Cholamandalam Investment and Finance Company Ltd
CHOLAFIN
511243Intimation Under Reg.31A(8) Of SEBI (LODR) Regulations
Intimation under Reg. 31A(8) of SEBI (LODR) Regulations, 2015 regarding the NOC received from
Cholamandalam Investment and Finance Company Ltd (Chola), part of the Murugappa Group, is a prominent diversified non-banking financial company (NBFC) headquartered in Chennai, India. Incorporated in 1978, Chola provides a wide range of financial products and services, with a strong presence in vehicle finance, loan against property, home loans, SME loans, consumer & small enterprise loans, and secured business lending. The company has built an extensive pan-India network with over 1,200 branches, focusing on both urban and rural geographies to reach under-served and emerging customer segments.
Intimation Under Reg.31A(8) Of SEBI (LODR) Regulations
Intimation under Reg. 31A(8) of SEBI (LODR) Regulations, 2015 regarding the NOC received from
Announcement under Regulation 30 (LODR)-Allotment
Company confirms allotment of 35000 secured listed rated redeemable ncds on 21st August 2026
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Intimation on allotment of equity 43050 shares
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Uploaded Transcript of the Earnings Call
Cholamandalam Investment and Finance Company Ltd
About
Cholamandalam Investment and Finance Company Ltd (Chola), part of the Murugappa Group, is a prominent diversified non-banking financial company (NBFC) headquartered in Chennai, India. Incorporated in 1978, Chola provides a wide range of financial products and services, with a strong presence in vehicle finance, loan against property, home loans, SME loans, consumer & small enterprise loans, and secured business lending. The company has built an extensive pan-India network with over 1,200 branches, focusing on both urban and rural geographies to reach under-served and emerging customer segments.
Chola's ethos revolves around prudent risk management, customer-centric product innovation, and leveraging technology-driven platforms for greater operational efficiency. Over the years, the company has strengthened its position as a leading financier to retail and MSME customers, particularly in commercial vehicle and tractor financing. Its focus on diversification, digital enablement, and sustainable lending practices has enhanced its reputation as a trusted provider in India's NBFC sector.
Business Model & Strategy
Chola's core revenue streams are interest income and fee-based income derived from its asset-backed lending activities. The company primarily finances new and used commercial vehicles, passenger vehicles, two-wheelers, tractors, construction equipment, housing, and small businesses through loans, leasing, and refinancing products. Chola manages credit risk through robust underwriting standards and specialized collections infrastructure, ensuring asset quality and profitability.
Growth strategies include geographic expansion into underserved rural and semi-urban markets, product diversification to address emerging credit needs, and investing in digital origination, analytics, and customer service. Strategic partnerships with automotive OEMs and fintech platforms further augment its distribution capabilities. Chola is also focusing on strengthening its SME lending and affordable housing segments to broaden its customer base and promote inclusive growth.
Management Overview
11 MembersMr.SUBBIAH VELLAYAN
Executive Director-Chairperson related to PromoterMr.Ajay Bhatia
Chief Risk OfficerDArulSelvan
Executive Vice President & Chief Financial OfficerMr.RAMESH RAJAN NATARAJAN
Non-Executive - Independent Director-Shareholder DirectorMs.BHAMA KRISHNAMURTHY
Non-Executive - Independent Director-Shareholder DirectorMr.MURUGAPPAN ARUNACHALAMMURUGAPPAN ARUNACHALAM
Non-Executive - Non Independent DirectorMr.ANAND KUMAR
Non-Executive - Independent Director-Shareholder DirectorMr.MANGALAM SUBRAMANIAN KUMAR
Non-Executive - Independent Director-Shareholder DirectorMr.RAMKUMAR RAMAMOORTHY
Non-Executive - Independent Director-Shareholder DirectorMr.RAVINDRA KUMAR KUNDU
Executive Director-MDMs. PSujatha
Company Secretary & Compliance OfficerAwards & Recognition
5 Awards- Ranked among India's leading NBFCs by CRISIL and ICRA in 2024 for asset quality and governance standards
- Featured in AsiaMoney Best Companies Poll 2024 – recognized for management excellence
- Awarded 'Best Employer' in BFSI sector by Great Place to Work India, 2023
- Consistent high credit ratings (AA+/AAA) reaffirmed by major rating agencies as of 2024
- Recognized for strong ESG practices and responsible lending in 2024 annual disclosures
Market Information
Company Timeline
46+ Years of Excellence | 8 Major Milestones
Incorporated as the financial services arm of the Murugappa Group
Entered the vehicle finance business, establishing a core segment
Listed on the BSE and NSE
Launched home equity and loan against property products
Expanded into SME business lending and home loans
Achieved 700+ branch network; strengthened rural presence
Crossed ₹1 lakh crore in assets under management (AUM)
Launched digital lending platforms; expanded into newer product segments and partnerships
The Next Evolution
Contact Information
Registered Office
Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy
Tel: 044-40907172,
Fax: 044-40906464,
Email: investors@chola.murugappa.com
Website: cholamandalam.com
Corporate Actions
25| Purpose | Ex Date | Record Date | BC Start | BC End |
|---|---|---|---|---|
Final Dividend ₹0.70 per share | 21 Jul 2026 Tuesday | 21 Jul 2026 Tuesday | - | - |
Interim Dividend ₹1.30 per share | 05 Feb 2026 Thursday | 05 Feb 2026 Thursday | - | - |
Final Dividend ₹0.70 per share | 24 Jul 2025 Thursday | 24 Jul 2025 Thursday | - | - |
Interim Dividend ₹1.30 per share | 07 Feb 2025 Friday | 07 Feb 2025 Friday | - | - |
Final Dividend ₹0.70 per share | 19 Jul 2024 Friday | - | 20 Jul 2024 Saturday | 26 Jul 2024 Friday |
Interim Dividend ₹1.30 per share | 07 Feb 2024 Wednesday | 07 Feb 2024 Wednesday | - | - |
Final Dividend ₹0.70 per share | 25 Jul 2023 Tuesday | - | 26 Jul 2023 Wednesday | 01 Aug 2023 Tuesday |
Interim Dividend ₹1.30 per share | 10 Feb 2023 Friday | 10 Feb 2023 Friday | - | - |
Final Dividend ₹0.70 per share | 21 Jul 2022 Thursday | - | 25 Jul 2022 Monday | 29 Jul 2022 Friday |
Interim Dividend ₹1.30 per share | 10 Feb 2022 Thursday | 11 Feb 2022 Friday | - | - |
Final Dividend ₹0.70 per share | 22 Jul 2021 Thursday | - | 26 Jul 2021 Monday | 30 Jul 2021 Friday |
Interim Dividend ₹1.30 per share | 09 Feb 2021 Tuesday | 10 Feb 2021 Wednesday | - | - |
Interim Dividend ₹0.70 per share | 04 Mar 2020 Wednesday | 05 Mar 2020 Thursday | - | - |
Interim Dividend ₹1 per share | 23 Dec 2019 Monday | 24 Dec 2019 Tuesday | - | - |
Final Dividend ₹0.40 per share | 22 Jul 2019 Monday | - | 24 Jul 2019 Wednesday | 30 Jul 2019 Tuesday |
Stock Split From Rs.10/- to Rs.2/- | 14 Jun 2019 Friday | 17 Jun 2019 Monday | - | - |
Interim Dividend ₹4.50 per share | 08 Feb 2019 Friday | 11 Feb 2019 Monday | - | - |
Final Dividend ₹2 per share | 18 Jul 2018 Wednesday | - | 20 Jul 2018 Friday | 26 Jul 2018 Thursday |
Interim Dividend ₹4.50 per share | 09 Feb 2018 Friday | 12 Feb 2018 Monday | - | - |
Final Dividend ₹2 per share | 19 Jul 2017 Wednesday | - | 21 Jul 2017 Friday | 27 Jul 2017 Thursday |
Interim Dividend ₹3.50 per share | 06 Feb 2017 Monday | 07 Feb 2017 Tuesday | - | - |
Final Dividend ₹2 per share | 21 Jul 2016 Thursday | - | 25 Jul 2016 Monday | 29 Jul 2016 Friday |
Interim Dividend ₹2.50 per share | 09 Feb 2016 Tuesday | 10 Feb 2016 Wednesday | - | - |
Final Dividend ₹1 per share | 23 Jul 2015 Thursday | - | 27 Jul 2015 Monday | 31 Jul 2015 Friday |
Interim Dividend ₹2.50 per share | 05 Feb 2015 Thursday | 06 Feb 2015 Friday | - | - |
₹1,54,659 Cr.
₹1,813
₹1,953 / 1,299
26.75
₹357.25
5.08
₹67.83
₹2.00
0.11 %
Manage Ratio
FINANCIALS
| Annual Results | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | - | - | - | 7,109 | 8,713 | 9,584 | 10,232 | 13,106 | 19,420 | 26,153 | 31,539 | 33,142 |
| Expenses | - | - | - | 5,277 | 7,124 | 7,536 | 7,324 | 9,491 | 14,815 | 20,411 | 24,566 | 25,478 |
| Profit | - | - | - | 1,197 | 1,054 | 1,521 | 2,154 | 2,665 | 3,420 | 4,263 | 5,233 | 5,751 |
| Tax | - | - | - | 635 | 534 | 527 | 749 | 938 | 1,195 | 1,481 | 1,744 | 1,917 |
| EPS | - | - | - | 77 | 13 | 19 | 26 | 32 | 41 | 51 | 62 | 19.43 |
| Ratios | - |
Cash Flow
Consolidated Figures in Rs. Crores
| Annual Balance Sheet | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | - | - | - | 57,490 | 64,049 | 74,644 | 82,479 | 1,13,627 | 1,56,686 | 2,01,887 | 2,45,448 | - |
| Equity And Liabilities | - | - | - | 57,490 | 64,049 | 74,644 | 82,479 | 1,13,627 | 1,56,686 | 2,01,887 | 2,45,448 | - |
Shareholding Pattern
Numbers in Percentages
| Quarterly SHP Announcement Date | Mar 2016 12 Apr '16 | Mar 2017 31 Mar '17 | Mar 2018 31 Mar '18 | Mar 2019 21 Apr '19 | Mar 2020 14 May '20 | Mar 2021 19 Apr '21 | Mar 2022 21 Apr '22 | Mar 2023 20 Apr '23 | Mar 2024 19 Jun '24 | Mar 2025 21 Apr '25 | Mar 2026 20 Apr '26 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goverments | - | - | - | - | - | - | - | - | - | - | - | - |
| Promoter And Promoter Group | - | - | - | 53.06% | 51.65% | 51.62% | 51.55% | 51.47% | 50.35% | 49.92% | 49.25% | - |
| Non Institutions | - | - | - | 11.02% | 9.11% | 7.46% | 7.84% | 7.43% | 6.61% | 6.36% | 5.96% | - |
| FII | - | - | - | - | - | - | - | 19.63% | 26.00% | 28.23% | 24.87% | - |
| DII | - | - | - | - | - | - | - | 21.47% | 17.04% | 15.49% | 19.91% | - |
| Total | - | - | - | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | - |
Cholamandalam Investment and Finance Company Ltd
Cholamandalam Investment and Finance Company Ltd
Cholamandalam Investment and Finance Company Ltd (Chola), part of the Murugappa Group, is a prominent diversified non-banking financial company (NBFC) headquartered in Chennai, India. Incorporated in 1978, Chola provides a wide range of financial products and services, with a strong presence in vehicle finance, loan against property, home loans, SME loans, consumer & small enterprise loans, and secured business lending. The company has built an extensive pan-India network with over 1,200 branches, focusing on both urban and rural geographies to reach under-served and emerging customer segments.
Chola's ethos revolves around prudent risk management, customer-centric product innovation, and leveraging technology-driven platforms for greater operational efficiency. Over the years, the company has strengthened its position as a leading financier to retail and MSME customers, particularly in commercial vehicle and tractor financing. Its focus on diversification, digital enablement, and sustainable lending practices has enhanced its reputation as a trusted provider in India's NBFC sector.
Chola's core revenue streams are interest income and fee-based income derived from its asset-backed lending activities. The company primarily finances new and used commercial vehicles, passenger vehicles, two-wheelers, tractors, construction equipment, housing, and small businesses through loans, leasing, and refinancing products. Chola manages credit risk through robust underwriting standards and specialized collections infrastructure, ensuring asset quality and profitability.
Growth strategies include geographic expansion into underserved rural and semi-urban markets, product diversification to address emerging credit needs, and investing in digital origination, analytics, and customer service. Strategic partnerships with automotive OEMs and fintech platforms further augment its distribution capabilities. Chola is also focusing on strengthening its SME lending and affordable housing segments to broaden its customer base and promote inclusive growth.
Ranked among India's leading NBFCs by CRISIL and ICRA in 2024 for asset quality and governance standards
Featured in AsiaMoney Best Companies Poll 2024 – recognized for management excellence
Awarded 'Best Employer' in BFSI sector by Great Place to Work India, 2023
Consistent high credit ratings (AA+/AAA) reaffirmed by major rating agencies as of 2024
Recognized for strong ESG practices and responsible lending in 2024 annual disclosures
Incorporated as the financial services arm of the Murugappa Group
Entered the vehicle finance business, establishing a core segment
Listed on the BSE and NSE
Launched home equity and loan against property products
Expanded into SME business lending and home loans
Achieved 700+ branch network; strengthened rural presence
Crossed ₹1 lakh crore in assets under management (AUM)
Launched digital lending platforms; expanded into newer product segments and partnerships
Peer Comparison
| S.No. | Company Name | CMP (₹) | Market Cap (₹ Cr) | Div Yld (%) | NP Qtr (₹ Cr) | Qtr Profit Var (%) | Sales Qtr (₹ Cr) | Qtr Sales Var (%) | ROCE (%) | ROE (%) | Book Value (₹) | EPS TTM (₹) | TTMPE Ratio (₹) |
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Heatmap View
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Financial Ratios
Premium Feature| Company Name | P/E (TTM) | EPS (₹) | D/E | NPM | GPM | ROE (%) | ROCE (%) | P/B | |||||
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