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]
History
In 2005, DBS Bank acquired a 37.5% stake in Cholamandalam Investment and Finance Company, with the Murugappa Group lowering its stake to 37.5%. The company was subsequently renamed as Cholamandalam DBS Finance.[7] In 2010, DBS Bank sold its entire stake back to Murugappa Group and exited the joint venture.[8]
References
- Business Responsibility & Sustainability Report Cholamandalam, retrieved 1 June 2024^
- Corporate Presentation - March 2024 BSE, Cholamandalam Investment and Finance Company Limited, retrieved 1 June 2024^
- Company Overview of Harvard Pilgrim Health Care, Inc. Bloomberg, Bloomberg L.P., retrieved 5 March 2026^
- Chola to maintain 22-25% AUM growth in FY24 The Hindu, 11 May 2023, retrieved 1 June 2024^
- G. Balachandar. Cholamandalam charts out future growth path Business Line, 4 July 2019, retrieved 2019-09-02^
- Cholamandalam Investment clocks net profit at Rs 291.86 crore in fourth quarter of 2018-19 www.businesstoday.in, 27 April 2019, retrieved 2019-09-02^
- DBS to pay Rs 228 cr for 37.5% in Chola Inv Business Standard, 17 June 2005, retrieved 21 October 2024^
- DBS Bank sells stake in Cholamandalam DBS Fin to Murugappa Group The Economic Times, 9 April 2010, retrieved 21 October 2024^