Sundaram Finance Limited was established in 1954 with a paid-up capital of Rs. 2 Lakhs and promoted by Madras Motor & General Insurance Company. It 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 nationwide presence of nearly 640 branches, over two lakh depositors, and three lakh commercial vehicle and car finance customers. Today, it 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.