- Business
- Sundaram Finance Holdings Limited (SF Holdings), an exempted core investment company promoted by the TSF Group and listed on the National Stock Exchange of India under the ticker SUNDARMHLD.NS, primarily engages in strategic investments in automotive component and manufacturing companies; wheels and air suspension systems through Wheels India Limited; braking systems via Brakes India Private Limited; turbochargers and parts from Turbo Energy Private Limited; axle housings for commercial vehicles produced by Axles India Limited; automotive spare parts distribution by India Motor Parts & Accessories Limited; precision zinc and aluminium die-cast parts manufactured by Sundaram Dynacast Private Limited; iron castings for the automotive sector at Dunes Oman LLC (FZC); and other investments including Sundaram Clayton Limited, Lucas-TVS Limited, and TVS Holdings Limited. Through its wholly-owned subsidiaries, Sundaram Business Services Limited offers global business process outsourcing services including transaction processing, accounts payable, tele-calling, training, and learning primarily to clients in Australia; and Forge 2000 Private Limited provides manufacturing of forge components, pressing, stamping, and roll forming for the automotive industry. Founded in 1993 and headquartered at 21, Patullos Road, Chennai, India, the company operates with a geographic footprint spanning India, Oman, Australia, the United States, and the United Kingdom, targeting automotive original equipment manufacturers, aftermarket distributors, and outsourcing clients in industrials and specialty business services sectors. Recent developments include the acquisition in April 2025 by the company and its wholly-owned subsidiary Forge 2000 Private Limited of additional shares in Axles India Limited from Dana Global Products Inc., increasing its stake from 38.81% to 62.98% and converting Axles India into a subsidiary effective April 25, 2025; full acquisition of Forge 2000 Private Limited during FY 2024-25 to bolster manufacturing capabilities; divestment of its entire 3.19% stake in Delphi-TVS Technologies Limited for Rs 40 crore; and exit from D2C Consulting Services Private Limited, aligning with a strategy to streamline non-core investments; alongside receipt of elevated dividend income of Rs 209.52 crore from portfolio companies in FY 2024-25 compared to Rs 160.40 crore previously, reflecting robust performance in key automotive associates.