Cholamandalam: Driving India’s Growth With Trusted Vehicle Finance

Introduction To Cholamandalam Investment And Finance Company Limited

Cholamandalam Investment and Finance Company Limited (Chola) is one of India’s most respected non-banking financial companies (NBFCs), with a strong presence in the vehicle finance segment. With a market capitalisation of INR 1.30 lakh crore, Chola has built its reputation by offering a wide range of financial products and services that are designed to meet the varied needs of its customers. Its offerings include different types of loans and tailored financial solutions that help individuals and businesses access the funds they need to grow and succeed.

Chola is part of the Murugappa Group, one of India’s oldest and most diversified business conglomerates, which has ten listed subsidiary companies on the NSE and BSE. This strong parentage gives Chola a solid foundation and credibility in the market. The company is also backed by some of the most respected institutional investors in the country, including SBI Mutual Fund, HDFC Mutual Fund, and Aditya Birla Sun Life Mutual Fund, along with leading global investment giants like Capital Group, Vanguard, and BlackRock. This combination of trusted ownership, strong investor confidence, and a customer-first approach has positioned Chola as a key player in India’s financial services industry.

Board Of Directors Of Cholamandalam Investment And Finance Company Ltd. 

Here is the list of the Board of Directors of Cholamandalam Investment and Finance Company Limited, along with their designations:

1. Mr. Vellayan Subbiah – Executive Chairman 

2. Mr. Ravindra Kumar Kundu – Managing Director 

3. Ms. Bhama Krishnamurthy – Independent Director 

4. Mr. N. Ramesh Rajan (N R Rajan) – Independent Director 

5. Mr. Anand Kumar – Independent Director 

6. Mr. M. A. M. Arunachalam – Non-Executive Director 

7. Mr. M. R. Kumar – Independent Director 

8. Mr. Ramkumar Ramamoorthy – Independent Director 

Source: CIFCL¹

Products Offered By CIFCL

Cholamandalam provides a wide array of financial solutions tailored to diverse customer needs, ranging from vehicle financing to investment services. 

A. Vehicle Finance

Chola is a key player in vehicle finance, offering loans for:

1. Cars (new and used): Up to 100% on-road cost, quick approvals, flexible repayment plans.
2. Two-wheelers: Easy financing options for bikes and scooters.
3. Commercial vehicles: Funding for new or used trucks, buses, and goods vehicles with competitive interest rates.
4. Construction equipment: Financing for machinery needed in sectors like infrastructure, mining, and material handling.

B. Home Loans And Loan Against Property

Chola offers tailored home loan solutions, including:

1. Home purchase, renovation, construction, and plot acquisition.
2. Attractive interest rates, flexible tenures, and balance transfer and top-up options.
3. Loan Against Property (LAP): Borrowers can unlock value from residential or commercial properties with flexible loan terms.

C. Loans For Small And Medium Enterprises (SMEs)

Recognising the needs of small businesses, Chola offers SME loans with simplified processing and flexibility in usage, ideal for working capital or expansion needs.

D. Rural And Agricultural Loans

To support rural borrowers and farmers, Chola provides Rural & Agri Loans. These help with farming equipment, crop support, and related working capital.

E. Wealth Management And Securities

Chola delivers wealth services including:

1. Mutual funds, fixed deposits (FDs), and structured investment products.
2. Stock broking, ETFs, and investment advisory services with personalised portfolio management.

Source: CIFCL²

Why These Products Matter

Chola’s wide product suite spans critical areas from asset financing to home ownership to financial investments, allowing it to serve a broad customer base effectively. Its strengths lie in fast approvals, flexible terms, minimal documentation, and being a one-stop financial partner for individuals and businesses.

Cholamandalam Investment And Finance Company Ltd. Customer Care

For any investment-related queries or support, CIFCL’s customer care team is here to help. You can reach them at 1800-102-4565 or email: customercare@chola.murugappa.com.

Driving Financial Growth With Trust And Experience

Cholamandalam Investment and Finance Company Limited, part of the prestigious Murugappa Group, has been a trusted name in India’s vehicle financing industry for over four decades. Known for its strong customer focus and transparent business practices, the company has played a key role in helping individuals and businesses achieve their financial goals. Its leadership in vehicle finance, combined with a diverse range of products such as home loans, SME loans, and loans against property, makes it a preferred choice for both urban and rural customers.

With a market capitalisation of over INR 1.30 lakh crore and a network of 1,500+ branches across India, Cholamandalam ensures easy access to financial services in every corner of the country. Backed by experienced leadership and the credibility of the Murugappa Group, the company continues to drive financial growth for millions of customers, offering reliable solutions that balance trust, innovation, and convenience.

Key Strengths Of Cholamandalam Investment And Finance Company Ltd.

1. Backed By The Murugappa Group
Cholamandalam is part of the Murugappa Group, one of India’s most respected and well-known business groups. The Murugappa Group operates in many industries, from engineering to finance, and has 10 companies listed on the NSE and BSE. Being part of such a strong group gives Cholamandalam access to decades of experience, credibility, and business connections.

2. Experienced Leadership And Strong Governance
The company is run by an experienced leadership team and a highly professional board. They bring deep knowledge in finance, automobiles, and technology. Chairman Vellayan Subbiah has more than 25 years of experience, while Managing Director Ravindra Kumar Kundu has over 30 years of experience in the auto and financial services sector. This strong leadership ensures the company remains focused, efficient, and forward-looking.

3. Established Track Record In Vehicle Finance
Cholamandalam has been in the vehicle finance business for over 40 years. Today, 58% of its total assets under management (AUM) come from vehicle loans. This makes it one of the most important players in India’s vehicle financing market, trusted by both individual customers and businesses.

4. Extensive Nationwide Presence
The company has a wide branch network across the country, with 1,557 branches in 26 states and 6 union territories. No single region, North, South, East, or West, accounts for more than one-third of the total branches. This balanced presence ensures that Chola can reach customers from large cities to rural towns.

5. Diversified Product Portfolio
Cholamandalam offers more than just vehicle finance. Its range of products includes home loans, loans against property, SME loans, Secured Business Personal Loans (SBPL), Consumer & Small Enterprises Loans (CSEL), and other tailored financial services. This diversity helps the company serve a wide variety of customers and reduces dependence on a single product.

6. Robust Financial Performance
The company’s business has grown steadily over the years. Its consolidated AUM has grown at an impressive 29% compound annual growth rate (CAGR), reaching INR 1,84,746 crore as of 31 March 2024. At the same time, its Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) have fallen for the past three financial years, showing strong financial health and effective risk management.

Financial Snapshot Of Cholamandalam Investment And Finance Company Ltd.

Source: Source: audited financials, credit rating reports

To arrange the capital, Cholamandalam Investment and Finance Company Ltd. also offers corporate bonds. These opportunities from the company are secured and are rated by credit rating agencies. On Grip Invest, investors invested in CREDIT ‘AA+’ rated bonds of the company that offered fixed returns of up to 7.95%. To invest in similar, rated, regulated, and secured fixed-income opportunities, sign up for Grip Invest today and start earning fixed returns:

References:

1. Cholamandalam Investment And Finance Company Ltd., accessed from: https://www.cholamandalam.com/about-us/board-directors

2.  Cholamandalam Investment And Finance Company Ltd., accessed from: https://www.cholamandalam.com/products

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