CHENNAI: As part of its strategic South India expansion, Sundaram Home Finance (HF) is now foraying into Telangana in the emerging business (EB) segment comprising small business loans and affordable housing finance.

“Our plan in the initial phase is to open around 10 new emerging business branches in Telangana. We are looking at disbursements of Rs 120-150 crore over the next 12 months in this segment in the state,” said D Lakshminarayanan, MD, Sundaram HF, on the EB segment it diversified into in October 2022.

Since then, the company has expanded to over 50 branches, a majority of which are in TN and is now looking to expand its presence outside the state.

In the first half of the year, the EB segment had registered disbursements of Rs 229 crore, a three-fold growth over the first ha

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