Company:Cholamandalam Investment and Finance Company
| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1978 |
| Headquarters | Chennai, Tamil Nadu , |
Key people | Arun Alagappan, (Managing Director & CEO)[1] |
| Products | Home Loans, Consumer Loans, Commercial Finance, Wealth Management Private Equity |
| Revenue |  ₹50.8 billion (US$710 million) (2017) |
| ₹460.4 billion (US$6.5 billion) (2017) | |
| Total assets | ₹660.8 billion (US$9.3 billion) (2017) |
| Parent | Murugappa Group |
| Website | [1] |
Cholamandalam Investment and Finance Company Limited is a financial and investment service provider in India. It is based in Chennai and has more than 1100 branches across the country.[2] The company offers consumer loans, wealth management, commercial finance, and infrastructure finance, among others.[3]
Overview
Cholamandalam Investment and Finance Company Limited, a subsidiary of Murugappa Group, was established in the year 1978. It is the financial services arm of the USD 11 billion Murugappa Group.[4] The company is registered with the Reserve Bank of India (RBI) as a Systematically Important Deposit Accepting Non-Banking Financial Company. Cholamandalam Investment and Finance offers services like commercial finance, investment banking, consumer loans, private equity, treasury advisory, and credit cards. It serves corporate, retail, and institutional customers through its Investment Arm.[5]
Business developments and initiatives
It is the fastest growing Investment and Finance company in India, growing at an annual rate of 36% for the past four years.[6] The company has shifted to a tech-driven business platform which have some advantages and international markets also respect that and also to drive the business using credit analytics and other technology initiatives.[7] As of 2017, December the group has a revenue of 46,000 Crores.[8]
References
- ↑ https://timesofindia.indiatimes.com/business/india-business/chola-md-steps-down-group-mould-arun-alagappan/articleshow/65155648.cms
- ↑ "Company Overview of Cholamandalam Investment and Finance Company Limited"
- ↑ [http://www.cholamandalam.com/overview.aspx "Loan Portfolio"
- ↑ " About"
- ↑ "Chola profit rises 36% on growth in auto lending biz"
- ↑ "Chola looking to ramp up home loan portfolio: MD"
- ↑ "Chola to open 100 branches this year"
- ↑ "We expect a great deal of improvement in vehicle financing in Q4: N Srinivasan, Chola Investments"
External links
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