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Down South, cautious optimism is back
When the managing director of Sundaram Finance Limited, the Chennai based NBFC and the leading player in the commercial vehicle and car finance business, TT Srinivasaraghavan says, “I believe in the India dream,” you have to take him seriously. His company has reported a net profit of Rs 150.73 crore for the year ended March 31, 2009. In a year when the commercial vehicle market crumbled spectacularly, Sundaram Finance’s income from operations crossed Rs1,000 crore.
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