Sundaram Finance Limited, based on the huge potential in housing sector (considering the large shortfall in dwelling units) and with an aim to make housing loans available to both formal and informal section of society established Sundaram Home Finance Limited. Incorporated on July 2, 1999, as a subsidiary of Sundaram Finance Limited (under the Companies Act 1956). Also The Company has obtained (Certificate of Registration) under Section 29A of NHB ACT 1987 from National Housing Bank- (which is a regulator and advisory for Home Loan Companies) To leverage the market potential Sundaram Finance Limited (SFL) and BNP Paribas Personal Finance (Formerly Union de Credit pour le Batiment (UCB) a wholly-owned subsidiary of BNP Paribas France), entered into a joint venture agreement on 9 th of May 2007, for a foray into the Home Loan Market in India. UCB acquired a 49.9% stake in Sundaram Home Finance Limited Consequent to the completion of the statutory regulatory approvals, the Company was renamed as Sundaram BNP Paribas Home Finance Limited effective 28th November 2007.
Sundaram BNP Paribas Home Finance combines its expertise in Home Finance with the Service Orientiation of its promoter Sundaram Finance.