Cholamandalam Investment and Finance Company Limited (often called Chola) is a leading non-banking financial company (NBFC) headquartered in Chennai, Tamil Nadu, India, and is part of the Murugappa Group, one of India’s oldest and largest business conglomerates.
Founded: 1978 — established as a financial services arm of the Murugappa Group.
Headquarters: Chennai, Tamil Nadu, India.
What It Does
Cholamandalam operates as a comprehensive financial services provider offering a wide suite of credit and financial products, such as:
- Vehicle finance (two-wheeler, cars, commercial vehicles, tractors)
- Home loans & mortgage products
- Loans against property (LAP)
- SME (small & medium enterprise) loans
- Secured business & personal loans (SBPL)
- Consumer & small enterprise loans (CSEL)
- Wealth management, investment advisory, and related financial services
The company serves millions of customers across India through thousands of branches nationwide.
Presence & Scale
Branch Network: Over 1, 600 branches across India.
Customer Base: Tens of lakhs of customers (millions).
Assets Under Management (AUM): Nearly ₹2 lakh crore — representing significant scale in retail and asset financing.
Recent Highlights & Performance
Cholamandalam has reported strong financial performance, including steady growth in profits and loan disbursements — with notable contributions from vehicle finance and LAP segments.
The company also continues to expand its product offerings into new segments like gold loans and maintain healthy asset quality and capital adequacy metrics.