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Sundaram Finance Holdings Ltd is primarily engaged in the business of Investments, business processing, and support services. It has a 100% subsidiary which is an outsourcing company offering various support services to large and mid-sized firms in and outside India.
Sundaram Finance Holdings Limited is undergoing a name change to TSF INVESTMENTS LIMITED, with its stock symbol also changing to TSFINV. This operational update reflects a shift in branding for the company.
Sundaram Finance Holdings posted a consolidated net profit of ₹412.09 Cr for the year, down from ₹533.14 Cr mainly due to a previous one-time gain. Adjusted profit rose 15.28%. Dividend income from portfolio companies increased 30.6% to ₹209.52 Cr. The company exited non-core investments with a net gain of ₹53.99...