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.
 | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | 1978 |
| Headquarters | , India |
Key people |
|
| Products | Vehicle Finance, Home Loans, Mortgage Loans, Wealth Management |
| Revenue |  ₹19,216 crore (US$2.3 billion) (FY24)[1] |
| ₹4,582 crore (US$550 million) (FY24)[1] | |
| ₹3,423 crore (US$410 million) (FY24)[1] | |
| AUM | ₹153,718 crore (US$18 billion) (FY24)[1] |
Number of employees | 13,248 (2023)[2] |
| Parent | Murugappa Group |
| Subsidiaries | Cholamandalam Home Finance Limited (CHFL) Cholamandalam Securities Limited (CSEC) |
| Website | www |
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]
History
editIn 2005, DBS Bank acquired a 37.5% stake in Cholamandalam Investment and Finance Company, with the Murugappa Group lowering its stake to 37.5%. The company was subsequently renamed as Cholamandalam DBS Finance.[7] In 2010, DBS Bank sold its entire stake back to Murugappa Group and exited the joint venture.[8]
References
edit- ^ a b c d e "Corporate Presentation - March 2024" (PDF). BSE. Cholamandalam Investment and Finance Company Limited. Retrieved 1 June 2024.
- ^ "Business Responsibility & Sustainability Report" (PDF). Cholamandalam. Retrieved 1 June 2024.
- ^ "Company Overview of Cholamandalam Investment and Finance Company Limited"
- ^ "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.
- ^ Balachandar, G. (4 July 2019). "Cholamandalam charts out future growth path". Business Line. Retrieved 2 September 2019.
- ^ "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.
- ^ "DBS to pay Rs 228 cr for 37.5% in Chola Inv". Business Standard. 17 June 2005. Retrieved 21 October 2024.
- ^ "DBS Bank sells stake in Cholamandalam DBS Fin to Murugappa Group". The Economic Times. 9 April 2010. Retrieved 21 October 2024.
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