CHOLAFIN

Cholamandalam Investment and Finance Company Limited (Chola) incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking and a variety of other financial services to customers. The Company is listed on Bombay Stock Exchange and National Stock Exchange.

Business area of the company

The Company is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property.

Products/ Services

• Vehicle Loans
• Loans against property
• Home Loans
• SME Loans
• Rural & Agri Loans
• Wealth Management
• Securities

Awards

2015-16:

• Mahindra Transport Excellence Awards 2015 for ‘Commercial Vehicle Financier of the year’ under the category Driving Positive Change
• Daimler India Commercial Vehicles Award 2015 for ‘Best Financier in Lead Generation’

2016-17:

• Chola has won The Golden Globe Tigers Award for Excellence & Leadership in CSR

2017-18:

• Chola recognized as one of the Top 26 Innovative Organizations in India
• Chola wins The Star Award
• National Award for Excellence in CSR
• Golden Tigers Award for CSR Excellence
• Best Corporate Award (Medium Companies Category)

2018-19:

• The company was awarded as the Winner in Large service category in the employee relations and employee engagement category in the National HR circle competition conducted by Confederation of Indian Industry (CII). The award for the interventions focused on organization culture transformation.

2019-20:

• Awarded as winner in the Employee Relations & Employee Engagement category (Large Service Industry) at the CII National HR Circle Competition.
• Chola won the second place for Digitization in L&D- HR at the CII National HR Circle Competition 2019.

Milestones:

2015:

• Chola and Eicher Polaris Pvt Ltd Announces their Strategic Partnership for Multix
• Chola ties up with Ola to offer daily loan repayment to its drivers
• Cholamandalam Investment and Finance Company Limited partners with Escorts Limited to provide loans on Construction Equipment

2016:

• Chola expands its footprint in Bihar - Hajipur/Bihar
• Chola expands its footprint in Maharashtra by opening four new branches - Maharashtra / Mumbai
• Chola expands its footprints in Karnataka by opening four new branches - Bengaluru

2017:

• Chola inks Strategic Alliance with HUDCO

2019:

• IFC Channels $222 million into Cholamandalam to Boost Finance for Small Road Transport Operators and MSMEs

2020:

• Chola partners with Sri Sathya Sai Sanjeevani Hospitals
• Chola partners with Maruti Suzuki for Vehicle Finance