Sundaram Finance looks to grow AUM beyond Rs 50,000 crore in 3 years

Sundaram Finance Ltd is reworking strategy to bring down the share of lending to the medium and heavy commercial vehicle (MHCV) segment from 25 per cent to below 20 per cent in expanding loan book in medium term.

The Chennai-based non-banking finance company is looking to scale up SME lending share to 8-10 per cent share from present two per cent over the medium term.

Rajiv Lochan, its managing director said the finance expects assets under management (AUMs) to cross Rs 50,000 crore in three years from its current base of Rs 31,980 crore at the end of September 2022, Rajiv Lochan, managing director said. The AUM was at Rs 29,811 crore in September 2021.