Chennai: S Viji stepped down as chairman of Sundaram Finance on Wednesday after leading the company for 21 years. The board elected R Venkatraman, an independent director, as the new chairman, the NBFC informed the stock exchanges.
“In view of my age and other personal considerations, I wish to relinquish my office as non-executive director and chairman of the board with effect from the close of the board meeting on Nov 4, 2026. It has been a privilege and honour for me to serve this company on the board for the last 40 years and as chairperson for 21 years,” Viji said in his resignation letter. On Wednesday, Sundaram Finance reported a 21% rise in profit after tax (PAT) to Rs 475 crore in the quarter ended Sept 30, 2026, from Rs 394 crore in the year-ago quarter. Disbursements in H1 FY27 grew 25% to Rs 19,302 crore from Rs 15,423 crore in H1 FY26. Assets under management (AUM) stood at Rs 65,992 crore as of Sept 30, 2026.
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“Our outlook for H2 is constructive on growth, coupled with a need to monitor external factors, including geopolitical tensions, the direction of monetary policy and the impact of a below-normal monsoon on sentiment,” Rajiv Lochan, MD of the company, said in a statement. Download the TOI App.