Cholamandalam Investment and Finance Company

Cholamandalam Investment and Finance Company Limited (CIFCL) is a financial and investment service provider in India. It is headquartered in Chennai and has 1029 branches across the country.[3] It is one of the 28 businesses under the Murugappa Group.[4] It employees over 7,000 employees and also has about 16,000 people who assist in various business activities, with the majority being in smaller towns.[5]

Cholamandalam Investment and Finance Company Limited
TypePublic
IndustryFinancial services
Founded1978 (1978)
Headquarters
Chennai, Tamil Nadu
,
India
Key people
Arun Alagappan, (Managing Director)
ProductsVehicle Finance, Home Loans, Mortgage Loans, Wealth Management
RevenueIncrease₹5,840 crore (US$730 million) (FY2022)
Increase ₹2,855.24 crore (US$360 million) (FY2022)
Increase₹2,153.51 crore (US$270 million) (FY2022) [1]
Total assetsIncrease₹54,279 crore (US$6.8 billion) (FY2019) [1]
Number of employees
7000 plus (FY19) [2]
ParentMurugappa Group
SubsidiariesCholamandalam Home Finance Limited (CHFL)
Cholamandalam Securities Limited (CSEC)
Websitewww.cholamandalam.com

The company has total assets under management at Rs 54,279 crore with a Net income of Rs 1,885.34 crore as on 31 March 2019.[1] The company was ranked 9th among the top 50 NBFCs in India by The Banking and Finance Post.[6]

References
  1. "Cholamandalam Investment clocks net profit at Rs 291.86 crore in fourth quarter of 2018-19". www.businesstoday.in. Retrieved 2 September 2019.
  2. "Cholamandalam charts out future growth path".
  3. "Company Overview of Cholamandalam Investment and Finance Company Limited"
  4. "Chola MS Car Insurance: what is it, features and benefits,how to buy". Retrieved 22 March 2023.
  5. Balachandar, G. "Cholamandalam charts out future growth path". @businessline. Retrieved 2 September 2019.
  6. bfsiNetwork (17 October 2017). "India's Top 50 NBFCs Ranking | NBFC in India". BFSI. Retrieved 2 September 2019.
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