

31.0%

₹ 10,054 Cr.

24.7%

19.0%

Sep-23

2.0%

8.6%

7.1%

26.1%

11.1%

₹ 13,430 Cr.

23.6%

21.5%

Used Assets – 22.8%

Used Assets – 21.7%

4.7%

12.5%

4.4%

11.5%

Region wise

₹ 10,054 Cr.

56.9%

25.9%

₹ 13,430 Cr.

56.2%

27.9%

ICV, LCV and SCV as Retail CV

MHCV

Retail CV

Cars

Construction Equipment

Tractors

Commercial Lending

Others

South

North

West

East

AUM

Asset wise

Sep-22

6.0%

3.8%

7.9%

28.6%

10.8%

₹ 31,980 Cr.

25.1%

17.8%

Sep-23

5.0%

6.0%

7.6%

24.5%

10.6%

₹ 40,106 Cr.

21.9%

24.4%

Used Assets – 17.8%

4.4%

13.1%

4.4%

12.2%

Region wise

₹ 31,980 Cr.

56.6%

25.9%

₹ 40,106 Cr.

56.5%

26.9%

ICV, LCV and SCV as Retail CV

MHCV

Retail CV

Cars

Construction Equipment

Tractors

Commercial Lending

Others

South

North

West

East

BRANCH NETWORK

Sep-22

Sep-23

327

352

196

219

No. of Branches: 640

No. of Staffs: 6,676

No. of Branches: 693

No. of Staffs: 7,780

South

North

West

East

PORTFOLIO QUALITY

Gross Stage 3%

Net Stage 3%

2.47%

2.54%

2.19%

1.84%

1.66%

1.86%

1.65%

1.33%

0.83%

1.01%

1.07%

0.86%

1.37%

1.08%

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Sep-22 Sep-23

FUNDING MIX

₹ 26,673 Cr. 3.4% 11.6%

20.4%

25.4%

39.2%

₹ 29,007 Cr.

7.7%

13.2%

16.7%

45.7%

₹ 29,251 Cr. 2.5% 14.3%

11.3%

19.9%

₹ 28,297 Cr.

0.0%

15.1%

11.0%

19.9%

52.0%

54.0%

₹ 32,915 Cr.

₹ 28,506 Cr.

₹ 37,976 Cr.

6.8%

14.8%

11.4%

25.9%

41.1%

6.1%

15.4%

8.6%

23.3%

46.6%

10.9%

14.2%

8.0%

34.1%

32.8%

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Sep-22

Sep-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

1,126

522

604

724 53

671

Profit after Tax

1,088

903

809

648

366

282

529

303

226

₹ in Crore

Return on Assets - %

2.9

2.8

2.5

2.3

2.0 #

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

Sep-22

Sep-23

EPS (₹)

101.4

65.2

72.8

81.3

98.0

47.6

58.3

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

Sep-22

Sep-23

Exceptional Item

Q2 Q1

# adjusted for exceptional item

NET WORTH

Net worth

7,737

7,315

8,219

6,893

6,179

5,547

5,044

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Sep-22

Sep-23

454.0

499.3

556.2

620.4

696.4

658.4

739.8

Book Value (₹)

₹ in Crore

LEVERAGE AND CAPITAL ADEQUACY

Leverage

Capital adequacy

5.0

4.9

4.6

4.2

4.0

3.9

19.4%

18.4%

24.4%

24.3%

22.8%

22.1%

19.9%

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Sep-22

Sep-23

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Sep-22

Sep-23

04 Consolidated results

CONSOLIDATED RESULTS

Profit after Tax

₹ in Crore

10,574

9,910

9,240

Net Worth

8,795

7,730

1,161

1,165

1,173

1,318

792

552

306 246

741

366

375

6,259

6,677

Mar-19

Mar-20

Mar-21

Mar-22

Mar-23

Sep-22

Sep-23

EPS (₹)

105.4

71.9

105.7

106.5

119.6

50.1

67.2

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

Sep-22

Sep-23

Book Value (₹)

568.3

606.1

701.6

798.2

899.3

838.5

959.5

CONSOLIDATED RESULTS

Particulars

Share of Net Worth

Share in Profit

₹ in Crore

30-Sep-22

30-Sep-23

Sundaram Finance Ltd. Subsidiaries:

Sundaram Home Finance Ltd.

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.

Adjustment arising out of Consolidation

Total

7,315

1,686

778

362 40 19 3 3

695

(1661)

9,240

8,219

1,820

935

408 42 21 3 3

790

(1,667)

10,574

H1FY23

529

34 1 1 1 -

(130)

552

H1FY24

648

117

48 1 1 1 -

(185)

741

SUNDARAM HOME FINANCE

FY23

3,901

55.6%

44.4%

11,181

64.9%

35.1%

215.4

21.27

1,805

178.27

2.3%

1.1%

23.5%

117

1,127

57,377

Particulars

Q2 FY24

Q1 FY24

Q2 FY23

H1 FY24

H1 FY23

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

1,213

46.8%

53.2%

12,332

62.4%

37.6%

59.3

23.44

1,821

179.82

1.7%

0.8%

21.0%

132

1,363

59,148

1,094

51.3%

48.7%

11,699

63.9%

36.1%

57.4

22.68

1,863

183.95

2.0%

1.1%

22.0%

125

1,265

58,048

940

57.5%

42.5%

10,177

73.3%

26.7%

50.3

19.87

1,687

166.56

2.8%

1.6%

24.4%

105

953

56,488

2,307

48.9%

51.1%

12,332

62.4%

37.6%

116.7

23.06

1,821

179.82

1.7%

0.8%

21.0%

132

1,363

59,148

1,736

58.9%

41.1%

10,177

73.3%

26.7%

97.6

19.27 1,687

166.56

2.8%

1.6%

24.4%

105

953

56,488

ROYAL SUNDARAM

FY23

3,517

7,673

(121)

(77)

1,443

111%

164

2,910

Particulars

Q2 FY24

Q1 FY24

Q2 FY23

H1 FY24

H1 FY23

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

910

8,140

(10)

1,579

109.2%

161

2,923

908

8,196

128

1,570

115.4%

164

2,982

847

7,444

1,389

117.4%

159

2,922

1,818

8,140

145

168

1,579

112.1%

161

2,923

1,645

7,444

(132)

(131)

1,389

117.1%

159

2,922

32,53,364

Customers

33,25,031

33,17,970

32,21,556

33,25,031

32,21,556

Profit after tax during H1FY24 includes net gain of ₹ 37 crores on Fair Value of Equity investments as against net loss on Fair Value of equity investments of ₹ 62 crores accounted in H1FY23.

SUNDARAM ASSET MANAGEMENT

FY23

Particulars

Q2 FY24

Q1 FY24

Q2 FY23

H1 FY24

H1 FY23

54,804

AUM (₹ in Crores)

61,883

59,862

55,167

61,883

55,167

45,742

Equity (₹ in Crores)

52,532

50,238

47,855

52,532

47,855

9,062

Debt (₹ in Crores)

9,351

9,624

7,313

9,351

7,313

404

506

PAT (₹ in Crores)

Net worth (₹ in Crores)

Staffs

407

522

381

527

362

501

407

522

362

501

13,19,288

Retail Investors

12,89,560

12,94,892

15,68,549

12,89,560

15,68,549

Branches

05 More about Sundaram Finance

SHAREHOLDING PATTERN

30-Sep-22

30-Sep-23

Top institutional shareholders As of 30th September 2023

Name of Shareholder

Share %

32.9%

3.9%

38.5%

31.8%

3.4%

11.9%

12.8%

13.2%

13.1%

Promoters

Mutual Funds & AIFs

FIIs/FPIs and NRIs

Banks, Financial Institutions & Insurance Companies

Public

Axis Mutual Fund

Nalanda India Equity Fund Limited

38.5%

Kotak Mutual Fund

Bright Star Investments Pvt Ltd

HDFC Life Insurance Company Limited

SBI Mutual Fund

United India Insurance Company Limited

Pari Washington India Master Fund Ltd.

Damani Estate and Finance Pvt Ltd.

ICICI Prudential Mutual Fund

4.77

3.78

2.57

2.37

1.79

1.35

1.17

1.09

0.93

0.85

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 September 2018

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

3 2 - n u J

3 2 - p e S

SFL Closing Share Price

S & P CNX Nifty

202.84

179.67

SUBSIDIARIES, JOINT VENTURES & ASSOCIATES

Subsidiaries

• Sundaram Home Finance Limited

• Sundaram Finance Holdings Limited

• Sundaram Business Services Limited

• Sundaram Asset Management Company Limited

• Sundaram Asset Management Singapore Pte. Limited

• Sundaram Trustee Company Limited

• Sundaram Alternate Assets Limited

• Sundaram Fund Services Limited

• SAMC Services Private Limited

•

LGF Services Limited

Joint Venture

• Royal Sundaram General Insurance Company Limited

Associates of a Subsidiary Company

• Axles India Limited

• Mind S.r.l.

• Wheels India Limited

• Sundaram Composite Structures

Private Limited

•

India Motor Parts & Accessories Limited

• Turbo Energy Private Limited

• Trans Energy Private Limited

• Sundaram Dynacast Private

Limited

• Brakes India Private Limited

• The Dunes Oman LLC (FZC)

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 T. T. Srinivasaraghavan Non-executive Director

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.

B.Com. MBA (Gannon University, Pennsylvania)

Sri Srivats Ram Non-executive Director

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

industry. He

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

Sri S. Prasad Independent Director

Sri P. N. Venkatachalam Independent Director

Ms Shobhana Ramachandhran Independent Director

Has more than a decade of experience in industry as finance professional and over 4 decades as a practicing Chartered Accountant.

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

3 decades of

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

experience

FCA

MA (Economics), CAIIB

MA (English Literature)

BOARD OF DIRECTORS

Sri S. Mahalingam Independent Director

Sri Raghuttama Rao Raghavendra Independent Director

Sri L. Ganesh Independent Director

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

Executive Director

B.Com. (Honours) FCA

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.

over

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

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

MBA((Pennsylvania State University, USA) ACA

Ms Bhavani Balasubramanian Independent Director

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.

FCA ACS

Dr. Kshama Fernandes Independent Director

Sri Harsha Viji Executive Vice Chairman

Sri Rajiv C. Lochan Managing Director

Sri A. N. Raju Deputy Managing Director

risk

Has over 3 decades of experience spanning across management, and She is the Non-executive Vice academia. the Northern Arc Group and Chairperson of of Northern Arc Executive Chairperson Investment Managers.

advisory

PhD Finance

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 nearly 4 decades 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 Committee of the Company.

B.Sc. (Statistics) ACA

Sri P. N. Srikant Chief Compliance Officer & Company Secretary

He has nearly 3 decades of experience in the Company/Group. He is the Chief Compliance Officer & Company Secretary and 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

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

044 – 28881341 m.ramaswamy@sundaramfinance.in

044 – 28881207 pnsrik@sundaramfinance.in

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