Cholamandalam Investment and Finance Company

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Cholamandalam Investment and Finance Company Limited
Traded as
IndustryFinancial Services
Founded1978 (46 years ago) (1978)
Headquarters
Chennai, Tamil Nadu
,
India
Key people
Arun Alagappan, (Managing Director)
ProductsVehicle Finance, Home Loans, Mortgage Loans, Wealth Management
₹1,885.34 crore (US$260 million) (FY19) [1]
Total assets₹54,279 crore (US$7.6 billion) (FY19) [1]
Number of employees
7000 plus (FY19) [2]
ParentMurugappa Group
SubsidiariesCholamandalam Home Finance Limited (CHFL)
Cholamandalam Securities Limited (CSEC)
Websitewww.cholamandalam.com

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. 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.[4]

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.[5]

References[edit]

  1. ↑ 1.0 1.1 1.2 "Cholamandalam Investment clocks net profit at Rs 291.86 crore in fourth quarter of 2018-19". www.businesstoday.in. Retrieved 2 September 2019.
  2. ↑ https://www.thehindubusinessline.com/money-and-banking/cholamandalam-charts-out-future-growth-path/article28286418.ece
  3. ↑ "Company Overview of Cholamandalam Investment and Finance Company Limited"
  4. ↑ Balachandar, G. "Cholamandalam charts out future growth path". @businessline. Retrieved 2 September 2019.
  5. ↑ bfsiNetwork (17 October 2017). "India's Top 50 NBFCs Ranking | NBFC in India". BFSI. Retrieved 2 September 2019.


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