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Sundaram Finance
4.1
based on 854 Reviews
Video summary
Company Overview
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Working at Sundaram Finance
Company Summary
Sundaram Finance is one of the leading NBFC that provides Fixed deposits, Car loan, Commercial Vehicle Loan, Construction Equipment Loan, Tractor loan, Farm Equipment Loan, Diesel loan, Tyre loan etc.
Overall Rating
4.1/5
based on 854 reviews
2% above
industry average
Highly rated for
Job security, Company culture, Work-life balance
Critically rated for
Promotions
Work Policy
Work from office
88% employees reported
Monday to Saturday
42% employees reported
Flexible timing
50% employees reported
Within city
59% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
54 employees reported
Health insurance
38 employees reported
Professional degree assistance
17 employees reported
Office cab/shuttle
14 employees reported
View all benefits
About Sundaram Finance
Founded in1954 (71 yrs old)
India Employee Count5k-10k
Global Employee Count5k-10k
India HeadquartersChennai, Tamil Nadu, India
Websitesundaramfinance.in
Primary Industry
Other Industries
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View in video summary
Sundaram Finance was established in 1954 when Sri T. S. Santhanam, the Founder, envisioned the future of hire-purchase finance in India. The company was started with a paid-up capital of Rs. 2 Lakhs and promoted by Madras Motor & General Insurance Company which was then one of the leading insurance companies in India prior to nationalization in 1971.
Started with the primary objective of financing the purchase of commercial vehicles, the company, has today grown into one of the most trusted financial services groups in India. It has a nation-wide presence of nearly 640 branches, over two lakh depositors and three lakh commercial vehicle and car finance customers.
Today, Sundaram Finance Limited has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.
The company's Diamond Jubilee in August 2014 was preceded by the birth centenary of its Founder in November 2012.
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Sundaram Finance Ratings
based on 854 reviews
Overall Rating
4.1/5
How AmbitionBox ratings work?
5
476
4
225
3
85
2
28
1
40
Category Ratings
4.3
Job security
4.1
Company culture
4.0
Work-life balance
3.9
Skill development
3.8
Work satisfaction
3.5
Salary
3.3
Promotions
Sundaram Finance is rated 4.1 out of 5 stars on AmbitionBox, based on 854 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Sundaram Finance
based on 779 reviews
4.5
Rated by 57 Women
Rated 4.5 for Job security and 4.3 for Work-life balance
4.1
Rated by 722 Men
Rated 4.3 for Job security and 4.1 for Company culture
Work Policy at Sundaram Finance
based on 106 reviews in last 6 months
Work from office
88%
Hybrid
9%
Permanent work from home
3%
Sundaram Finance Reviews
Top mentions in Sundaram Finance Reviews
+ 5 more
Compare Sundaram Finance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.1/5 based on 854 reviews | 4.1/5 based on 4.4k reviews | 4.0/5 based on 4.5k reviews | 4.0/5 based on 6.7k reviews |
Highly Rated for | Job security Company culture Work-life balance | Work-life balance Company culture Skill development | Salary | Salary Skill development Job security |
Critically Rated for | Promotions | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 88% employees reported | Work from office 83% employees reported | Work from office 82% employees reported | Work from office 78% employees reported |
Rating by Women Employees | 4.5 Good rated by 57 women | 3.9 Good rated by 232 women | 3.9 Good rated by 163 women | 3.9 Good rated by 591 women |
Rating by Men Employees | 4.1 Good rated by 722 men | 4.1 Good rated by 3.9k men | 3.9 Good rated by 4.1k men | 4.0 Good rated by 5.7k men |
Job security | 4.3 Good | 3.8 Good | 3.7 Good | 3.9 Good |
View more
Sundaram Finance Salaries
Sundaram Finance salaries have received with an average score of 3.5 out of 5 by 854 employees.
Deputy Manager
(137 salaries)
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₹4.1 L/yr - ₹11.3 L/yr
Sales Executive
(128 salaries)
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₹1.2 L/yr - ₹4.2 L/yr
Sales Associate
(123 salaries)
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₹1.1 L/yr - ₹3.5 L/yr
Operations Executive
(42 salaries)
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₹1.4 L/yr - ₹4.5 L/yr
Senior Associate
(40 salaries)
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₹1.6 L/yr - ₹4 L/yr
Branch Manager
(40 salaries)
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₹6 L/yr - ₹10.6 L/yr
Assistant Manager Customer Relations
(37 salaries)
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₹4 L/yr - ₹8 L/yr
Branch Accountant
(33 salaries)
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₹3.5 L/yr - ₹6.8 L/yr
Finance Executive
(27 salaries)
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₹1.7 L/yr - ₹4.2 L/yr
Customer Relation Executive
(21 salaries)
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₹3.5 L/yr - ₹5 L/yr
Sundaram Finance Interview Questions
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Sundaram Finance Jobs
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Sundaram Finance News
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Sundaram Home Finance aims to double Emerging Business to ₹400 crore in 12 months
- Sundaram Home Finance, a subsidiary of Sundaram Finance, aims to double its Emerging Business segment to ₹400 crore in the next 12 months.
- The company has set up over 40 branches in Tamil Nadu and recently expanded into Andhra Pradesh. It plans to enter Telangana in the next phase of growth.
- The Emerging Business segment includes small business loans up to ₹20 lakh and affordable housing finance up to ₹35 lakh.
- Sundaram Home Finance aims to stabilize and strengthen the branch network in Tamil Nadu and Andhra Pradesh, expecting to double the current disbursements of ₹200 crore in the next 12 months.
HinduBusinessLine | 25 Feb, 2025
Sundaram Finance Q3 Results Review: Inline; Market Share Gain Drive Growth — Systematix Maintains 'Hold'
- Sundaram Finance Ltd. reported better than expected net interest income at Rs 6.4 billion.
- The growth was driven by healthy business growth and NIM (calc) expansion.
- Despite the festive season, the commercial vehicle segment continues to report weak sales growth.
- Systematix Institutional Equities maintains a 'Hold' rating for Sundaram Finance.
Bloomberg Quint | 4 Feb, 2025
ONGC, Aptus Value, Medplus, Aarti Industries, Greenlam, Mahindra Lifespace, Neogen Q3 Review: HDFC Securities
- Brokerages give 'Buy' rating to Mahindra Lifespace, Neogen, and Medplus.
- They give 'Add' rating to Greenlam and Aarti Industries.
- They give 'Reduce' rating to Aptus Value, Sundaram Finance, and ONGC.
- HDFC Securities releases Q3 review of ONGC, Aptus Value, Medplus, Aarti Industries, Greenlam, Mahindra Lifespace, and Neogen.
Bloomberg Quint | 4 Feb, 2025
Sundaram Finance posts 16% rise in Q3 net at ₹349 cr, declares 140% dividend
- Sundaram Finance reported a 16% rise in net profit to ₹349 crore in Q3 FY25.
- The company declared an interim dividend of ₹14 per share (140%) for FY25.
- Interest income increased by 24% to ₹1,478 crore in Q3 FY25.
- Total income grew by 23% to ₹1,664 crore in the corresponding quarter.
HinduBusinessLine | 3 Feb, 2025
Sundaram Home Finance Forays Into Andhra Pradesh Market; Eyes Rs 75 Crore Disbursement
- Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd., has entered the Andhra Pradesh market and has inaugurated five branches in Guntur, Tirupati, Nellore, Eluru, and Vijayawada.
- Under the emerging business segment, the company aims to achieve disbursements of around Rs 75 crore.
- Sundaram Home Finance offers small business loans of up to Rs 20 lakh and affordable housing finance, providing home loans of up to Rs 35 lakh.
- The company plans to open 12 branches in Andhra Pradesh over the next 12 months and aims to more than double its branch network in the state.
Bloomberg Quint | 24 Dec, 2024
Sundaram Finance Q2 Results Review - Earnings Miss Due To Lower Other Income; Asset Quality Stable: Systematix
- Sundaram Finance Q2 earnings miss due to lower other income.
- Asset quality remains stable.
- Systematix maintains a 'Hold' rating on the stock.
- Revised target price of Rs 4,300.
Bloomberg Quint | 6 Nov, 2024
Sundaram Finance Q2 Results Review - Earnings Miss Due To Lower Other Income; Asset Quality Stable: Systematix
- Sundaram Finance Q2 earnings miss due to lower other income.
- Asset quality remains stable.
- Systematix maintains a 'Hold' rating on the stock.
- Revised target price of Rs 4,300.
Bloomberg Quint | 5 Nov, 2024
Sundaram Finance reports a 7% drop in Q2 profit, H1 profit stays flat
- Sundaram Finance reports a 7% drop in Q2 profit, H1 profit stays flat.
- Total income rose to ₹1,612 crore from ₹1,378 crore, but higher total expenses weighed on profits.
- For H1FY25, PAT remained stable at ₹648 crore, and net interest income increased by 19%.
- Sundaram Finance's assets under management grew 20% to ₹48,058 crore, and NPA ratios declined.
HinduBusinessLine | 4 Nov, 2024
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Sundaram Finance FAQs
When was Sundaram Finance founded?
Sundaram Finance was founded in 1954. The company has been operating for 71 years primarily in the NBFC sector.
Where is the Sundaram Finance headquarters located?
Sundaram Finance is headquartered in Chennai, Tamil Nadu. It operates in 3 cities such as Chennai, Ahmedabad, Asansol. To explore all the office locations, visit Sundaram Finance locations.
How many employees does Sundaram Finance have in India?
Sundaram Finance currently has more than 5,000+ employees in India. Finance & Accounting department appears to have the highest employee count in Sundaram Finance based on the number of reviews submitted on AmbitionBox.
Does Sundaram Finance have good work-life balance?
Sundaram Finance has a work-life balance rating of 4.0 out of 5 based on 800+ employee reviews on AmbitionBox. 82% employees rated Sundaram Finance 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Sundaram Finance work-life balance reviews for more details
Is Sundaram Finance good for career growth?
Career growth at Sundaram Finance is rated as moderate, with a promotions and appraisal rating of 3.3. 18% employees rated Sundaram Finance 3 or below, while 82% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Sundaram Finance promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Sundaram Finance?
Working at Sundaram Finance comes with several advantages and disadvantages. It is highly rated for job security, company culture and work life balance. However, it is poorly rated for promotions / appraisal, based on 800+ employee reviews on AmbitionBox.
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