Cholamandalam Investment and Finance Company Ltd was incorporated in 1978 as the financial services arm of the Murugappa Group. It started operations as an equipment financing company and has today emerged as an inclusive 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 operates from over 533 branches across India with assets under management above Rs 20,000 crore (US$ 3.29 billion). The subsidiaries of Cholamandalam include Cholamandalam Securities Ltd (CSEC) and Cholamandalam Distribution Services Ltd (CDSL).
Cholamandalam DBS Finance Ltd: Major Indian Financial Services Provider
|2013||Releases the Sacha Saathi awareness programme for truck drivers|
|2012||Records an increase in disbursements by 71 per cent, PBT by 245 per cent|
|2010||Posts 264 per cent growth in disbursements and maintains a gross income of Rs 223 crore (US$ 36.75 million) during Fourth Quarter|
|2008||Posts Rs 5.90 crore (US$ 972,467.62) of profit before exceptional items and tax|
Updated: September, 2014