Cholamandalam Investment and Finance Company explained

Cholamandalam Investment and Finance Company
Type:	Public
Industry:	Financial services
Location City:	Chennai, Tamil Nadu
Location Country:	India
Num Employees:	13,248 (2023)^[1]
Revenue:	(FY24)
Operating Income:	(FY24)
Net Income:	(FY24)^[2]
Aum:	(FY24)
Subsid:	Cholamandalam Home Finance Limited (CHFL) Cholamandalam Securities Limited (CSEC)
Parent:	Murugappa Group
Products:	Vehicle Finance, Home Loans, Mortgage Loans, Wealth Management

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.

As of 2024, the company has 1,387 branches across the country^[2] and more than 54,000 employees, with the majority being in smaller towns.^{[5] [6]}

The company was ranked 9th among the top 50 NBFCs in India by The Banking and Finance Post.^[7]

Notes and References

1. Web site: Business Responsibility & Sustainability Report . Cholamandalam . 1 June 2024.
2. Web site: Corporate Presentation - March 2024 . BSE . Cholamandalam Investment and Finance Company Limited . 1 June 2024.
3. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4493047 "Company Overview of Cholamandalam Investment and Finance Company Limited"
4. News: Chola to maintain 22-25% AUM growth in FY24 . 1 June 2024 . The Hindu . 11 May 2023 . https://web.archive.org/web/20230523151502/https://www.thehindu.com/business/chola-to-maintain-22-25-aum-growth-in-fy24/article66838920.ece . 23 May 2023 . en-IN.
5. Web site: Cholamandalam charts out future growth path. Balachandar. G.. Business Line. 4 July 2019 . en. 2019-09-02.
6. Web site: Cholamandalam Investment clocks net profit at Rs 291.86 crore in fourth quarter of 2018-19. www.businesstoday.in. 27 April 2019 . 2019-09-02.
7. Web site: India's Top 50 NBFCs Ranking NBFC in India. bfsiNetwork. 2017-10-17. BFSI. en-US. 2019-09-02.