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Sundaram Motors

Sundaram Motors

Sundaram Motors is a division of TVS & Sons Madurai, Sundaram Motors has been in the automobile industry for over six decades and has a strong association with reputed automobile vehicle manufacturers and corporate suppliers. Sundaram Motors' turnover exceeds Rs. 1670 crores (USD 397 million for the year ended March 31, 2009) and is involved in sales and service of cars and commercial vehicles apart from after- market parts distribution. The division has 11 dealerships for cars, 12 dealerships for commercial vehicles and a network of 29 parts distribution outlets. Over time, the ambitious expansion of the parts distribution business has firmly established Sundaram Motors as one of the largest distributors of automobile components manufactured by some of the most prominent companies in the automobile ancillary industry in India. The network caters to over 6000 retailers in the country.

Royal Sundaram General Insurance Co. Limited

Royal Sundaram General Insurance Co. Limited

Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram Alliance Insurance Company Limited), a subsidiary of Sundaram Finance, is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. The company was initially promoted as a joint venture between Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India and Royal & SunAlliance Insurance plc, UK, one of the oldest general insurer in the UK. In July 2015, Sundaram Finance acquired the 26% equity holding from Royal & SunAlliance Insurance plc. Consequently, the entire 100% equity holding is now held by Sundaram Finance (75.90%) and other Indian Shareholders (24.10%).

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