Lakshminarayanan is MD Sundaram Home Finance

Chennai, Apr 2(): Leading non-banking financecompany Sundaram Finance Ltd has appointed D Lakshminarayananas the managing director of its subsidiary Sundaram HomeFinance.

Lakshminarayanan succeeds Srinivas Acharya, who hadbeen the managing director since 2010 and was part of SundaramFinance Group for almost four decades, a press release said.

Lakshminarayanan has been associated with SundaramFinance Group for over a decade.

In the financial year 2019, Sundaram Home Financereported total income of Rs 1,006.27 crore and a net profit ofRs 145.48 crore.

It has 115 branches across the country. VIJ SS