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Cholamandalam Finance Reviews

Chennai, Tamil Nadu

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Cholamandalam Investment and Finance Company Limited (Chola), incorporated on August 17, 1978, is a premier diversified non-banking financial company (NBFC) and investment service provider in India. Functioning as the financial services arm of the prominent Chennai-based conglomerate, the Murugappa Group, the company commenced business as an equipment financing provider and has since evolved into a comprehensive financial services giant. Headquartered in Chennai, Tamil Nadu, Chola is publicly listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbol CHOLAFIN. The core operations of Chola span multiple critical business verticals designed to address a wide spectrum of customer credit requirements. Its foundational and largest segment is Vehicle Finance, which offers structured credit solutions for the purchase of new and used commercial vehicles, passenger cars, multi-utility vehicles, tractor and farm equipment, and construction equipment. Another core driver is the Loan Against Property (LAP) vertical, delivering long-term secured business and personal loans against immovable property. The company's Home Loans segment facilitates the acquisition, self-construction, extension, and improvement of residential units. Additionally, Chola has expanded its portfolio to encompass SME/MSME loans, supply chain finance, secured business personal loans, consumer and small enterprise loans, gold loans, and financial products like stock broking, mutual fund distribution, and wealth management services. Chola's distribution network is expansive, featuring over 1,761 branches across 32 states and union territories. It places a strategic emphasis on rural and semi-urban geographies, ensuring financial inclusion by serving a growing clientele of over 44.7 lakh customers. Operationally, the organization relies on a workforce exceeding 71,260 professionals to maintain high-touch relationship models alongside efficient digital underwriting capabilities. Financially, the company has established strong indicators of stable growth and risk management. For the fiscal year ending March 31, 2026, Cholamandalam Investment and Finance Company reported a total consolidated revenue from operations of INR 31,073.1 crore, yielding an increase of approximately 20% compared to the prior financial period. Its profit after tax (PAT) rose by 23% to reach INR 5,228.9 crore, complemented by an EBITDA of INR 7,256.9 crore. The enterprise actively manages assets under management (AUM) exceeding INR 2.27 lakh crore. Guided by Executive Director Ravindra Kumar Kundu and Chairman Vellayan Subbiah, Chola maintains its core mission of putting customers first, shifting from product-focused to customer-centric models to achieve long-term sustainability while enabling customers to enter a better life.