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Cholamandalam Investment and Finance Company

Summary

Cholamandalam Investment and Finance Company Limited (CIFCL) is an Indian financial and investment service provider with headquartered in Chennai, India. The company has 1029 branches across the country.[4]

Cholamandalam Investment and Finance Company Limited
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 ₹12,978 crore (US$1.6 billion) (FY23)[1]
Increase ₹3,615 crore (US$450 million) (FY23)[1]
Increase ₹2,666 crore (US$330 million) (FY23)[1]
AUMIncrease ₹112,782 crore (US$14 billion) (FY23)[2]
Number of employees
7,000 (2019[3])
ParentMurugappa Group
SubsidiariesCholamandalam Home Finance Limited (CHFL)
Cholamandalam Securities Limited (CSEC)
Websitewww.cholamandalam.com

It is one of the 28 businesses under the Murugappa Group. 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]

As of 2019, the company had total assets under management at Rs 54,279 crore with a Net income of Rs 1,885.34 crore.[6] The company was ranked 9th among the top 50 NBFCs in India by The Banking and Finance Post.[7]

References edit

  1. ^ a b c "Chola Invest & Finance Q4 net profit up 24%". The Economic Times. 4 May 2023. Retrieved 29 May 2023.
  2. ^ "Cholamandalam Investment Q4 net profit jumps 24% to ₹853 crore". The Hindu Businessline. 3 May 2023. Retrieved 29 May 2023.
  3. ^ "Cholamandalam charts out future growth path". 4 July 2019.
  4. ^ "Company Overview of Cholamandalam Investment and Finance Company Limited"
  5. ^ Balachandar, G. (4 July 2019). "Cholamandalam charts out future growth path". @businessline. 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.
  7. ^ bfsiNetwork (17 October 2017). "India's Top 50 NBFCs Ranking | NBFC in India". BFSI. Retrieved 2 September 2019.