Sundaram Finance Ltd, a leading Non-Banking Financial Company, has announced that S Viji has relinquished his position as Non-Executive Director and Chairman of the Board with effect from November 4, 2026, citing age and personal considerations. The Board has elected Independent Director R Venkatraman as the new Chairman.
Viji served on the company’s Board for 40 years, including 21 years as Chairman. In his resignation letter, he described his association with the company as a privilege and wished it continued prosperity.
Five decades of industry experience
Viji has more than five decades of experience across banking, finance, insurance and automotive component manufacturing.
He is also Executive Chairman of Brakes India Pvt Ltd. He holds a B.Com degree, is a chartered accountant and has an MBA from the University of Michigan.
Company reports strong growth
Sundaram Finance reported a 21% year-on-year increase in standalone net profit to ₹475 crore in Q2 FY27.
Revenue from operations rose 18% to ₹2,147 crore, while loan disbursements increased 28% to ₹10,355 crore. Assets under management grew 19% to ₹65,992 crore as of September 2026.
Brakes India MD Sriram Viji co-opted
For FY26, the company reported standalone net profit of ₹1,834 crore, up 19% from the previous year.
Meanwhile Sriram Viji, a member of the promoter group and Managing Director of Brakes India, has been co-opted as an Additional Director on the Board. He will function as Non-Executive, Non Independent Director.