Cholamandalam Investment and Finance Company

Cholamandalam Investment and Finance Company
Company typePublic
IndustryFinancial services
Founded1978 (46 years ago) (1978)
Headquarters
Chennai, Tamil Nadu
,
India
Key people
  • Ravindra Kumar Kundu (Executive Director)
  • Vellayan Subbiah (Chairman & Non-Executive Director)
ProductsVehicle Finance, Home Loans, Mortgage Loans, Wealth Management
RevenueIncrease ₹19,216 crore (US$2.3 billion) (FY24)[1]
Increase ₹4,582 crore (US$550 million) (FY24)[1]
Increase ₹3,423 crore (US$410 million) (FY24)[1]
AUMIncrease ₹153,718 crore (US$18 billion) (FY24)[1]
Number of employees
13,248 (2023)[2]
ParentMurugappa Group
SubsidiariesCholamandalam Home Finance Limited (CHFL)
Cholamandalam Securities Limited (CSEC)
Websitewww.cholamandalam.com

Cholamandalam Investment and Finance Company Limited (CIFCL) is an Indian non-banking financial company and investment service provider, headquartered in Chennai.[3][4] Established in 1978, it is a part of the Murugappa Group.

As of 2024, the company has 1,387 branches across the country[1] and more than 54,000 employees, with the majority being in smaller towns.[5][6]

  1. ^ a b c d e "Corporate Presentation - March 2024" (PDF). BSE. Cholamandalam Investment and Finance Company Limited. Retrieved 1 June 2024.
  2. ^ "Business Responsibility & Sustainability Report" (PDF). Cholamandalam. Retrieved 1 June 2024.
  3. ^ "Company Overview of Cholamandalam Investment and Finance Company Limited"
  4. ^ "Chola to maintain 22-25% AUM growth in FY24". The Hindu. 11 May 2023. Archived from the original on 23 May 2023. Retrieved 1 June 2024.
  5. ^ Balachandar, G. (4 July 2019). "Cholamandalam charts out future growth path". Business Line. Retrieved 2 September 2019.
  6. ^ "Cholamandalam Investment clocks net profit at Rs 291.86 crore in fourth quarter of 2018-19". www.businesstoday.in. 27 April 2019. Retrieved 2 September 2019.